FPT Corp (Vietnam) Market Value
| FPT Stock | 149,730 1,630 1.10% |
| Symbol | FPT |
FPT Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to FPT Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of FPT Corp.
| 11/27/2023 |
| 12/21/2024 |
If you would invest 0.00 in FPT Corp on November 27, 2023 and sell it all today you would earn a total of 0.00 from holding FPT Corp or generate 0.0% return on investment in FPT Corp over 390 days. FPT Corp is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
FPT Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure FPT Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess FPT Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0949 | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 2.74 |
FPT Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FPT Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FPT Corp's standard deviation. In reality, there are many statistical measures that can use FPT Corp historical prices to predict the future FPT Corp's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.14 | |||
| Total Risk Alpha | 0.1103 | |||
| Sortino Ratio | 0.1037 | |||
| Treynor Ratio | 0.4524 |
FPT Corp Backtested Returns
As of now, FPT Stock is very steady. FPT Corp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for FPT Corp, which you can use to evaluate the volatility of the firm. Please confirm FPT Corp's Mean Deviation of 0.9364, market risk adjusted performance of 0.4624, and Downside Deviation of 1.2 to check if the risk estimate we provide is consistent with the expected return of 0.19%. FPT Corp has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, FPT Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding FPT Corp is expected to be smaller as well. FPT Corp currently shows a risk of 1.32%. Please confirm FPT Corp maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if FPT Corp will be following its price patterns.
Auto-correlation | 0.65 |
Good predictability
FPT Corp has good predictability. Overlapping area represents the amount of predictability between FPT Corp time series from 27th of November 2023 to 9th of June 2024 and 9th of June 2024 to 21st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FPT Corp price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current FPT Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 33 M |
FPT Corp lagged returns against current returns
Autocorrelation, which is FPT Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting FPT Corp's stock expected returns. We can calculate the autocorrelation of FPT Corp returns to help us make a trade decision. For example, suppose you find that FPT Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
FPT Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If FPT Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FPT Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FPT Corp stock over time.
Current vs Lagged Prices |
| Timeline |
FPT Corp Lagged Returns
When evaluating FPT Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FPT Corp stock have on its future price. FPT Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, FPT Corp autocorrelation shows the relationship between FPT Corp stock current value and its past values and can show if there is a momentum factor associated with investing in FPT Corp.
Regressed Prices |
| Timeline |
Pair Trading with FPT Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FPT Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FPT Corp will appreciate offsetting losses from the drop in the long position's value.Moving against FPT Stock
| 0.67 | AME | Alphanam ME | PairCorr |
| 0.47 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.46 | APG | APG Securities Joint | PairCorr |
| 0.42 | FIT | FIT INVEST JSC | PairCorr |
| 0.36 | ADS | Damsan JSC | PairCorr |
The ability to find closely correlated positions to FPT Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FPT Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FPT Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FPT Corp to buy it.
The correlation of FPT Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FPT Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FPT Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FPT Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in FPT Stock
FPT Corp financial ratios help investors to determine whether FPT Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FPT with respect to the benefits of owning FPT Corp security.