Hai An (Vietnam) Market Value
| HAH Stock | 47,950 850.00 1.74% |
| Symbol | Hai |
Hai An '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 Hai An'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 Hai An.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hai An on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hai An Transport or generate 0.0% return on investment in Hai An over 90 days. Hai An is related to or competes with Elcom Technology, Construction JSC, SCG Construction, Saigon Telecommunicatio, and POT. More
Hai An 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 Hai An'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 Hai An Transport upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0349 | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 3.03 |
Hai An Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hai An's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hai An's standard deviation. In reality, there are many statistical measures that can use Hai An historical prices to predict the future Hai An's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.1488 | |||
| Treynor Ratio | (0.33) |
Hai An Transport Backtested Returns
Hai An Transport holds Efficiency (Sharpe) Ratio of -0.0266, which attests that the entity had a -0.0266 % return per unit of risk over the last 3 months. Hai An Transport exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hai An's Standard Deviation of 1.61, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.32) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hai An's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hai An is expected to be smaller as well. At this point, Hai An Transport has a negative expected return of -0.0429%. Please make sure to check out Hai An's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Hai An Transport performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Hai An Transport has very good reverse predictability. Overlapping area represents the amount of predictability between Hai An time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hai An Transport price movement. The serial correlation of -0.7 indicates that around 70.0% of current Hai An price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 M |
Hai An Transport lagged returns against current returns
Autocorrelation, which is Hai An 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 Hai An's stock expected returns. We can calculate the autocorrelation of Hai An returns to help us make a trade decision. For example, suppose you find that Hai An 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 |
Hai An 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 Hai An stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hai An stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hai An stock over time.
Current vs Lagged Prices |
| Timeline |
Hai An Lagged Returns
When evaluating Hai An's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hai An stock have on its future price. Hai An 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, Hai An autocorrelation shows the relationship between Hai An stock current value and its past values and can show if there is a momentum factor associated with investing in Hai An Transport.
Regressed Prices |
| Timeline |
Pair Trading with Hai An
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 Hai An 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 Hai An will appreciate offsetting losses from the drop in the long position's value.Moving together with Hai Stock
Moving against Hai Stock
The ability to find closely correlated positions to Hai An could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hai An 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 Hai An - 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 Hai An Transport to buy it.
The correlation of Hai An 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 Hai An moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hai An Transport 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 Hai An 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 Hai Stock
Hai An financial ratios help investors to determine whether Hai 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 Hai with respect to the benefits of owning Hai An security.