Hanoi Beer (Vietnam) Market Value
| HAT Stock | 38,600 400.00 1.03% |
| Symbol | Hanoi |
Hanoi Beer '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 Hanoi Beer'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 Hanoi Beer.
| 02/01/2025 |
| 03/03/2025 |
If you would invest 0.00 in Hanoi Beer on February 1, 2025 and sell it all today you would earn a total of 0.00 from holding Hanoi Beer Trading or generate 0.0% return on investment in Hanoi Beer over 30 days.
Hanoi Beer 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 Hanoi Beer'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 Hanoi Beer Trading upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.23 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 3.95 |
Hanoi Beer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanoi Beer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanoi Beer's standard deviation. In reality, there are many statistical measures that can use Hanoi Beer historical prices to predict the future Hanoi Beer's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.66) |
Hanoi Beer Trading Backtested Returns
Hanoi Beer Trading holds Efficiency (Sharpe) Ratio of -0.0538, which attests that the entity had a -0.0538 % return per unit of risk over the last 3 months. Hanoi Beer Trading exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hanoi Beer's Risk Adjusted Performance of (0.05), standard deviation of 2.56, and Market Risk Adjusted Performance of (0.65) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hanoi Beer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanoi Beer is expected to be smaller as well. At this point, Hanoi Beer Trading has a negative expected return of -0.15%. Please make sure to check out Hanoi Beer's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Hanoi Beer Trading performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Hanoi Beer Trading has very good predictability. Overlapping area represents the amount of predictability between Hanoi Beer time series from 1st of February 2025 to 16th of February 2025 and 16th of February 2025 to 3rd 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 Hanoi Beer Trading price movement. The serial correlation of 0.83 indicates that around 83.0% of current Hanoi Beer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 324.7 K |
Hanoi Beer Trading lagged returns against current returns
Autocorrelation, which is Hanoi Beer 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 Hanoi Beer's stock expected returns. We can calculate the autocorrelation of Hanoi Beer returns to help us make a trade decision. For example, suppose you find that Hanoi Beer 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 |
Hanoi Beer 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 Hanoi Beer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanoi Beer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanoi Beer stock over time.
Current vs Lagged Prices |
| Timeline |
Hanoi Beer Lagged Returns
When evaluating Hanoi Beer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanoi Beer stock have on its future price. Hanoi Beer 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, Hanoi Beer autocorrelation shows the relationship between Hanoi Beer stock current value and its past values and can show if there is a momentum factor associated with investing in Hanoi Beer Trading.
Regressed Prices |
| Timeline |
Pair Trading with Hanoi Beer
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 Hanoi Beer 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 Hanoi Beer will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hanoi Beer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanoi Beer 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 Hanoi Beer - 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 Hanoi Beer Trading to buy it.
The correlation of Hanoi Beer 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 Hanoi Beer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanoi Beer Trading 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 Hanoi Beer 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.