Ho Chi (Vietnam) Market Value
| HDB Stock | 25,500 1,150 4.32% |
| Symbol | HDB |
Ho Chi '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 Ho Chi'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 Ho Chi.
| 02/11/2023 |
| 01/01/2025 |
If you would invest 0.00 in Ho Chi on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Ho Chi Minh or generate 0.0% return on investment in Ho Chi over 690 days. Ho Chi is related to or competes with Hanoi Beer, Elcom Technology, FPT Digital, Vinhomes JSC, Binh Duong, South Basic, and Techno Agricultural. More
Ho Chi 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 Ho Chi'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 Ho Chi Minh upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.0071 | |||
| Maximum Drawdown | 19.71 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 3.19 |
Ho Chi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ho Chi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ho Chi's standard deviation. In reality, there are many statistical measures that can use Ho Chi historical prices to predict the future Ho Chi's volatility.| Risk Adjusted Performance | 0.0159 | |||
| Jensen Alpha | 0.0203 | |||
| Total Risk Alpha | 0.0171 | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | (0.03) |
Ho Chi Minh Backtested Returns
As of now, HDB Stock is very steady. Ho Chi Minh retains Efficiency (Sharpe Ratio) of 0.0111, which attests that the entity had a 0.0111% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for Ho Chi, which you can use to evaluate the volatility of the firm. Please check out Ho Chi's Market Risk Adjusted Performance of (0.02), standard deviation of 2.69, and Semi Deviation of 3.11 to validate if the risk estimate we provide is consistent with the expected return of 0.0298%. The company owns a Beta (Systematic Risk) of -0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ho Chi are expected to decrease at a much lower rate. During the bear market, Ho Chi is likely to outperform the market. Ho Chi Minh at this time owns a risk of 2.69%. Please check out Ho Chi Minh treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Ho Chi Minh will be following its current price history.
Auto-correlation | 0.59 |
Modest predictability
Ho Chi Minh has modest predictability. Overlapping area represents the amount of predictability between Ho Chi time series from 11th of February 2023 to 22nd of January 2024 and 22nd of January 2024 to 1st of January 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 Ho Chi Minh price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Ho Chi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 3.9 M |
Ho Chi Minh lagged returns against current returns
Autocorrelation, which is Ho Chi 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 Ho Chi's stock expected returns. We can calculate the autocorrelation of Ho Chi returns to help us make a trade decision. For example, suppose you find that Ho Chi 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 |
Ho Chi 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 Ho Chi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ho Chi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ho Chi stock over time.
Current vs Lagged Prices |
| Timeline |
Ho Chi Lagged Returns
When evaluating Ho Chi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ho Chi stock have on its future price. Ho Chi 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, Ho Chi autocorrelation shows the relationship between Ho Chi stock current value and its past values and can show if there is a momentum factor associated with investing in Ho Chi Minh.
Regressed Prices |
| Timeline |
Pair Trading with Ho Chi
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 Ho Chi 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 Ho Chi will appreciate offsetting losses from the drop in the long position's value.Moving together with HDB Stock
Moving against HDB Stock
The ability to find closely correlated positions to Ho Chi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ho Chi 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 Ho Chi - 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 Ho Chi Minh to buy it.
The correlation of Ho Chi 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 Ho Chi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ho Chi Minh 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 Ho Chi 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 HDB Stock
Ho Chi financial ratios help investors to determine whether HDB 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 HDB with respect to the benefits of owning Ho Chi security.