Hoang Huy (Vietnam) Market Value
| HHS Stock | 7,650 200.00 2.68% |
| Symbol | Hoang |
Hoang Huy '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 Hoang Huy'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 Hoang Huy.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Hoang Huy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hoang Huy Investment or generate 0.0% return on investment in Hoang Huy over 60 days. Hoang Huy is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Hoang Huy 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 Hoang Huy'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 Hoang Huy Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 3.03 |
Hoang Huy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoang Huy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoang Huy's standard deviation. In reality, there are many statistical measures that can use Hoang Huy historical prices to predict the future Hoang Huy's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.5942 |
Hoang Huy Investment Backtested Returns
Hoang Huy Investment holds Efficiency (Sharpe) Ratio of -0.0963, which attests that the entity had a -0.0963% return per unit of standard deviation over the last 3 months. Hoang Huy Investment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hoang Huy's risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 0.6042 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hoang Huy are expected to decrease at a much lower rate. During the bear market, Hoang Huy is likely to outperform the market. At this point, Hoang Huy Investment has a negative expected return of -0.19%. Please make sure to check out Hoang Huy's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Hoang Huy Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Hoang Huy Investment has weak reverse predictability. Overlapping area represents the amount of predictability between Hoang Huy time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Hoang Huy Investment price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Hoang Huy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 19.8 K |
Hoang Huy Investment lagged returns against current returns
Autocorrelation, which is Hoang Huy 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 Hoang Huy's stock expected returns. We can calculate the autocorrelation of Hoang Huy returns to help us make a trade decision. For example, suppose you find that Hoang Huy 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 |
Hoang Huy 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 Hoang Huy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoang Huy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hoang Huy stock over time.
Current vs Lagged Prices |
| Timeline |
Hoang Huy Lagged Returns
When evaluating Hoang Huy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoang Huy stock have on its future price. Hoang Huy 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, Hoang Huy autocorrelation shows the relationship between Hoang Huy stock current value and its past values and can show if there is a momentum factor associated with investing in Hoang Huy Investment.
Regressed Prices |
| Timeline |
Pair Trading with Hoang Huy
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 Hoang Huy 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 Hoang Huy will appreciate offsetting losses from the drop in the long position's value.Moving together with Hoang Stock
Moving against Hoang Stock
| 0.54 | BCF | Bich Chi Food | PairCorr |
| 0.53 | SMA | Saigon Machinery Spare | PairCorr |
| 0.4 | ICT | Telecoms Informatics JSC | PairCorr |
The ability to find closely correlated positions to Hoang Huy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hoang Huy 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 Hoang Huy - 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 Hoang Huy Investment to buy it.
The correlation of Hoang Huy 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 Hoang Huy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hoang Huy Investment 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 Hoang Huy 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 Hoang Stock
Hoang Huy financial ratios help investors to determine whether Hoang 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 Hoang with respect to the benefits of owning Hoang Huy security.