Hochiminh City (Vietnam) Market Value
| HMC Stock | 13,000 50.00 0.38% |
| Symbol | Hochiminh |
Hochiminh City '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 Hochiminh City'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 Hochiminh City.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hochiminh City on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hochiminh City Metal or generate 0.0% return on investment in Hochiminh City over 90 days. Hochiminh City is related to or competes with Vietnam Petroleum, POT, Fecon Mining, FPT Digital, Vinhomes JSC, and Saigon Telecommunicatio. More
Hochiminh City 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 Hochiminh City'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 Hochiminh City Metal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | 0.149 | |||
| Maximum Drawdown | 13.68 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 4.0 |
Hochiminh City Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hochiminh City's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hochiminh City's standard deviation. In reality, there are many statistical measures that can use Hochiminh City historical prices to predict the future Hochiminh City's volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.2624 | |||
| Total Risk Alpha | 0.5107 | |||
| Sortino Ratio | 0.1377 | |||
| Treynor Ratio | 0.7153 |
Hochiminh City Metal Backtested Returns
Hochiminh City appears to be very steady, given 3 months investment horizon. Hochiminh City Metal holds Efficiency (Sharpe) Ratio of 0.0987, which attests that the entity had a 0.0987 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hochiminh City Metal, which you can use to evaluate the volatility of the firm. Please utilize Hochiminh City's Market Risk Adjusted Performance of 0.7253, risk adjusted performance of 0.0977, and Downside Deviation of 2.44 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hochiminh City holds a performance score of 7. 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, Hochiminh City's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hochiminh City is expected to be smaller as well. Please check Hochiminh City's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Hochiminh City's current trending patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Hochiminh City Metal has very weak reverse predictability. Overlapping area represents the amount of predictability between Hochiminh City time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Hochiminh City Metal price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Hochiminh City price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 176.3 K |
Hochiminh City Metal lagged returns against current returns
Autocorrelation, which is Hochiminh City 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 Hochiminh City's stock expected returns. We can calculate the autocorrelation of Hochiminh City returns to help us make a trade decision. For example, suppose you find that Hochiminh City 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 |
Hochiminh City 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 Hochiminh City stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hochiminh City stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hochiminh City stock over time.
Current vs Lagged Prices |
| Timeline |
Hochiminh City Lagged Returns
When evaluating Hochiminh City's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hochiminh City stock have on its future price. Hochiminh City 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, Hochiminh City autocorrelation shows the relationship between Hochiminh City stock current value and its past values and can show if there is a momentum factor associated with investing in Hochiminh City Metal.
Regressed Prices |
| Timeline |
Pair Trading with Hochiminh City
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 Hochiminh City 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 Hochiminh City will appreciate offsetting losses from the drop in the long position's value.Moving against Hochiminh Stock
The ability to find closely correlated positions to Hochiminh City could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hochiminh City 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 Hochiminh City - 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 Hochiminh City Metal to buy it.
The correlation of Hochiminh City 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 Hochiminh City moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hochiminh City Metal 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 Hochiminh City 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 Hochiminh Stock
Hochiminh City financial ratios help investors to determine whether Hochiminh 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 Hochiminh with respect to the benefits of owning Hochiminh City security.