HVC Investment (Vietnam) Market Value
| HVH Stock | 8,760 240.00 2.67% |
| Symbol | HVC |
HVC Investment '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 HVC Investment'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 HVC Investment.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in HVC Investment on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding HVC Investment and or generate 0.0% return on investment in HVC Investment over 30 days. HVC Investment is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
HVC Investment 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 HVC Investment'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 HVC Investment and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 2.77 |
HVC Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HVC Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HVC Investment's standard deviation. In reality, there are many statistical measures that can use HVC Investment historical prices to predict the future HVC Investment's volatility.| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | 0.025 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3558 |
HVC Investment Backtested Returns
As of now, HVC Stock is very steady. HVC Investment retains Efficiency (Sharpe Ratio) of 0.0356, which attests that the entity had a 0.0356% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for HVC Investment, which you can use to evaluate the volatility of the firm. Please check out HVC Investment's Semi Deviation of 1.46, downside deviation of 1.63, and Market Risk Adjusted Performance of 0.3658 to validate if the risk estimate we provide is consistent with the expected return of 0.0638%. HVC Investment has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.094, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HVC Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding HVC Investment is expected to be smaller as well. HVC Investment currently owns a risk of 1.79%. Please check out HVC Investment and potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if HVC Investment and will be following its current price history.
Auto-correlation | 0.56 |
Modest predictability
HVC Investment and has modest predictability. Overlapping area represents the amount of predictability between HVC Investment time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 HVC Investment price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current HVC Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 39.8 K |
HVC Investment lagged returns against current returns
Autocorrelation, which is HVC Investment 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 HVC Investment's stock expected returns. We can calculate the autocorrelation of HVC Investment returns to help us make a trade decision. For example, suppose you find that HVC Investment 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 |
HVC Investment 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 HVC Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HVC Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HVC Investment stock over time.
Current vs Lagged Prices |
| Timeline |
HVC Investment Lagged Returns
When evaluating HVC Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HVC Investment stock have on its future price. HVC Investment 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, HVC Investment autocorrelation shows the relationship between HVC Investment stock current value and its past values and can show if there is a momentum factor associated with investing in HVC Investment and.
Regressed Prices |
| Timeline |
Pair Trading with HVC Investment
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 HVC Investment 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 HVC Investment will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to HVC Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HVC Investment 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 HVC Investment - 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 HVC Investment and to buy it.
The correlation of HVC Investment 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 HVC Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HVC 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 HVC Investment 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 HVC Stock
HVC Investment financial ratios help investors to determine whether HVC 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 HVC with respect to the benefits of owning HVC Investment security.