Innovative Technology (Vietnam) Market Value
ITD Stock | 14,900 150.00 1.02% |
Symbol | Innovative |
Innovative Technology '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 Innovative Technology'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 Innovative Technology.
01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Innovative Technology on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Innovative Technology Development or generate 0.0% return on investment in Innovative Technology over 30 days. Innovative Technology is related to or competes with Transport, AgriBank Securities, Ba Ria, PetroVietnam Transportation, BaoMinh Insurance, Hai An, and Asia Commercial. More
Innovative Technology 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 Innovative Technology'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 Innovative Technology Development upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.01 | |||
Information Ratio | 0.1274 | |||
Maximum Drawdown | 10.39 | |||
Value At Risk | (2.22) | |||
Potential Upside | 4.35 |
Innovative Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovative Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovative Technology's standard deviation. In reality, there are many statistical measures that can use Innovative Technology historical prices to predict the future Innovative Technology's volatility.Risk Adjusted Performance | 0.0957 | |||
Jensen Alpha | 0.255 | |||
Total Risk Alpha | 0.3064 | |||
Sortino Ratio | 0.1317 | |||
Treynor Ratio | 0.4139 |
Innovative Technology Backtested Returns
Innovative Technology appears to be very steady, given 3 months investment horizon. Innovative Technology holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Innovative Technology, which you can use to evaluate the volatility of the firm. Please utilize Innovative Technology's Risk Adjusted Performance of 0.0957, market risk adjusted performance of 0.4239, and Downside Deviation of 2.01 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Innovative Technology holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovative Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovative Technology is expected to be smaller as well. Please check Innovative Technology's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Innovative Technology's current trending patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Innovative Technology Development has virtually no predictability. Overlapping area represents the amount of predictability between Innovative Technology time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Innovative Technology price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Innovative Technology price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.04 | |
Spearman Rank Test | 0.01 | |
Residual Average | 0.0 | |
Price Variance | 154.9 K |
Innovative Technology lagged returns against current returns
Autocorrelation, which is Innovative Technology 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 Innovative Technology's stock expected returns. We can calculate the autocorrelation of Innovative Technology returns to help us make a trade decision. For example, suppose you find that Innovative Technology 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 |
Innovative Technology 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 Innovative Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovative Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovative Technology stock over time.
Current vs Lagged Prices |
Timeline |
Innovative Technology Lagged Returns
When evaluating Innovative Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovative Technology stock have on its future price. Innovative Technology 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, Innovative Technology autocorrelation shows the relationship between Innovative Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Innovative Technology Development.
Regressed Prices |
Timeline |
Pair Trading with Innovative Technology
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 Innovative Technology 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 Innovative Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Innovative Stock
The ability to find closely correlated positions to Innovative Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovative Technology 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 Innovative Technology - 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 Innovative Technology Development to buy it.
The correlation of Innovative Technology 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 Innovative Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovative Technology 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 Innovative Technology 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 Innovative Stock
Innovative Technology financial ratios help investors to determine whether Innovative 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 Innovative with respect to the benefits of owning Innovative Technology security.