Khang Dien (Vietnam) Market Value
| KDH Stock | 35,850 250.00 0.70% |
| Symbol | Khang |
Khang Dien '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 Khang Dien'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 Khang Dien.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in Khang Dien on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Khang Dien House or generate 0.0% return on investment in Khang Dien over 180 days. Khang Dien is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Khang Dien 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 Khang Dien'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 Khang Dien House upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.0243 | |||
| Maximum Drawdown | 19.72 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.78 |
Khang Dien Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Khang Dien's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Khang Dien's standard deviation. In reality, there are many statistical measures that can use Khang Dien historical prices to predict the future Khang Dien's volatility.| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | 0.0678 | |||
| Total Risk Alpha | 0.0133 | |||
| Sortino Ratio | 0.0227 | |||
| Treynor Ratio | 0.3848 |
Khang Dien House Backtested Returns
Khang Dien House has Sharpe Ratio of -0.0813, which conveys that the firm had a -0.0813% return per unit of risk over the last 3 months. Khang Dien exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Khang Dien's Downside Deviation of 2.16, risk adjusted performance of 0.0384, and Mean Deviation of 1.07 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Khang Dien's returns are expected to increase less than the market. However, during the bear market, the loss of holding Khang Dien is expected to be smaller as well. At this point, Khang Dien House has a negative expected return of -0.13%. Please make sure to verify Khang Dien's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Khang Dien House performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Khang Dien House has below average predictability. Overlapping area represents the amount of predictability between Khang Dien time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th 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 Khang Dien House price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Khang Dien price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 4 M |
Khang Dien House lagged returns against current returns
Autocorrelation, which is Khang Dien 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 Khang Dien's stock expected returns. We can calculate the autocorrelation of Khang Dien returns to help us make a trade decision. For example, suppose you find that Khang Dien 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 |
Khang Dien 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 Khang Dien stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Khang Dien stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Khang Dien stock over time.
Current vs Lagged Prices |
| Timeline |
Khang Dien Lagged Returns
When evaluating Khang Dien's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Khang Dien stock have on its future price. Khang Dien 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, Khang Dien autocorrelation shows the relationship between Khang Dien stock current value and its past values and can show if there is a momentum factor associated with investing in Khang Dien House.
Regressed Prices |
| Timeline |
Pair Trading with Khang Dien
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 Khang Dien 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 Khang Dien will appreciate offsetting losses from the drop in the long position's value.Moving together with Khang Stock
Moving against Khang Stock
| 0.61 | BCF | Bich Chi Food | PairCorr |
| 0.53 | SMA | Saigon Machinery Spare | PairCorr |
| 0.45 | ICT | Telecoms Informatics JSC | PairCorr |
The ability to find closely correlated positions to Khang Dien could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Khang Dien 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 Khang Dien - 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 Khang Dien House to buy it.
The correlation of Khang Dien 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 Khang Dien moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Khang Dien House 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 Khang Dien 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 Khang Stock
Khang Dien financial ratios help investors to determine whether Khang 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 Khang with respect to the benefits of owning Khang Dien security.