Long Giang (Vietnam) Market Value
| LGL Stock | 2,630 170.00 6.91% |
| Symbol | Long |
Long Giang '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 Long Giang'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 Long Giang.
| 07/08/2023 |
| 12/29/2024 |
If you would invest 0.00 in Long Giang on July 8, 2023 and sell it all today you would earn a total of 0.00 from holding Long Giang Investment or generate 0.0% return on investment in Long Giang over 540 days. Long Giang is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Long Giang 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 Long Giang'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 Long Giang Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8978 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.58 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.24 |
Long Giang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Long Giang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Long Giang's standard deviation. In reality, there are many statistical measures that can use Long Giang historical prices to predict the future Long Giang's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0747 |
Long Giang Investment Backtested Returns
As of now, Long Stock is very steady. Long Giang Investment has Sharpe Ratio of 0.021, which conveys that the firm had a 0.021% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Long Giang, which you can use to evaluate the volatility of the firm. Please verify Long Giang's Risk Adjusted Performance of 0.0154, mean deviation of 0.6035, and Downside Deviation of 0.8978 to check out if the risk estimate we provide is consistent with the expected return of 0.0233%. Long Giang has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Long Giang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Long Giang is expected to be smaller as well. Long Giang Investment right now secures a risk of 1.11%. Please verify Long Giang Investment treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Long Giang Investment will be following its current price movements.
Auto-correlation | 0.70 |
Good predictability
Long Giang Investment has good predictability. Overlapping area represents the amount of predictability between Long Giang time series from 8th of July 2023 to 3rd of April 2024 and 3rd of April 2024 to 29th 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 Long Giang Investment price movement. The serial correlation of 0.7 indicates that around 70.0% of current Long Giang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 144.2 K |
Long Giang Investment lagged returns against current returns
Autocorrelation, which is Long Giang 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 Long Giang's stock expected returns. We can calculate the autocorrelation of Long Giang returns to help us make a trade decision. For example, suppose you find that Long Giang 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 |
Long Giang 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 Long Giang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Long Giang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Long Giang stock over time.
Current vs Lagged Prices |
| Timeline |
Long Giang Lagged Returns
When evaluating Long Giang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Long Giang stock have on its future price. Long Giang 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, Long Giang autocorrelation shows the relationship between Long Giang stock current value and its past values and can show if there is a momentum factor associated with investing in Long Giang Investment.
Regressed Prices |
| Timeline |
Pair Trading with Long Giang
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 Long Giang 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 Long Giang will appreciate offsetting losses from the drop in the long position's value.Moving together with Long Stock
Moving against Long Stock
| 0.51 | BCF | Bich Chi Food | PairCorr |
| 0.4 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.35 | ELC | Elcom Technology Com | PairCorr |
The ability to find closely correlated positions to Long Giang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Long Giang 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 Long Giang - 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 Long Giang Investment to buy it.
The correlation of Long Giang 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 Long Giang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Long Giang 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 Long Giang 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 Long Stock
Long Giang financial ratios help investors to determine whether Long 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 Long with respect to the benefits of owning Long Giang security.