My Chau (Vietnam) Market Value
| MCP Stock | 30,000 100.00 0.33% |
| Symbol | MCP |
Please note, there is a significant difference between My Chau's value and its price as these two are different measures arrived at by different means. Investors typically determine if My Chau is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, My Chau's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
My Chau '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 My Chau'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 My Chau.
| 03/20/2024 |
| 12/15/2024 |
If you would invest 0.00 in My Chau on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding My Chau Printing or generate 0.0% return on investment in My Chau over 270 days. My Chau is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
My Chau 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 My Chau'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 My Chau Printing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.33 | |||
| Information Ratio | 0.0177 | |||
| Maximum Drawdown | 23.67 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.98 |
My Chau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for My Chau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as My Chau's standard deviation. In reality, there are many statistical measures that can use My Chau historical prices to predict the future My Chau's volatility.| Risk Adjusted Performance | 0.0436 | |||
| Jensen Alpha | 0.1769 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0104 | |||
| Treynor Ratio | (0.42) |
My Chau Printing Backtested Returns
As of now, MCP Stock is very steady. My Chau Printing retains Efficiency (Sharpe Ratio) of 0.0496, which conveys that the firm had a 0.0496% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for My Chau, which you can use to evaluate the volatility of the firm. Please verify My Chau's Mean Deviation of 1.63, standard deviation of 3.13, and Market Risk Adjusted Performance of (0.41) to check out if the risk estimate we provide is consistent with the expected return of 0.16%. My Chau has a performance score of 3 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning My Chau are expected to decrease at a much lower rate. During the bear market, My Chau is likely to outperform the market. My Chau Printing currently owns a risk of 3.13%. Please verify My Chau Printing potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if My Chau Printing will be following its current price history.
Auto-correlation | 0.04 |
Virtually no predictability
My Chau Printing has virtually no predictability. Overlapping area represents the amount of predictability between My Chau time series from 20th of March 2024 to 2nd of August 2024 and 2nd of August 2024 to 15th 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 My Chau Printing price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current My Chau price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
My Chau Printing lagged returns against current returns
Autocorrelation, which is My Chau 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 My Chau's stock expected returns. We can calculate the autocorrelation of My Chau returns to help us make a trade decision. For example, suppose you find that My Chau 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 |
My Chau 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 My Chau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if My Chau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in My Chau stock over time.
Current vs Lagged Prices |
| Timeline |
My Chau Lagged Returns
When evaluating My Chau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of My Chau stock have on its future price. My Chau 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, My Chau autocorrelation shows the relationship between My Chau stock current value and its past values and can show if there is a momentum factor associated with investing in My Chau Printing.
Regressed Prices |
| Timeline |
Pair Trading with My Chau
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 My Chau 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 My Chau will appreciate offsetting losses from the drop in the long position's value.Moving against MCP Stock
| 0.48 | AME | Alphanam ME | PairCorr |
| 0.43 | FIT | FIT INVEST JSC | PairCorr |
| 0.39 | AAA | An Phat Plastic | PairCorr |
| 0.37 | ADS | Damsan JSC | PairCorr |
| 0.36 | ABT | Bentre Aquaproduct Import | PairCorr |
The ability to find closely correlated positions to My Chau could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace My Chau 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 My Chau - 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 My Chau Printing to buy it.
The correlation of My Chau 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 My Chau moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if My Chau Printing 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 My Chau 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 MCP Stock
My Chau financial ratios help investors to determine whether MCP 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 MCP with respect to the benefits of owning My Chau security.