Nafoods Group (Vietnam) Market Value
| NAF Stock | 20,450 250.00 1.24% |
| Symbol | Nafoods |
Nafoods Group '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 Nafoods Group'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 Nafoods Group.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Nafoods Group on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Nafoods Group JSC or generate 0.0% return on investment in Nafoods Group over 90 days. Nafoods Group is related to or competes with Viet Thanh, PetroVietnam Drilling, An Phat, Hanoi Plastics, BaoMinh Insurance, Southern Rubber, and Danang Rubber. More
Nafoods Group 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 Nafoods Group'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 Nafoods Group JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9956 | |||
| Information Ratio | 0.1158 | |||
| Maximum Drawdown | 7.81 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.56 |
Nafoods Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nafoods Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nafoods Group's standard deviation. In reality, there are many statistical measures that can use Nafoods Group historical prices to predict the future Nafoods Group's volatility.| Risk Adjusted Performance | 0.0322 | |||
| Jensen Alpha | 0.0512 | |||
| Total Risk Alpha | 0.182 | |||
| Sortino Ratio | 0.1404 | |||
| Treynor Ratio | 0.1648 |
Nafoods Group JSC Backtested Returns
As of now, Nafoods Stock is very steady. Nafoods Group JSC has Sharpe Ratio of 0.0568, which conveys that the firm had a 0.0568 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Nafoods Group, which you can use to evaluate the volatility of the firm. Please verify Nafoods Group's Mean Deviation of 0.7449, risk adjusted performance of 0.0322, and Downside Deviation of 0.9956 to check out if the risk estimate we provide is consistent with the expected return of 0.0709%. Nafoods Group has a performance score of 4 on a scale of 0 to 100. 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, Nafoods Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nafoods Group is expected to be smaller as well. Nafoods Group JSC right now secures a risk of 1.25%. Please verify Nafoods Group JSC semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to decide if Nafoods Group JSC will be following its current price movements.
Auto-correlation | -0.45 |
Modest reverse predictability
Nafoods Group JSC has modest reverse predictability. Overlapping area represents the amount of predictability between Nafoods Group time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Nafoods Group JSC price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Nafoods Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 242.9 K |
Nafoods Group JSC lagged returns against current returns
Autocorrelation, which is Nafoods Group 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 Nafoods Group's stock expected returns. We can calculate the autocorrelation of Nafoods Group returns to help us make a trade decision. For example, suppose you find that Nafoods Group 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 |
Nafoods Group 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 Nafoods Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nafoods Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nafoods Group stock over time.
Current vs Lagged Prices |
| Timeline |
Nafoods Group Lagged Returns
When evaluating Nafoods Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nafoods Group stock have on its future price. Nafoods Group 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, Nafoods Group autocorrelation shows the relationship between Nafoods Group stock current value and its past values and can show if there is a momentum factor associated with investing in Nafoods Group JSC.
Regressed Prices |
| Timeline |
Pair Trading with Nafoods Group
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 Nafoods Group 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 Nafoods Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nafoods Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nafoods Group 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 Nafoods Group - 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 Nafoods Group JSC to buy it.
The correlation of Nafoods Group 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 Nafoods Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nafoods Group JSC 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 Nafoods Group 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 Nafoods Stock
Nafoods Group financial ratios help investors to determine whether Nafoods 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 Nafoods with respect to the benefits of owning Nafoods Group security.