Nam Kim (Vietnam) Market Value
| NKG Stock | 15,900 200.00 1.24% |
| Symbol | Nam |
Nam Kim '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 Nam Kim'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 Nam Kim.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Nam Kim on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Nam Kim Steel or generate 0.0% return on investment in Nam Kim over 90 days. Nam Kim is related to or competes with An Phat, Binh Minh, TDT Investment, Dong Nai, Vien Dong, TDG Global, and PV2 Investment. More
Nam Kim 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 Nam Kim'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 Nam Kim Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.1508 | |||
| Maximum Drawdown | 8.78 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 3.87 |
Nam Kim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nam Kim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nam Kim's standard deviation. In reality, there are many statistical measures that can use Nam Kim historical prices to predict the future Nam Kim's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 0.1974 | |||
| Total Risk Alpha | 0.5007 | |||
| Sortino Ratio | 0.1858 | |||
| Treynor Ratio | 0.6371 |
Nam Kim Steel Backtested Returns
As of now, Nam Stock is very steady. Nam Kim Steel has Sharpe Ratio of 0.0837, which conveys that the firm had a 0.0837 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nam Kim, which you can use to evaluate the volatility of the firm. Please verify Nam Kim's Downside Deviation of 1.63, mean deviation of 1.56, and Risk Adjusted Performance of 0.0776 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Nam Kim has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nam Kim's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nam Kim is expected to be smaller as well. Nam Kim Steel right now secures a risk of 2.01%. Please verify Nam Kim Steel treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Nam Kim Steel will be following its current price movements.
Auto-correlation | -0.86 |
Excellent reverse predictability
Nam Kim Steel has excellent reverse predictability. Overlapping area represents the amount of predictability between Nam Kim time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Nam Kim Steel price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Nam Kim price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 993.8 K |
Nam Kim Steel lagged returns against current returns
Autocorrelation, which is Nam Kim 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 Nam Kim's stock expected returns. We can calculate the autocorrelation of Nam Kim returns to help us make a trade decision. For example, suppose you find that Nam Kim 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 |
Nam Kim 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 Nam Kim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nam Kim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nam Kim stock over time.
Current vs Lagged Prices |
| Timeline |
Nam Kim Lagged Returns
When evaluating Nam Kim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nam Kim stock have on its future price. Nam Kim 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, Nam Kim autocorrelation shows the relationship between Nam Kim stock current value and its past values and can show if there is a momentum factor associated with investing in Nam Kim Steel.
Regressed Prices |
| Timeline |
Pair Trading with Nam Kim
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 Nam Kim 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 Nam Kim will appreciate offsetting losses from the drop in the long position's value.Moving together with Nam Stock
The ability to find closely correlated positions to Nam Kim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nam Kim 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 Nam Kim - 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 Nam Kim Steel to buy it.
The correlation of Nam Kim 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 Nam Kim moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nam Kim Steel 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 Nam Kim 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 Nam Stock
Nam Kim financial ratios help investors to determine whether Nam 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 Nam with respect to the benefits of owning Nam Kim security.