Ngan Son (Vietnam) Market Value
| NST Stock | 10,400 400.00 3.70% |
| Symbol | Ngan |
Ngan Son '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 Ngan Son'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 Ngan Son.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Ngan Son on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Ngan Son JSC or generate 0.0% return on investment in Ngan Son over 60 days. Ngan Son is related to or competes with Travel Investment, POT, Danang Education, Fecon Mining, Elcom Technology, and Mobile World. More
Ngan Son 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 Ngan Son'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 Ngan Son JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.11 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.55 |
Ngan Son Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ngan Son's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ngan Son's standard deviation. In reality, there are many statistical measures that can use Ngan Son historical prices to predict the future Ngan Son's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.8758 |
Ngan Son JSC Backtested Returns
Ngan Son JSC has Sharpe Ratio of -0.0725, which conveys that the firm had a -0.0725% return per unit of risk over the last 3 months. Ngan Son exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Ngan Son's Mean Deviation of 2.48, standard deviation of 3.24, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ngan Son are expected to decrease at a much lower rate. During the bear market, Ngan Son is likely to outperform the market. At this point, Ngan Son JSC has a negative expected return of -0.23%. Please make sure to verify Ngan Son's information ratio, as well as the relationship between the skewness and day typical price , to decide if Ngan Son JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Ngan Son JSC has virtually no predictability. Overlapping area represents the amount of predictability between Ngan Son time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Ngan Son JSC price movement. The serial correlation of 0.01 indicates that just 1.0% of current Ngan Son price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 62.5 K |
Ngan Son JSC lagged returns against current returns
Autocorrelation, which is Ngan Son 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 Ngan Son's stock expected returns. We can calculate the autocorrelation of Ngan Son returns to help us make a trade decision. For example, suppose you find that Ngan Son 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 |
Ngan Son 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 Ngan Son stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ngan Son stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ngan Son stock over time.
Current vs Lagged Prices |
| Timeline |
Ngan Son Lagged Returns
When evaluating Ngan Son's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ngan Son stock have on its future price. Ngan Son 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, Ngan Son autocorrelation shows the relationship between Ngan Son stock current value and its past values and can show if there is a momentum factor associated with investing in Ngan Son JSC.
Regressed Prices |
| Timeline |
Pair Trading with Ngan Son
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 Ngan Son 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 Ngan Son will appreciate offsetting losses from the drop in the long position's value.Moving against Ngan Stock
The ability to find closely correlated positions to Ngan Son could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ngan Son 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 Ngan Son - 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 Ngan Son JSC to buy it.
The correlation of Ngan Son 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 Ngan Son moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ngan Son 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 Ngan Son 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 Ngan Stock
Ngan Son financial ratios help investors to determine whether Ngan 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 Ngan with respect to the benefits of owning Ngan Son security.