Petrolimex Information (Vietnam) Market Value

PIA Stock   28,300  1,700  5.67%   
Petrolimex Information's market value is the price at which a share of Petrolimex Information trades on a public exchange. It measures the collective expectations of Petrolimex Information Technology investors about its performance. Petrolimex Information is selling at 28300.00 as of the 15th of March 2025; that is 5.67 percent decrease since the beginning of the trading day. The stock's open price was 30000.0.
With this module, you can estimate the performance of a buy and hold strategy of Petrolimex Information Technology and determine expected loss or profit from investing in Petrolimex Information over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Pair Trading with Petrolimex Information

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 Petrolimex Information 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 Petrolimex Information will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Petrolimex Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petrolimex Information 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 Petrolimex Information - 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 Petrolimex Information Technology to buy it.
The correlation of Petrolimex Information 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 Petrolimex Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petrolimex Information 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 Petrolimex Information 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.
Pair CorrelationCorrelation Matching