Petrolimex Petrochemical (Vietnam) Market Value
| PLC Stock | 26,400 1,200 4.76% |
| Symbol | Petrolimex |
Petrolimex Petrochemical '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 Petrolimex Petrochemical'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 Petrolimex Petrochemical.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Petrolimex Petrochemical on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Petrolimex Petrochemical JSC or generate 0.0% return on investment in Petrolimex Petrochemical over 90 days. Petrolimex Petrochemical is related to or competes with Din Capital, Long Giang, TDG Global, HVC Investment, DOMESCO Medical, PetroVietnam Drilling, and Development Investment. More
Petrolimex Petrochemical 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 Petrolimex Petrochemical'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 Petrolimex Petrochemical JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.2228 | |||
| Maximum Drawdown | 13.49 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 3.66 |
Petrolimex Petrochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrolimex Petrochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrolimex Petrochemical's standard deviation. In reality, there are many statistical measures that can use Petrolimex Petrochemical historical prices to predict the future Petrolimex Petrochemical's volatility.| Risk Adjusted Performance | 0.1405 | |||
| Jensen Alpha | 0.3358 | |||
| Total Risk Alpha | 0.6741 | |||
| Sortino Ratio | 0.3005 | |||
| Treynor Ratio | 3.45 |
Petrolimex Petrochemical Backtested Returns
Petrolimex Petrochemical appears to be very steady, given 3 months investment horizon. Petrolimex Petrochemical maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Petrolimex Petrochemical, which you can use to evaluate the volatility of the company. Please evaluate Petrolimex Petrochemical's Risk Adjusted Performance of 0.1405, coefficient of variation of 627.48, and Semi Deviation of 1.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Petrolimex Petrochemical holds a performance score of 13. The company holds a Beta of 0.0935, which implies not very significant fluctuations relative to the market. As returns on the market increase, Petrolimex Petrochemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petrolimex Petrochemical is expected to be smaller as well. Please check Petrolimex Petrochemical's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Petrolimex Petrochemical's historical price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Petrolimex Petrochemical JSC has below average predictability. Overlapping area represents the amount of predictability between Petrolimex Petrochemical 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 Petrolimex Petrochemical price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Petrolimex Petrochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 219.2 K |
Petrolimex Petrochemical lagged returns against current returns
Autocorrelation, which is Petrolimex Petrochemical 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 Petrolimex Petrochemical's stock expected returns. We can calculate the autocorrelation of Petrolimex Petrochemical returns to help us make a trade decision. For example, suppose you find that Petrolimex Petrochemical 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 |
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Petrolimex Petrochemical 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 Petrolimex Petrochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrolimex Petrochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrolimex Petrochemical stock over time.
Current vs Lagged Prices |
| Timeline |
Petrolimex Petrochemical Lagged Returns
When evaluating Petrolimex Petrochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrolimex Petrochemical stock have on its future price. Petrolimex Petrochemical 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, Petrolimex Petrochemical autocorrelation shows the relationship between Petrolimex Petrochemical stock current value and its past values and can show if there is a momentum factor associated with investing in Petrolimex Petrochemical JSC.
Regressed Prices |
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Pair Trading with Petrolimex Petrochemical
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 Petrochemical 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 Petrochemical will appreciate offsetting losses from the drop in the long position's value.Moving against Petrolimex Stock
The ability to find closely correlated positions to Petrolimex Petrochemical 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 Petrochemical 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 Petrochemical - 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 Petrochemical JSC to buy it.
The correlation of Petrolimex Petrochemical 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 Petrochemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petrolimex Petrochemical 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 Petrochemical 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 Petrolimex Stock
Petrolimex Petrochemical financial ratios help investors to determine whether Petrolimex 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 Petrolimex with respect to the benefits of owning Petrolimex Petrochemical security.