Pha Lai (Vietnam) Market Value
| PPC Stock | 11,550 50.00 0.43% |
| Symbol | Pha |
Pha Lai '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 Pha Lai'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 Pha Lai.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Pha Lai on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Pha Lai Thermal or generate 0.0% return on investment in Pha Lai over 90 days. Pha Lai is related to or competes with Ben Thanh, Vincom Retail, Ha Noi, and Danang Education. More
Pha Lai 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 Pha Lai'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 Pha Lai Thermal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7797 | |||
| Information Ratio | 0.2104 | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.36 |
Pha Lai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pha Lai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pha Lai's standard deviation. In reality, there are many statistical measures that can use Pha Lai historical prices to predict the future Pha Lai's volatility.| Risk Adjusted Performance | 0.075 | |||
| Jensen Alpha | 0.0791 | |||
| Total Risk Alpha | 0.1606 | |||
| Sortino Ratio | 0.2168 | |||
| Treynor Ratio | 0.3416 |
Pha Lai Thermal Backtested Returns
As of now, Pha Stock is very steady. Pha Lai Thermal maintains Sharpe Ratio (i.e., Efficiency) of 0.0781, which implies the firm had a 0.0781 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pha Lai Thermal, which you can use to evaluate the volatility of the company. Please check Pha Lai's Coefficient Of Variation of 1147.85, semi deviation of 0.489, and Risk Adjusted Performance of 0.075 to confirm if the risk estimate we provide is consistent with the expected return of 0.0618%. Pha Lai has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pha Lai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pha Lai is expected to be smaller as well. Pha Lai Thermal right now holds a risk of 0.79%. Please check Pha Lai Thermal potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Pha Lai Thermal will be following its historical price patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
Pha Lai Thermal has poor reverse predictability. Overlapping area represents the amount of predictability between Pha Lai time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Pha Lai Thermal price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Pha Lai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 16.1 K |
Pha Lai Thermal lagged returns against current returns
Autocorrelation, which is Pha Lai 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 Pha Lai's stock expected returns. We can calculate the autocorrelation of Pha Lai returns to help us make a trade decision. For example, suppose you find that Pha Lai 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 |
Pha Lai 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 Pha Lai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pha Lai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pha Lai stock over time.
Current vs Lagged Prices |
| Timeline |
Pha Lai Lagged Returns
When evaluating Pha Lai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pha Lai stock have on its future price. Pha Lai 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, Pha Lai autocorrelation shows the relationship between Pha Lai stock current value and its past values and can show if there is a momentum factor associated with investing in Pha Lai Thermal.
Regressed Prices |
| Timeline |
Pair Trading with Pha Lai
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 Pha Lai 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 Pha Lai will appreciate offsetting losses from the drop in the long position's value.Moving together with Pha Stock
Moving against Pha Stock
The ability to find closely correlated positions to Pha Lai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pha Lai 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 Pha Lai - 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 Pha Lai Thermal to buy it.
The correlation of Pha Lai 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 Pha Lai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pha Lai Thermal 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 Pha Lai 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 Pha Stock
Pha Lai financial ratios help investors to determine whether Pha 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 Pha with respect to the benefits of owning Pha Lai security.