PVI Reinsurance (Vietnam) Market Value
| PRE Stock | 21,000 400.00 1.94% |
| Symbol | PVI |
PVI Reinsurance '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 PVI Reinsurance'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 PVI Reinsurance.
| 02/01/2025 |
| 03/03/2025 |
If you would invest 0.00 in PVI Reinsurance on February 1, 2025 and sell it all today you would earn a total of 0.00 from holding PVI Reinsurance Corp or generate 0.0% return on investment in PVI Reinsurance over 30 days. PVI Reinsurance is related to or competes with LDG Investment, Dinhvu Port, HVC Investment, Ha Long, Hanoi Beer, TDG Global, and Tien Giang. More
PVI Reinsurance 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 PVI Reinsurance'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 PVI Reinsurance Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0922 | |||
| Maximum Drawdown | 14.63 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 5.06 |
PVI Reinsurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PVI Reinsurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PVI Reinsurance's standard deviation. In reality, there are many statistical measures that can use PVI Reinsurance historical prices to predict the future PVI Reinsurance's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.238 | |||
| Total Risk Alpha | 0.3119 | |||
| Sortino Ratio | 0.0726 | |||
| Treynor Ratio | 0.4824 |
PVI Reinsurance Corp Backtested Returns
PVI Reinsurance appears to be very steady, given 3 months investment horizon. PVI Reinsurance Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0968, which implies the firm had a 0.0968 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for PVI Reinsurance Corp, which you can use to evaluate the volatility of the company. Please evaluate PVI Reinsurance's semi deviation of 2.66, and Risk Adjusted Performance of 0.0717 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PVI Reinsurance holds a performance score of 7. The company holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PVI Reinsurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding PVI Reinsurance is expected to be smaller as well. Please check PVI Reinsurance's total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether PVI Reinsurance's historical price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
PVI Reinsurance Corp has weak reverse predictability. Overlapping area represents the amount of predictability between PVI Reinsurance time series from 1st of February 2025 to 16th of February 2025 and 16th of February 2025 to 3rd 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 PVI Reinsurance Corp price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current PVI Reinsurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 218.9 K |
PVI Reinsurance Corp lagged returns against current returns
Autocorrelation, which is PVI Reinsurance 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 PVI Reinsurance's stock expected returns. We can calculate the autocorrelation of PVI Reinsurance returns to help us make a trade decision. For example, suppose you find that PVI Reinsurance 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 |
PVI Reinsurance 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 PVI Reinsurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PVI Reinsurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PVI Reinsurance stock over time.
Current vs Lagged Prices |
| Timeline |
PVI Reinsurance Lagged Returns
When evaluating PVI Reinsurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PVI Reinsurance stock have on its future price. PVI Reinsurance 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, PVI Reinsurance autocorrelation shows the relationship between PVI Reinsurance stock current value and its past values and can show if there is a momentum factor associated with investing in PVI Reinsurance Corp.
Regressed Prices |
| Timeline |
Pair Trading with PVI Reinsurance
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 PVI Reinsurance 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 PVI Reinsurance will appreciate offsetting losses from the drop in the long position's value.Moving against PVI Stock
The ability to find closely correlated positions to PVI Reinsurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PVI Reinsurance 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 PVI Reinsurance - 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 PVI Reinsurance Corp to buy it.
The correlation of PVI Reinsurance 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 PVI Reinsurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PVI Reinsurance Corp 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 PVI Reinsurance 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 PVI Stock
PVI Reinsurance financial ratios help investors to determine whether PVI 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 PVI with respect to the benefits of owning PVI Reinsurance security.