Petro Vietnam (Vietnam) Market Value
| PVG Stock | 7,200 100.00 1.37% |
| Symbol | Petro |
Petro Vietnam '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 Petro Vietnam'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 Petro Vietnam.
| 12/27/2024 |
| 03/27/2025 |
If you would invest 0.00 in Petro Vietnam on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding Petro Vietnam LPG or generate 0.0% return on investment in Petro Vietnam over 90 days.
Petro Vietnam 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 Petro Vietnam'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 Petro Vietnam LPG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0062 | |||
| Maximum Drawdown | 10.77 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.74 |
Petro Vietnam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petro Vietnam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petro Vietnam's standard deviation. In reality, there are many statistical measures that can use Petro Vietnam historical prices to predict the future Petro Vietnam's volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | 0.0092 | |||
| Total Risk Alpha | 0.0163 | |||
| Sortino Ratio | 0.0064 | |||
| Treynor Ratio | (0.02) |
Petro Vietnam LPG Backtested Returns
Petro Vietnam LPG maintains Sharpe Ratio (i.e., Efficiency) of -0.0921, which implies the firm had a -0.0921 % return per unit of risk over the last 3 months. Petro Vietnam LPG exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petro Vietnam's Coefficient Of Variation of 10076.82, risk adjusted performance of 0.0143, and Semi Deviation of 1.45 to confirm the risk estimate we provide. The company holds a Beta of -0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Petro Vietnam are expected to decrease at a much lower rate. During the bear market, Petro Vietnam is likely to outperform the market. At this point, Petro Vietnam LPG has a negative expected return of -0.18%. Please make sure to check Petro Vietnam's skewness, and the relationship between the potential upside and rate of daily change , to decide if Petro Vietnam LPG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Petro Vietnam LPG has average predictability. Overlapping area represents the amount of predictability between Petro Vietnam time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th 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 Petro Vietnam LPG price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Petro Vietnam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 34.3 K |
Petro Vietnam LPG lagged returns against current returns
Autocorrelation, which is Petro Vietnam 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 Petro Vietnam's stock expected returns. We can calculate the autocorrelation of Petro Vietnam returns to help us make a trade decision. For example, suppose you find that Petro Vietnam 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 |
Petro Vietnam 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 Petro Vietnam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petro Vietnam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petro Vietnam stock over time.
Current vs Lagged Prices |
| Timeline |
Petro Vietnam Lagged Returns
When evaluating Petro Vietnam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petro Vietnam stock have on its future price. Petro Vietnam 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, Petro Vietnam autocorrelation shows the relationship between Petro Vietnam stock current value and its past values and can show if there is a momentum factor associated with investing in Petro Vietnam LPG.
Regressed Prices |
| Timeline |
Pair Trading with Petro Vietnam
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 Petro Vietnam 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 Petro Vietnam will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Petro Vietnam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petro Vietnam 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 Petro Vietnam - 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 Petro Vietnam LPG to buy it.
The correlation of Petro Vietnam 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 Petro Vietnam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petro Vietnam LPG 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 Petro Vietnam 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.