Thanh Thanh (Vietnam) Market Value
| SBT Stock | 12,850 250.00 1.91% |
| Symbol | Thanh |
Thanh Thanh '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 Thanh Thanh'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 Thanh Thanh.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Thanh Thanh on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Thanh Thanh Cong or generate 0.0% return on investment in Thanh Thanh over 30 days. Thanh Thanh is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, and Bentre Aquaproduct. More
Thanh Thanh 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 Thanh Thanh'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 Thanh Thanh Cong upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.27 |
Thanh Thanh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thanh Thanh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thanh Thanh's standard deviation. In reality, there are many statistical measures that can use Thanh Thanh historical prices to predict the future Thanh Thanh's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0) |
Thanh Thanh Cong Backtested Returns
Thanh Thanh Cong owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0715, which indicates the firm had a -0.0715% return per unit of risk over the last 3 months. Thanh Thanh Cong exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thanh Thanh's Semi Deviation of 0.7936, risk adjusted performance of 0.0099, and Coefficient Of Variation of 9071.84 to confirm the risk estimate we provide. The entity has a beta of 0.0979, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thanh Thanh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thanh Thanh is expected to be smaller as well. At this point, Thanh Thanh Cong has a negative expected return of -0.085%. Please make sure to validate Thanh Thanh's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Thanh Thanh Cong performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Thanh Thanh Cong has average predictability. Overlapping area represents the amount of predictability between Thanh Thanh time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 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 Thanh Thanh Cong price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Thanh Thanh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 9444.44 |
Thanh Thanh Cong lagged returns against current returns
Autocorrelation, which is Thanh Thanh 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 Thanh Thanh's stock expected returns. We can calculate the autocorrelation of Thanh Thanh returns to help us make a trade decision. For example, suppose you find that Thanh Thanh 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 |
Thanh Thanh 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 Thanh Thanh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thanh Thanh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thanh Thanh stock over time.
Current vs Lagged Prices |
| Timeline |
Thanh Thanh Lagged Returns
When evaluating Thanh Thanh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thanh Thanh stock have on its future price. Thanh Thanh 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, Thanh Thanh autocorrelation shows the relationship between Thanh Thanh stock current value and its past values and can show if there is a momentum factor associated with investing in Thanh Thanh Cong.
Regressed Prices |
| Timeline |
Pair Trading with Thanh Thanh
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 Thanh Thanh 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 Thanh Thanh will appreciate offsetting losses from the drop in the long position's value.Moving against Thanh Stock
The ability to find closely correlated positions to Thanh Thanh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thanh Thanh 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 Thanh Thanh - 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 Thanh Thanh Cong to buy it.
The correlation of Thanh Thanh 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 Thanh Thanh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thanh Thanh Cong 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 Thanh Thanh 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 Thanh Stock
Thanh Thanh financial ratios help investors to determine whether Thanh 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 Thanh with respect to the benefits of owning Thanh Thanh security.