Book (Vietnam) Market Value
| STC Stock | 17,000 0.00 0.00% |
| Symbol | Book |
Book '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 Book'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 Book.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Book on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Book And Educational or generate 0.0% return on investment in Book over 30 days.
Book 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 Book'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 Book And Educational upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.83 | |||
| Information Ratio | (0.0004) | |||
| Maximum Drawdown | 18.28 | |||
| Value At Risk | (6.04) | |||
| Potential Upside | 6.25 |
Book Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Book's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Book's standard deviation. In reality, there are many statistical measures that can use Book historical prices to predict the future Book's volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.0003) | |||
| Treynor Ratio | 0.1009 |
Book And Educational Backtested Returns
As of now, Book Stock is very steady. Book And Educational secures Sharpe Ratio (or Efficiency) of 0.0236, which signifies that the company had a 0.0236% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Book And Educational, which you can use to evaluate the volatility of the firm. Please confirm Book's Downside Deviation of 4.83, mean deviation of 1.88, and Risk Adjusted Performance of 0.0126 to double-check if the risk estimate we provide is consistent with the expected return of 0.0928%. Book has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Book's returns are expected to increase less than the market. However, during the bear market, the loss of holding Book is expected to be smaller as well. Book And Educational right now shows a risk of 3.92%. Please confirm Book And Educational maximum drawdown, as well as the relationship between the semi variance and rate of daily change , to decide if Book And Educational will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Book And Educational has weak reverse predictability. Overlapping area represents the amount of predictability between Book time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Book And Educational price movement. The serial correlation of -0.25 indicates that over 25.0% of current Book price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 160 K |
Book And Educational lagged returns against current returns
Autocorrelation, which is Book 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 Book's stock expected returns. We can calculate the autocorrelation of Book returns to help us make a trade decision. For example, suppose you find that Book 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 |
Book 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 Book stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Book stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Book stock over time.
Current vs Lagged Prices |
| Timeline |
Book Lagged Returns
When evaluating Book's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Book stock have on its future price. Book 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, Book autocorrelation shows the relationship between Book stock current value and its past values and can show if there is a momentum factor associated with investing in Book And Educational.
Regressed Prices |
| Timeline |
Pair Trading with Book
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 Book 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 Book will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Book could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Book 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 Book - 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 Book And Educational to buy it.
The correlation of Book 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 Book moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Book And Educational 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 Book 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.