Century Synthetic (Vietnam) Market Value
| STK Stock | 24,800 200.00 0.81% |
| Symbol | Century |
Century Synthetic '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 Century Synthetic'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 Century Synthetic.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Century Synthetic on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Century Synthetic Fiber or generate 0.0% return on investment in Century Synthetic over 30 days. Century Synthetic is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Century Synthetic 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 Century Synthetic'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 Century Synthetic Fiber upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.52 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.57 |
Century Synthetic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Synthetic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Synthetic's standard deviation. In reality, there are many statistical measures that can use Century Synthetic historical prices to predict the future Century Synthetic's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.17) |
Century Synthetic Fiber Backtested Returns
Century Synthetic Fiber secures Sharpe Ratio (or Efficiency) of -0.0129, which signifies that the company had a -0.0129% return per unit of risk over the last 3 months. Century Synthetic Fiber exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Century Synthetic's Standard Deviation of 1.28, insignificant risk adjusted performance, and Mean Deviation of 0.7539 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Century Synthetic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Century Synthetic is expected to be smaller as well. At this point, Century Synthetic Fiber has a negative expected return of -0.0166%. Please make sure to confirm Century Synthetic's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Century Synthetic Fiber performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Century Synthetic Fiber has very good reverse predictability. Overlapping area represents the amount of predictability between Century Synthetic time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Century Synthetic Fiber price movement. The serial correlation of -0.66 indicates that around 66.0% of current Century Synthetic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 21.5 K |
Century Synthetic Fiber lagged returns against current returns
Autocorrelation, which is Century Synthetic 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 Century Synthetic's stock expected returns. We can calculate the autocorrelation of Century Synthetic returns to help us make a trade decision. For example, suppose you find that Century Synthetic 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 |
Century Synthetic 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 Century Synthetic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Synthetic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Synthetic stock over time.
Current vs Lagged Prices |
| Timeline |
Century Synthetic Lagged Returns
When evaluating Century Synthetic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Synthetic stock have on its future price. Century Synthetic 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, Century Synthetic autocorrelation shows the relationship between Century Synthetic stock current value and its past values and can show if there is a momentum factor associated with investing in Century Synthetic Fiber.
Regressed Prices |
| Timeline |
Pair Trading with Century Synthetic
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 Century Synthetic 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 Century Synthetic will appreciate offsetting losses from the drop in the long position's value.Moving together with Century Stock
| 0.63 | FIT | FIT INVEST JSC | PairCorr |
| 0.76 | ADS | Damsan JSC | PairCorr |
| 0.78 | AAA | An Phat Plastic | PairCorr |
| 0.74 | AME | Alphanam ME | PairCorr |
| 0.72 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Century Synthetic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Synthetic 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 Century Synthetic - 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 Century Synthetic Fiber to buy it.
The correlation of Century Synthetic 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 Century Synthetic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Synthetic Fiber 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 Century Synthetic 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 Century Stock
Century Synthetic financial ratios help investors to determine whether Century 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 Century with respect to the benefits of owning Century Synthetic security.