Vietnam Technological (Vietnam) Market Value
| TCB Stock | 24,350 300.00 1.22% |
| Symbol | Vietnam |
Vietnam Technological '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 Vietnam Technological'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 Vietnam Technological.
| 12/10/2023 |
| 01/03/2025 |
If you would invest 0.00 in Vietnam Technological on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Vietnam Technological And or generate 0.0% return on investment in Vietnam Technological over 390 days. Vietnam Technological is related to or competes with POT, Saigon Beer, Transport, Vietnam Petroleum, Vietnam Dairy, Mobile World, and Petrovietnam Drilling. More
Vietnam Technological 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 Vietnam Technological'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 Vietnam Technological And upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.88 |
Vietnam Technological Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam Technological's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam Technological's standard deviation. In reality, there are many statistical measures that can use Vietnam Technological historical prices to predict the future Vietnam Technological's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (1.04) |
Vietnam Technological And Backtested Returns
As of now, Vietnam Stock is very steady. Vietnam Technological And owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0182, which indicates the firm had a 0.0182% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Vietnam Technological And, which you can use to evaluate the volatility of the company. Please validate Vietnam Technological's Risk Adjusted Performance of (0.02), variance of 1.01, and Coefficient Of Variation of (3,484) to confirm if the risk estimate we provide is consistent with the expected return of 0.0178%. Vietnam Technological has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.0373, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vietnam Technological's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vietnam Technological is expected to be smaller as well. Vietnam Technological And right now has a risk of 0.98%. Please validate Vietnam Technological skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Vietnam Technological will be following its existing price patterns.
Auto-correlation | 0.41 |
Average predictability
Vietnam Technological And has average predictability. Overlapping area represents the amount of predictability between Vietnam Technological time series from 10th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 3rd 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 Vietnam Technological And price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Vietnam Technological price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 755.6 K |
Vietnam Technological And lagged returns against current returns
Autocorrelation, which is Vietnam Technological 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 Vietnam Technological's stock expected returns. We can calculate the autocorrelation of Vietnam Technological returns to help us make a trade decision. For example, suppose you find that Vietnam Technological 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 |
Vietnam Technological 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 Vietnam Technological stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam Technological stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam Technological stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam Technological Lagged Returns
When evaluating Vietnam Technological's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam Technological stock have on its future price. Vietnam Technological 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, Vietnam Technological autocorrelation shows the relationship between Vietnam Technological stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam Technological And.
Regressed Prices |
| Timeline |
Pair Trading with Vietnam Technological
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 Vietnam Technological 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 Vietnam Technological will appreciate offsetting losses from the drop in the long position's value.Moving together with Vietnam Stock
The ability to find closely correlated positions to Vietnam Technological could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vietnam Technological 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 Vietnam Technological - 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 Vietnam Technological And to buy it.
The correlation of Vietnam Technological 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 Vietnam Technological moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam Technological And 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 Vietnam Technological 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 Vietnam Stock
Vietnam Technological financial ratios help investors to determine whether Vietnam 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 Vietnam with respect to the benefits of owning Vietnam Technological security.