Duyen Hai (Vietnam) Market Value
| TCO Stock | 13,450 150.00 1.10% |
| Symbol | Duyen |
Duyen Hai '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 Duyen Hai'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 Duyen Hai.
| 12/10/2023 |
| 01/03/2025 |
If you would invest 0.00 in Duyen Hai on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Duyen Hai Multi or generate 0.0% return on investment in Duyen Hai over 390 days.
Duyen Hai 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 Duyen Hai'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 Duyen Hai Multi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 47.67 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 6.18 |
Duyen Hai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Duyen Hai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Duyen Hai's standard deviation. In reality, there are many statistical measures that can use Duyen Hai historical prices to predict the future Duyen Hai's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.29) |
Duyen Hai Multi Backtested Returns
Duyen Hai Multi secures Sharpe Ratio (or Efficiency) of -0.0271, which denotes the company had a -0.0271% return per unit of risk over the last 3 months. Duyen Hai Multi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Duyen Hai's Variance of 35.09, mean deviation of 3.07, and Standard Deviation of 5.92 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Duyen Hai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Duyen Hai is expected to be smaller as well. At this point, Duyen Hai Multi has a negative expected return of -0.16%. Please make sure to confirm Duyen Hai's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Duyen Hai Multi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Duyen Hai Multi has very weak predictability. Overlapping area represents the amount of predictability between Duyen Hai 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 Duyen Hai Multi price movement. The serial correlation of 0.16 indicates that over 16.0% of current Duyen Hai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 6.1 M |
Duyen Hai Multi lagged returns against current returns
Autocorrelation, which is Duyen Hai 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 Duyen Hai's stock expected returns. We can calculate the autocorrelation of Duyen Hai returns to help us make a trade decision. For example, suppose you find that Duyen Hai 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 |
Duyen Hai 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 Duyen Hai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Duyen Hai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Duyen Hai stock over time.
Current vs Lagged Prices |
| Timeline |
Duyen Hai Lagged Returns
When evaluating Duyen Hai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Duyen Hai stock have on its future price. Duyen Hai 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, Duyen Hai autocorrelation shows the relationship between Duyen Hai stock current value and its past values and can show if there is a momentum factor associated with investing in Duyen Hai Multi.
Regressed Prices |
| Timeline |
Pair Trading with Duyen Hai
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 Duyen Hai 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 Duyen Hai will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Duyen Hai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duyen Hai 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 Duyen Hai - 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 Duyen Hai Multi to buy it.
The correlation of Duyen Hai 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 Duyen Hai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duyen Hai Multi 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 Duyen Hai 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.