THANGLONG INVE (Vietnam) Market Value
| TIG Stock | 11,800 200.00 1.67% |
| Symbol | THANGLONG |
THANGLONG INVE '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 THANGLONG INVE'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 THANGLONG INVE.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in THANGLONG INVE on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding THANGLONG INVE or generate 0.0% return on investment in THANGLONG INVE over 30 days.
THANGLONG INVE 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 THANGLONG INVE'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 THANGLONG INVE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.29 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.5 |
THANGLONG INVE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THANGLONG INVE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THANGLONG INVE's standard deviation. In reality, there are many statistical measures that can use THANGLONG INVE historical prices to predict the future THANGLONG INVE's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.8351 |
THANGLONG INVE Backtested Returns
THANGLONG INVE retains Efficiency (Sharpe Ratio) of -0.1, which indicates the firm had a -0.1 % return per unit of risk over the last 3 months. THANGLONG INVE exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate THANGLONG INVE's standard deviation of 1.52, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning THANGLONG INVE are expected to decrease at a much lower rate. During the bear market, THANGLONG INVE is likely to outperform the market. At this point, THANGLONG INVE has a negative expected return of -0.16%. Please make sure to validate THANGLONG INVE's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if THANGLONG INVE performance from the past will be repeated in the future.
Auto-correlation | 0.39 |
Below average predictability
THANGLONG INVE has below average predictability. Overlapping area represents the amount of predictability between THANGLONG INVE time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 THANGLONG INVE price movement. The serial correlation of 0.39 indicates that just about 39.0% of current THANGLONG INVE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 73.9 K |
THANGLONG INVE lagged returns against current returns
Autocorrelation, which is THANGLONG INVE 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 THANGLONG INVE's stock expected returns. We can calculate the autocorrelation of THANGLONG INVE returns to help us make a trade decision. For example, suppose you find that THANGLONG INVE 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 |
THANGLONG INVE 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 THANGLONG INVE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THANGLONG INVE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THANGLONG INVE stock over time.
Current vs Lagged Prices |
| Timeline |
THANGLONG INVE Lagged Returns
When evaluating THANGLONG INVE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THANGLONG INVE stock have on its future price. THANGLONG INVE 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, THANGLONG INVE autocorrelation shows the relationship between THANGLONG INVE stock current value and its past values and can show if there is a momentum factor associated with investing in THANGLONG INVE.
Regressed Prices |
| Timeline |
Pair Trading with THANGLONG INVE
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 THANGLONG INVE 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 THANGLONG INVE will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to THANGLONG INVE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace THANGLONG INVE 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 THANGLONG INVE - 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 THANGLONG INVE to buy it.
The correlation of THANGLONG INVE 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 THANGLONG INVE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if THANGLONG INVE 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 THANGLONG INVE 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.