Tienlen Steel (Vietnam) Market Value
| TLH Stock | 4,330 40.00 0.92% |
| Symbol | Tienlen |
Tienlen Steel '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 Tienlen Steel'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 Tienlen Steel.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Tienlen Steel on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Tienlen Steel Corp or generate 0.0% return on investment in Tienlen Steel over 720 days. Tienlen Steel is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Tienlen Steel 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 Tienlen Steel'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 Tienlen Steel Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 1.84 |
Tienlen Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tienlen Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tienlen Steel's standard deviation. In reality, there are many statistical measures that can use Tienlen Steel historical prices to predict the future Tienlen Steel's volatility.| Risk Adjusted Performance | (0.27) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (3.34) |
Tienlen Steel Corp Backtested Returns
Tienlen Steel Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.32, which indicates the firm had a -0.32% return per unit of risk over the last 3 months. Tienlen Steel Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tienlen Steel's Variance of 1.68, risk adjusted performance of (0.27), and Coefficient Of Variation of (282.09) to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tienlen Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tienlen Steel is expected to be smaller as well. At this point, Tienlen Steel Corp has a negative expected return of -0.41%. Please make sure to validate Tienlen Steel's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Tienlen Steel Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Tienlen Steel Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Tienlen Steel time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Tienlen Steel Corp price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Tienlen Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 M |
Tienlen Steel Corp lagged returns against current returns
Autocorrelation, which is Tienlen Steel 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 Tienlen Steel's stock expected returns. We can calculate the autocorrelation of Tienlen Steel returns to help us make a trade decision. For example, suppose you find that Tienlen Steel 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 |
Tienlen Steel 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 Tienlen Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tienlen Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tienlen Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Tienlen Steel Lagged Returns
When evaluating Tienlen Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tienlen Steel stock have on its future price. Tienlen Steel 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, Tienlen Steel autocorrelation shows the relationship between Tienlen Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Tienlen Steel Corp.
Regressed Prices |
| Timeline |
Pair Trading with Tienlen Steel
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 Tienlen Steel 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 Tienlen Steel will appreciate offsetting losses from the drop in the long position's value.Moving together with Tienlen Stock
| 0.91 | ADS | Damsan JSC | PairCorr |
| 0.91 | AAA | An Phat Plastic | PairCorr |
| 0.82 | AME | Alphanam ME | PairCorr |
| 0.7 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Tienlen Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tienlen Steel 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 Tienlen Steel - 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 Tienlen Steel Corp to buy it.
The correlation of Tienlen Steel 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 Tienlen Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tienlen Steel Corp 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 Tienlen Steel 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 Tienlen Stock
Tienlen Steel financial ratios help investors to determine whether Tienlen 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 Tienlen with respect to the benefits of owning Tienlen Steel security.