Thu Duc (Vietnam) Market Value
| TMC Stock | 8,600 100.00 1.15% |
| Symbol | Thu |
Thu Duc '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 Thu Duc'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 Thu Duc.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Thu Duc on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Thu Duc TradingImport or generate 0.0% return on investment in Thu Duc over 720 days.
Thu Duc 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 Thu Duc'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 Thu Duc TradingImport upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.28 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 3.9 |
Thu Duc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thu Duc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thu Duc's standard deviation. In reality, there are many statistical measures that can use Thu Duc historical prices to predict the future Thu Duc's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.99) |
Thu Duc TradingImport Backtested Returns
As of now, Thu Stock is very steady. Thu Duc TradingImport owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0822, which indicates the firm had a 0.0822% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Thu Duc TradingImport, which you can use to evaluate the volatility of the company. Please validate Thu Duc's Risk Adjusted Performance of (0.04), coefficient of variation of (1,758), and Variance of 6.78 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Thu Duc has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thu Duc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thu Duc is expected to be smaller as well. Thu Duc TradingImport right now has a risk of 1.86%. Please validate Thu Duc accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Thu Duc will be following its existing price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Thu Duc TradingImport has insignificant predictability. Overlapping area represents the amount of predictability between Thu Duc time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 Thu Duc TradingImport price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Thu Duc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 217.3 K |
Thu Duc TradingImport lagged returns against current returns
Autocorrelation, which is Thu Duc 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 Thu Duc's stock expected returns. We can calculate the autocorrelation of Thu Duc returns to help us make a trade decision. For example, suppose you find that Thu Duc 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 |
Thu Duc 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 Thu Duc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thu Duc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thu Duc stock over time.
Current vs Lagged Prices |
| Timeline |
Thu Duc Lagged Returns
When evaluating Thu Duc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thu Duc stock have on its future price. Thu Duc 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, Thu Duc autocorrelation shows the relationship between Thu Duc stock current value and its past values and can show if there is a momentum factor associated with investing in Thu Duc TradingImport.
Regressed Prices |
| Timeline |
Pair Trading with Thu Duc
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 Thu Duc 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 Thu Duc will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Thu Duc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thu Duc 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 Thu Duc - 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 Thu Duc TradingImport to buy it.
The correlation of Thu Duc 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 Thu Duc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thu Duc TradingImport 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 Thu Duc 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.