TVD (Vietnam) Market Value
| TVD Stock | 12,800 500.00 4.07% |
| Symbol | TVD |
TVD '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 TVD'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 TVD.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in TVD on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding TVD or generate 0.0% return on investment in TVD over 720 days.
TVD 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 TVD'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 TVD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.1398 | |||
| Maximum Drawdown | 15.03 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 4.0 |
TVD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TVD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TVD's standard deviation. In reality, there are many statistical measures that can use TVD historical prices to predict the future TVD's volatility.| Risk Adjusted Performance | 0.1094 | |||
| Jensen Alpha | 0.3151 | |||
| Total Risk Alpha | 0.3115 | |||
| Sortino Ratio | 0.1279 | |||
| Treynor Ratio | (2.04) |
TVD Backtested Returns
TVD appears to be very steady, given 3 months investment horizon. TVD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for TVD, which you can use to evaluate the volatility of the company. Please review TVD's risk adjusted performance of 0.1094, and Coefficient Of Variation of 690.67 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TVD holds a performance score of 14. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TVD are expected to decrease at a much lower rate. During the bear market, TVD is likely to outperform the market. Please check TVD's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether TVD's existing price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
TVD has modest predictability. Overlapping area represents the amount of predictability between TVD time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th 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 TVD price movement. The serial correlation of 0.52 indicates that about 52.0% of current TVD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1 M |
TVD lagged returns against current returns
Autocorrelation, which is TVD 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 TVD's stock expected returns. We can calculate the autocorrelation of TVD returns to help us make a trade decision. For example, suppose you find that TVD 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 |
TVD 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 TVD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TVD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TVD stock over time.
Current vs Lagged Prices |
| Timeline |
TVD Lagged Returns
When evaluating TVD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TVD stock have on its future price. TVD 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, TVD autocorrelation shows the relationship between TVD stock current value and its past values and can show if there is a momentum factor associated with investing in TVD.
Regressed Prices |
| Timeline |
Pair Trading with TVD
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 TVD 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 TVD will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TVD could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TVD 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 TVD - 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 TVD to buy it.
The correlation of TVD 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 TVD moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TVD 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 TVD 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.