Vina2 Investment (Vietnam) Market Value
| VC2 Stock | 8,500 100.00 1.19% |
| Symbol | Vina2 |
Vina2 Investment '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 Vina2 Investment'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 Vina2 Investment.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Vina2 Investment on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Vina2 Investment and or generate 0.0% return on investment in Vina2 Investment over 90 days. Vina2 Investment is related to or competes with Hochiminh City, Vietnam Petroleum, Pha Lai, Investment, and PetroVietnam Transportation. More
Vina2 Investment 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 Vina2 Investment'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 Vina2 Investment and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0305 | |||
| Maximum Drawdown | 14.81 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.53 |
Vina2 Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vina2 Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vina2 Investment's standard deviation. In reality, there are many statistical measures that can use Vina2 Investment historical prices to predict the future Vina2 Investment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.3487 | |||
| Treynor Ratio | 1.1 |
Vina2 Investment Backtested Returns
Vina2 Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0845, which indicates the firm had a -0.0845 % return per unit of risk over the last 3 months. Vina2 Investment and exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vina2 Investment's Coefficient Of Variation of (4,324), variance of 6.09, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of -0.0612, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vina2 Investment are expected to decrease at a much lower rate. During the bear market, Vina2 Investment is likely to outperform the market. At this point, Vina2 Investment has a negative expected return of -0.18%. Please make sure to validate Vina2 Investment's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Vina2 Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Vina2 Investment and has good predictability. Overlapping area represents the amount of predictability between Vina2 Investment time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Vina2 Investment price movement. The serial correlation of 0.78 indicates that around 78.0% of current Vina2 Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 76 K |
Vina2 Investment lagged returns against current returns
Autocorrelation, which is Vina2 Investment 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 Vina2 Investment's stock expected returns. We can calculate the autocorrelation of Vina2 Investment returns to help us make a trade decision. For example, suppose you find that Vina2 Investment 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 |
Vina2 Investment 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 Vina2 Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vina2 Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vina2 Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Vina2 Investment Lagged Returns
When evaluating Vina2 Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vina2 Investment stock have on its future price. Vina2 Investment 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, Vina2 Investment autocorrelation shows the relationship between Vina2 Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Vina2 Investment and.
Regressed Prices |
| Timeline |
Pair Trading with Vina2 Investment
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 Vina2 Investment 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 Vina2 Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Vina2 Stock
Moving against Vina2 Stock
The ability to find closely correlated positions to Vina2 Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vina2 Investment 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 Vina2 Investment - 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 Vina2 Investment and to buy it.
The correlation of Vina2 Investment 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 Vina2 Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vina2 Investment 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 Vina2 Investment 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 Vina2 Stock
Vina2 Investment financial ratios help investors to determine whether Vina2 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 Vina2 with respect to the benefits of owning Vina2 Investment security.