Vietnam Construction (Vietnam) Market Value
| VC3 Stock | 27,200 100.00 0.37% |
| Symbol | Vietnam |
Vietnam Construction '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 Vietnam Construction'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 Vietnam Construction.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Vietnam Construction on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Vietnam Construction JSC or generate 0.0% return on investment in Vietnam Construction over 90 days. Vietnam Construction is related to or competes with Binh Minh, Sao Vang, Construction, Travel Investment, Danang Education, Petrolimex International, and Materials Petroleum. More
Vietnam Construction 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 Vietnam Construction'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 Vietnam Construction JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0816 | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.08 |
Vietnam Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam Construction's standard deviation. In reality, there are many statistical measures that can use Vietnam Construction historical prices to predict the future Vietnam Construction's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.0202 | |||
| Treynor Ratio | (6.24) |
Vietnam Construction JSC Backtested Returns
Vietnam Construction JSC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0769, which indicates the firm had a -0.0769 % return per unit of risk over the last 3 months. Vietnam Construction JSC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vietnam Construction's Risk Adjusted Performance of (0.07), coefficient of variation of (1,301), and Variance of 0.3907 to confirm the risk estimate we provide. The entity has a beta of 0.0093, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vietnam Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vietnam Construction is expected to be smaller as well. At this point, Vietnam Construction JSC has a negative expected return of -0.048%. Please make sure to validate Vietnam Construction's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Vietnam Construction JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Vietnam Construction JSC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Vietnam Construction time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Vietnam Construction JSC price movement. The serial correlation of -0.17 indicates that over 17.0% of current Vietnam Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 50.8 K |
Vietnam Construction JSC lagged returns against current returns
Autocorrelation, which is Vietnam Construction 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 Vietnam Construction's stock expected returns. We can calculate the autocorrelation of Vietnam Construction returns to help us make a trade decision. For example, suppose you find that Vietnam Construction 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 |
Vietnam Construction 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 Vietnam Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam Construction Lagged Returns
When evaluating Vietnam Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam Construction stock have on its future price. Vietnam Construction 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, Vietnam Construction autocorrelation shows the relationship between Vietnam Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam Construction JSC.
Regressed Prices |
| Timeline |
Pair Trading with Vietnam Construction
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 Vietnam Construction 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 Vietnam Construction will appreciate offsetting losses from the drop in the long position's value.Moving against Vietnam Stock
The ability to find closely correlated positions to Vietnam Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vietnam Construction 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 Vietnam Construction - 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 Vietnam Construction JSC to buy it.
The correlation of Vietnam Construction 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 Vietnam Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam Construction JSC 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 Vietnam Construction 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 Vietnam Stock
Vietnam Construction financial ratios help investors to determine whether Vietnam 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 Vietnam with respect to the benefits of owning Vietnam Construction security.