Vietnam Maritime (Vietnam) Market Value
| VMS Stock | 21,400 2,100 8.94% |
| Symbol | Vietnam |
Vietnam Maritime '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 Maritime'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 Maritime.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Vietnam Maritime on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Vietnam Maritime Development or generate 0.0% return on investment in Vietnam Maritime over 30 days.
Vietnam Maritime 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 Maritime'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 Maritime Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.93 | |||
| Information Ratio | 0.0224 | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (9.86) | |||
| Potential Upside | 9.84 |
Vietnam Maritime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam Maritime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam Maritime's standard deviation. In reality, there are many statistical measures that can use Vietnam Maritime historical prices to predict the future Vietnam Maritime's volatility.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.1691 | |||
| Total Risk Alpha | 0.1739 | |||
| Sortino Ratio | 0.0213 | |||
| Treynor Ratio | 0.2464 |
Vietnam Maritime Dev Backtested Returns
Vietnam Maritime Dev owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0163, which indicates the firm had a -0.0163% return per unit of risk over the last 3 months. Vietnam Maritime Development exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vietnam Maritime's Risk Adjusted Performance of 0.028, semi deviation of 7.66, and Coefficient Of Variation of 4222.18 to confirm the risk estimate we provide. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vietnam Maritime's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vietnam Maritime is expected to be smaller as well. At this point, Vietnam Maritime Dev has a negative expected return of -0.12%. Please make sure to validate Vietnam Maritime's downside variance, and the relationship between the sortino ratio and daily balance of power , to decide if Vietnam Maritime Dev performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Vietnam Maritime Development has no correlation between past and present. Overlapping area represents the amount of predictability between Vietnam Maritime time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Vietnam Maritime Dev price movement. The serial correlation of 0.0 indicates that just 0.0% of current Vietnam Maritime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 M |
Vietnam Maritime Dev lagged returns against current returns
Autocorrelation, which is Vietnam Maritime 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 Maritime's stock expected returns. We can calculate the autocorrelation of Vietnam Maritime returns to help us make a trade decision. For example, suppose you find that Vietnam Maritime 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 Maritime 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 Maritime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam Maritime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam Maritime stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam Maritime Lagged Returns
When evaluating Vietnam Maritime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam Maritime stock have on its future price. Vietnam Maritime 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 Maritime autocorrelation shows the relationship between Vietnam Maritime stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam Maritime Development.
Regressed Prices |
| Timeline |
Pair Trading with Vietnam Maritime
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 Maritime 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 Maritime will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Vietnam Maritime 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 Maritime 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 Maritime - 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 Maritime Development to buy it.
The correlation of Vietnam Maritime 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 Maritime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam Maritime Dev 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 Maritime 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.