Vietnam National (Vietnam) Market Value
| VNR Stock | 21,600 100.00 0.46% |
| Symbol | Vietnam |
Vietnam National '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 National'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 National.
| 09/15/2024 |
| 12/14/2024 |
If you would invest 0.00 in Vietnam National on September 15, 2024 and sell it all today you would earn a total of 0.00 from holding Vietnam National Reinsurance or generate 0.0% return on investment in Vietnam National over 90 days. Vietnam National is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Vietnam National 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 National'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 National Reinsurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.13 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 1.3 |
Vietnam National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam National's standard deviation. In reality, there are many statistical measures that can use Vietnam National historical prices to predict the future Vietnam National's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.564 |
Vietnam National Rei Backtested Returns
Vietnam National Rei owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0234, which indicates the firm had a -0.0234% return per unit of risk over the last 3 months. Vietnam National Reinsurance exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vietnam National's Coefficient Of Variation of (2,034), risk adjusted performance of (0.03), and Variance of 0.9499 to confirm the risk estimate we provide. The entity has a beta of -0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vietnam National are expected to decrease at a much lower rate. During the bear market, Vietnam National is likely to outperform the market. At this point, Vietnam National Rei has a negative expected return of -0.0187%. Please make sure to validate Vietnam National's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Vietnam National Rei performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Vietnam National Reinsurance has very good reverse predictability. Overlapping area represents the amount of predictability between Vietnam National time series from 15th of September 2024 to 30th of October 2024 and 30th of October 2024 to 14th of December 2024. 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 National Rei price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Vietnam National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 138 K |
Vietnam National Rei lagged returns against current returns
Autocorrelation, which is Vietnam National 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 National's stock expected returns. We can calculate the autocorrelation of Vietnam National returns to help us make a trade decision. For example, suppose you find that Vietnam National 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 National 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 National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam National stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam National Lagged Returns
When evaluating Vietnam National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam National stock have on its future price. Vietnam National 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 National autocorrelation shows the relationship between Vietnam National stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam National Reinsurance.
Regressed Prices |
| Timeline |
Pair Trading with Vietnam National
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 National 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 National will appreciate offsetting losses from the drop in the long position's value.Moving together with Vietnam Stock
The ability to find closely correlated positions to Vietnam National 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 National 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 National - 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 National Reinsurance to buy it.
The correlation of Vietnam National 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 National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam National Rei 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 National 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 National 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 National security.