Viet Thanh (Vietnam) Market Value
| VTZ Stock | 17,000 400.00 2.41% |
| Symbol | Viet |
Viet Thanh '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 Viet Thanh'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 Viet Thanh.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Viet Thanh on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Viet Thanh Plastic or generate 0.0% return on investment in Viet Thanh over 30 days. Viet Thanh is related to or competes with PVI Reinsurance, Riverway Management, CEO Group, Ducgiang Chemicals, PetroVietnam Drilling, Innovative Technology, and Post. More
Viet Thanh 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 Viet Thanh'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 Viet Thanh Plastic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0561 | |||
| Maximum Drawdown | 10.7 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 5.1 |
Viet Thanh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viet Thanh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viet Thanh's standard deviation. In reality, there are many statistical measures that can use Viet Thanh historical prices to predict the future Viet Thanh's volatility.| Risk Adjusted Performance | 0.095 | |||
| Jensen Alpha | 0.2038 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | 0.6123 |
Viet Thanh Plastic Backtested Returns
Viet Thanh appears to be very steady, given 3 months investment horizon. Viet Thanh Plastic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Viet Thanh Plastic, which you can use to evaluate the volatility of the company. Please review Viet Thanh's Coefficient Of Variation of 865.35, semi deviation of 1.73, and Risk Adjusted Performance of 0.095 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Viet Thanh holds a performance score of 10. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Viet Thanh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Viet Thanh is expected to be smaller as well. Please check Viet Thanh's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Viet Thanh's existing price patterns will revert.
Auto-correlation | -0.86 |
Excellent reverse predictability
Viet Thanh Plastic has excellent reverse predictability. Overlapping area represents the amount of predictability between Viet Thanh time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Viet Thanh Plastic price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Viet Thanh price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 354.1 K |
Viet Thanh Plastic lagged returns against current returns
Autocorrelation, which is Viet Thanh 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 Viet Thanh's stock expected returns. We can calculate the autocorrelation of Viet Thanh returns to help us make a trade decision. For example, suppose you find that Viet Thanh 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 |
Viet Thanh 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 Viet Thanh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viet Thanh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viet Thanh stock over time.
Current vs Lagged Prices |
| Timeline |
Viet Thanh Lagged Returns
When evaluating Viet Thanh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viet Thanh stock have on its future price. Viet Thanh 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, Viet Thanh autocorrelation shows the relationship between Viet Thanh stock current value and its past values and can show if there is a momentum factor associated with investing in Viet Thanh Plastic.
Regressed Prices |
| Timeline |
Pair Trading with Viet Thanh
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 Viet Thanh 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 Viet Thanh will appreciate offsetting losses from the drop in the long position's value.Moving against Viet Stock
| 0.56 | AME | Alphanam ME | PairCorr |
| 0.49 | APG | APG Securities Joint | PairCorr |
| 0.45 | ABS | Binhthuan Agriculture | PairCorr |
| 0.35 | AAA | An Phat Plastic | PairCorr |
| 0.35 | ABT | Bentre Aquaproduct Import | PairCorr |
The ability to find closely correlated positions to Viet Thanh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Viet Thanh 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 Viet Thanh - 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 Viet Thanh Plastic to buy it.
The correlation of Viet Thanh 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 Viet Thanh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viet Thanh Plastic 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 Viet Thanh 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 Viet Stock
Viet Thanh financial ratios help investors to determine whether Viet 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 Viet with respect to the benefits of owning Viet Thanh security.