Asia Commercial (Vietnam) Market Value
| ACB Stock | 23,550 1,750 6.92% |
| Symbol | Asia |
Asia Commercial '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 Asia Commercial'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 Asia Commercial.
| 12/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Asia Commercial on December 20, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Commercial Bank or generate 0.0% return on investment in Asia Commercial over 360 days. Asia Commercial is related to or competes with Development Investment, Agriculture Printing, Mechanics Construction, 1369 Construction, and Long An. More
Asia Commercial 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 Asia Commercial'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 Asia Commercial Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.55 |
Asia Commercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Commercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Commercial's standard deviation. In reality, there are many statistical measures that can use Asia Commercial historical prices to predict the future Asia Commercial's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.14) |
Asia Commercial Bank Backtested Returns
Asia Commercial Bank secures Sharpe Ratio (or Efficiency) of -0.0229, which signifies that the company had a -0.0229% return per unit of risk over the last 3 months. Asia Commercial Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Commercial's Mean Deviation of 0.7915, risk adjusted performance of (0.02), and Standard Deviation of 1.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asia Commercial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Commercial is expected to be smaller as well. At this point, Asia Commercial Bank has a negative expected return of -0.0301%. Please make sure to confirm Asia Commercial's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Asia Commercial Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Asia Commercial Bank has very weak predictability. Overlapping area represents the amount of predictability between Asia Commercial time series from 20th of December 2023 to 17th of June 2024 and 17th of June 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 Asia Commercial Bank price movement. The serial correlation of 0.18 indicates that over 18.0% of current Asia Commercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 559.5 K |
Asia Commercial Bank lagged returns against current returns
Autocorrelation, which is Asia Commercial 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 Asia Commercial's stock expected returns. We can calculate the autocorrelation of Asia Commercial returns to help us make a trade decision. For example, suppose you find that Asia Commercial 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 |
Asia Commercial 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 Asia Commercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Commercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Commercial stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Commercial Lagged Returns
When evaluating Asia Commercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Commercial stock have on its future price. Asia Commercial 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, Asia Commercial autocorrelation shows the relationship between Asia Commercial stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Commercial Bank.
Regressed Prices |
| Timeline |
Pair Trading with Asia Commercial
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 Asia Commercial 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 Asia Commercial will appreciate offsetting losses from the drop in the long position's value.Moving together with Asia Stock
The ability to find closely correlated positions to Asia Commercial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Commercial 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 Asia Commercial - 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 Asia Commercial Bank to buy it.
The correlation of Asia Commercial 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 Asia Commercial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Commercial Bank 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 Asia Commercial 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 Asia Stock
Asia Commercial financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Commercial security.