Hanoi Beer (Vietnam) Market Value

BHN Stock   37,250  750.00  2.05%   
Hanoi Beer's market value is the price at which a share of Hanoi Beer trades on a public exchange. It measures the collective expectations of Hanoi Beer Alcohol investors about its performance. Hanoi Beer is selling at 37250.00 as of the 22nd of December 2024; that is 2.05 percent increase since the beginning of the trading day. The stock's open price was 36500.0.
With this module, you can estimate the performance of a buy and hold strategy of Hanoi Beer Alcohol and determine expected loss or profit from investing in Hanoi Beer over a given investment horizon. Check out Hanoi Beer Correlation, Hanoi Beer Volatility and Hanoi Beer Alpha and Beta module to complement your research on Hanoi Beer.
Symbol

Please note, there is a significant difference between Hanoi Beer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanoi Beer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanoi Beer's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hanoi Beer '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 Hanoi Beer'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 Hanoi Beer.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Hanoi Beer on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Hanoi Beer Alcohol or generate 0.0% return on investment in Hanoi Beer over 60 days. Hanoi Beer is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More

Hanoi Beer 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 Hanoi Beer'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 Hanoi Beer Alcohol upside and downside potential and time the market with a certain degree of confidence.

Hanoi Beer Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanoi Beer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanoi Beer's standard deviation. In reality, there are many statistical measures that can use Hanoi Beer historical prices to predict the future Hanoi Beer's volatility.
Hype
Prediction
LowEstimatedHigh
37,24937,25037,251
Details
Intrinsic
Valuation
LowRealHigh
33,52537,62537,626
Details
Naive
Forecast
LowNextHigh
36,88736,88936,890
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
36,59937,94639,294
Details

Hanoi Beer Alcohol Backtested Returns

Hanoi Beer Alcohol holds Efficiency (Sharpe) Ratio of -0.0257, which attests that the entity had a -0.0257% return per unit of risk over the last 3 months. Hanoi Beer Alcohol exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hanoi Beer's Market Risk Adjusted Performance of (0.11), standard deviation of 1.21, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hanoi Beer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanoi Beer is expected to be smaller as well. At this point, Hanoi Beer Alcohol has a negative expected return of -0.034%. Please make sure to check out Hanoi Beer's treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if Hanoi Beer Alcohol performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

Hanoi Beer Alcohol has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hanoi Beer time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Hanoi Beer Alcohol price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Hanoi Beer price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test-0.23
Residual Average0.0
Price Variance449.1 K

Hanoi Beer Alcohol lagged returns against current returns

Autocorrelation, which is Hanoi Beer 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 Hanoi Beer's stock expected returns. We can calculate the autocorrelation of Hanoi Beer returns to help us make a trade decision. For example, suppose you find that Hanoi Beer 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  

Hanoi Beer 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 Hanoi Beer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanoi Beer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanoi Beer stock over time.
   Current vs Lagged Prices   
       Timeline  

Hanoi Beer Lagged Returns

When evaluating Hanoi Beer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanoi Beer stock have on its future price. Hanoi Beer 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, Hanoi Beer autocorrelation shows the relationship between Hanoi Beer stock current value and its past values and can show if there is a momentum factor associated with investing in Hanoi Beer Alcohol.
   Regressed Prices   
       Timeline  

Pair Trading with Hanoi Beer

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 Hanoi Beer 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 Hanoi Beer will appreciate offsetting losses from the drop in the long position's value.

Moving against Hanoi Stock

  0.59JVC Japan Vietnam MedicalPairCorr
  0.43TVT Viet Thang CorpPairCorr
  0.35ADS Damsan JSCPairCorr
  0.34AAA An Phat PlasticPairCorr
  0.33ABS Binhthuan AgriculturePairCorr
The ability to find closely correlated positions to Hanoi Beer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanoi Beer 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 Hanoi Beer - 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 Hanoi Beer Alcohol to buy it.
The correlation of Hanoi Beer 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 Hanoi Beer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanoi Beer Alcohol 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 Hanoi Beer 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Hanoi Stock

Hanoi Beer financial ratios help investors to determine whether Hanoi 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 Hanoi with respect to the benefits of owning Hanoi Beer security.