Bao Ngoc (Vietnam) Market Value
| BNA Stock | 9,600 100.00 1.03% |
| Symbol | Bao |
Bao Ngoc '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 Bao Ngoc'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 Bao Ngoc.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Bao Ngoc on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Bao Ngoc Investment or generate 0.0% return on investment in Bao Ngoc over 30 days. Bao Ngoc is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Bao Ngoc 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 Bao Ngoc'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 Bao Ngoc Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.84 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.13 |
Bao Ngoc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bao Ngoc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bao Ngoc's standard deviation. In reality, there are many statistical measures that can use Bao Ngoc historical prices to predict the future Bao Ngoc's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.06) |
Bao Ngoc Investment Backtested Returns
Bao Ngoc Investment secures Sharpe Ratio (or Efficiency) of -0.0166, which signifies that the company had a -0.0166% return per unit of risk over the last 3 months. Bao Ngoc Investment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bao Ngoc's Standard Deviation of 1.93, mean deviation of 1.24, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bao Ngoc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bao Ngoc is expected to be smaller as well. At this point, Bao Ngoc Investment has a negative expected return of -0.0323%. Please make sure to confirm Bao Ngoc's maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Bao Ngoc Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Bao Ngoc Investment has virtually no predictability. Overlapping area represents the amount of predictability between Bao Ngoc time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Bao Ngoc Investment price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Bao Ngoc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 9166.67 |
Bao Ngoc Investment lagged returns against current returns
Autocorrelation, which is Bao Ngoc 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 Bao Ngoc's stock expected returns. We can calculate the autocorrelation of Bao Ngoc returns to help us make a trade decision. For example, suppose you find that Bao Ngoc 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 |
Bao Ngoc 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 Bao Ngoc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bao Ngoc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bao Ngoc stock over time.
Current vs Lagged Prices |
| Timeline |
Bao Ngoc Lagged Returns
When evaluating Bao Ngoc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bao Ngoc stock have on its future price. Bao Ngoc 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, Bao Ngoc autocorrelation shows the relationship between Bao Ngoc stock current value and its past values and can show if there is a momentum factor associated with investing in Bao Ngoc Investment.
Regressed Prices |
| Timeline |
Pair Trading with Bao Ngoc
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 Bao Ngoc 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 Bao Ngoc will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bao Ngoc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bao Ngoc 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 Bao Ngoc - 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 Bao Ngoc Investment to buy it.
The correlation of Bao Ngoc 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 Bao Ngoc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bao Ngoc Investment 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 Bao Ngoc 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 Bao Stock
Bao Ngoc financial ratios help investors to determine whether Bao 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 Bao with respect to the benefits of owning Bao Ngoc security.