Yen Bai (Vietnam) Market Value
| CAP Stock | 45,000 300.00 0.67% |
| Symbol | Yen |
Yen Bai '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 Yen Bai'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 Yen Bai.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Yen Bai on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Yen Bai Forest or generate 0.0% return on investment in Yen Bai over 180 days.
Yen Bai 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 Yen Bai'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 Yen Bai Forest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.18 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.09 |
Yen Bai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yen Bai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yen Bai's standard deviation. In reality, there are many statistical measures that can use Yen Bai historical prices to predict the future Yen Bai's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.74) |
Yen Bai Forest Backtested Returns
Yen Bai Forest shows Sharpe Ratio of -0.0679, which attests that the company had a -0.0679% return per unit of risk over the last 3 months. Yen Bai Forest exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yen Bai's Standard Deviation of 1.52, market risk adjusted performance of (0.73), and Mean Deviation of 0.8852 to validate the risk estimate we provide. The firm maintains a market beta of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yen Bai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yen Bai is expected to be smaller as well. At this point, Yen Bai Forest has a negative expected return of -0.1%. Please make sure to check out Yen Bai's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Yen Bai Forest performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Yen Bai Forest has good predictability. Overlapping area represents the amount of predictability between Yen Bai time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Yen Bai Forest price movement. The serial correlation of 0.78 indicates that around 78.0% of current Yen Bai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 6.4 M |
Yen Bai Forest lagged returns against current returns
Autocorrelation, which is Yen Bai 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 Yen Bai's stock expected returns. We can calculate the autocorrelation of Yen Bai returns to help us make a trade decision. For example, suppose you find that Yen Bai 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 |
Yen Bai 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 Yen Bai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yen Bai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yen Bai stock over time.
Current vs Lagged Prices |
| Timeline |
Yen Bai Lagged Returns
When evaluating Yen Bai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yen Bai stock have on its future price. Yen Bai 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, Yen Bai autocorrelation shows the relationship between Yen Bai stock current value and its past values and can show if there is a momentum factor associated with investing in Yen Bai Forest.
Regressed Prices |
| Timeline |
Pair Trading with Yen Bai
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 Yen Bai 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 Yen Bai will appreciate offsetting losses from the drop in the long position's value.Moving against Yen Stock
| 0.76 | ELC | Elcom Technology Com | PairCorr |
| 0.75 | FPT | FPT Corp | PairCorr |
| 0.73 | BCF | Bich Chi Food | PairCorr |
| 0.61 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.54 | CSV | South Basic Chemicals | PairCorr |
The ability to find closely correlated positions to Yen Bai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yen Bai 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 Yen Bai - 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 Yen Bai Forest to buy it.
The correlation of Yen Bai 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 Yen Bai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yen Bai Forest 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 Yen Bai 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.