Southern Rubber (Vietnam) Market Value
| CSM Stock | 15,600 100.00 0.64% |
| Symbol | Southern |
Southern Rubber '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 Southern Rubber'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 Southern Rubber.
| 11/29/2024 |
| 12/29/2024 |
If you would invest 0.00 in Southern Rubber on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Rubber Industry or generate 0.0% return on investment in Southern Rubber over 30 days. Southern Rubber is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Southern Rubber 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 Southern Rubber'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 Southern Rubber Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.149 | |||
| Maximum Drawdown | 10.77 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 6.44 |
Southern Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Rubber's standard deviation. In reality, there are many statistical measures that can use Southern Rubber historical prices to predict the future Southern Rubber's volatility.| Risk Adjusted Performance | 0.1363 | |||
| Jensen Alpha | 0.3553 | |||
| Total Risk Alpha | 0.3059 | |||
| Sortino Ratio | 0.1891 | |||
| Treynor Ratio | 0.5217 |
Southern Rubber Industry Backtested Returns
Southern Rubber appears to be very steady, given 3 months investment horizon. Southern Rubber Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Southern Rubber Industry, which you can use to evaluate the volatility of the company. Please review Southern Rubber's Risk Adjusted Performance of 0.1363, coefficient of variation of 614.64, and Semi Deviation of 1.37 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Southern Rubber holds a performance score of 13. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Southern Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Southern Rubber is expected to be smaller as well. Please check Southern Rubber's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Southern Rubber's existing price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Southern Rubber Industry has very good predictability. Overlapping area represents the amount of predictability between Southern Rubber time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 Southern Rubber Industry price movement. The serial correlation of 0.8 indicates that around 80.0% of current Southern Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 508.7 K |
Southern Rubber Industry lagged returns against current returns
Autocorrelation, which is Southern Rubber 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 Southern Rubber's stock expected returns. We can calculate the autocorrelation of Southern Rubber returns to help us make a trade decision. For example, suppose you find that Southern Rubber 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 |
Southern Rubber 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 Southern Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Rubber Lagged Returns
When evaluating Southern Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Rubber stock have on its future price. Southern Rubber 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, Southern Rubber autocorrelation shows the relationship between Southern Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Rubber Industry.
Regressed Prices |
| Timeline |
Pair Trading with Southern Rubber
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 Southern Rubber 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 Southern Rubber will appreciate offsetting losses from the drop in the long position's value.Moving against Southern Stock
| 0.77 | APG | APG Securities Joint | PairCorr |
| 0.71 | AME | Alphanam ME | PairCorr |
| 0.47 | FIT | FIT INVEST JSC | PairCorr |
| 0.45 | ADS | Damsan JSC | PairCorr |
| 0.42 | ABT | Bentre Aquaproduct Import | PairCorr |
The ability to find closely correlated positions to Southern Rubber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern Rubber 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 Southern Rubber - 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 Southern Rubber Industry to buy it.
The correlation of Southern Rubber 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 Southern Rubber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern Rubber Industry 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 Southern Rubber 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 Southern Stock
Southern Rubber financial ratios help investors to determine whether Southern 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 Southern with respect to the benefits of owning Southern Rubber security.