DIC Holdings (Vietnam) Market Value
| DC4 Stock | 13,300 250.00 1.85% |
| Symbol | DIC |
DIC Holdings '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 DIC Holdings' 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 DIC Holdings.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in DIC Holdings on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding DIC Holdings Construction or generate 0.0% return on investment in DIC Holdings over 30 days. DIC Holdings is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
DIC Holdings 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 DIC Holdings' 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 DIC Holdings Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | 0.081 | |||
| Maximum Drawdown | 13.78 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 6.64 |
DIC Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIC Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIC Holdings' standard deviation. In reality, there are many statistical measures that can use DIC Holdings historical prices to predict the future DIC Holdings' volatility.| Risk Adjusted Performance | 0.0922 | |||
| Jensen Alpha | 0.3033 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0928 | |||
| Treynor Ratio | 2.25 |
DIC Holdings Construction Backtested Returns
DIC Holdings appears to be very steady, given 3 months investment horizon. DIC Holdings Construction retains Efficiency (Sharpe Ratio) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for DIC Holdings, which you can use to evaluate the volatility of the firm. Please utilize DIC Holdings' Market Risk Adjusted Performance of 2.26, coefficient of variation of 855.29, and Downside Deviation of 2.43 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DIC Holdings holds a performance score of 9. The firm owns a Beta (Systematic Risk) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, DIC Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding DIC Holdings is expected to be smaller as well. Please check DIC Holdings' treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether DIC Holdings' current price history will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
DIC Holdings Construction has almost perfect reverse predictability. Overlapping area represents the amount of predictability between DIC Holdings time series from 14th of November 2024 to 29th of November 2024 and 29th of November 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 DIC Holdings Construction price movement. The serial correlation of -0.77 indicates that around 77.0% of current DIC Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 524.8 K |
DIC Holdings Construction lagged returns against current returns
Autocorrelation, which is DIC Holdings 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 DIC Holdings' stock expected returns. We can calculate the autocorrelation of DIC Holdings returns to help us make a trade decision. For example, suppose you find that DIC Holdings 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 |
DIC Holdings 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 DIC Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIC Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIC Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
DIC Holdings Lagged Returns
When evaluating DIC Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIC Holdings stock have on its future price. DIC Holdings 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, DIC Holdings autocorrelation shows the relationship between DIC Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in DIC Holdings Construction.
Regressed Prices |
| Timeline |
Pair Trading with DIC Holdings
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 DIC Holdings 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 DIC Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against DIC Stock
| 0.74 | AME | Alphanam ME | PairCorr |
| 0.68 | APG | APG Securities Joint | PairCorr |
| 0.67 | ADS | Damsan JSC | PairCorr |
| 0.66 | AAA | An Phat Plastic | PairCorr |
| 0.59 | ABT | Bentre Aquaproduct Import | PairCorr |
The ability to find closely correlated positions to DIC Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DIC Holdings 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 DIC Holdings - 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 DIC Holdings Construction to buy it.
The correlation of DIC Holdings 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 DIC Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DIC Holdings Construction 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 DIC Holdings 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 DIC Stock
DIC Holdings financial ratios help investors to determine whether DIC 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 DIC with respect to the benefits of owning DIC Holdings security.