Danang Rubber (Vietnam) Market Value
| DRC Stock | 29,000 100.00 0.34% |
| Symbol | Danang |
Danang 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 Danang 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 Danang Rubber.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Danang Rubber on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Danang Rubber JSC or generate 0.0% return on investment in Danang Rubber over 30 days. Danang Rubber is related to or competes with Innovative Technology, Vincom Retail, Century Synthetic, Hai An, and Techcom Vietnam. More
Danang 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 Danang 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 Danang Rubber JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.79 |
Danang Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danang Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danang Rubber's standard deviation. In reality, there are many statistical measures that can use Danang Rubber historical prices to predict the future Danang Rubber's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (1.62) |
Danang Rubber JSC Backtested Returns
Danang Rubber JSC secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Danang Rubber JSC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danang Rubber's Variance of 1.58, mean deviation of 0.8679, and Standard Deviation of 1.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, Danang Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Danang Rubber is expected to be smaller as well. At this point, Danang Rubber JSC has a negative expected return of -0.14%. Please make sure to confirm Danang Rubber's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Danang Rubber JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Danang Rubber JSC has very good predictability. Overlapping area represents the amount of predictability between Danang Rubber time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Danang Rubber JSC price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Danang Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 119.3 K |
Danang Rubber JSC lagged returns against current returns
Autocorrelation, which is Danang 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 Danang Rubber's stock expected returns. We can calculate the autocorrelation of Danang Rubber returns to help us make a trade decision. For example, suppose you find that Danang 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 |
Danang 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 Danang Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danang Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danang Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Danang Rubber Lagged Returns
When evaluating Danang Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danang Rubber stock have on its future price. Danang 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, Danang Rubber autocorrelation shows the relationship between Danang Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Danang Rubber JSC.
Regressed Prices |
| Timeline |
Pair Trading with Danang 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 Danang 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 Danang Rubber will appreciate offsetting losses from the drop in the long position's value.Moving together with Danang Stock
The ability to find closely correlated positions to Danang 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 Danang 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 Danang 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 Danang Rubber JSC to buy it.
The correlation of Danang 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 Danang Rubber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danang Rubber JSC 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 Danang 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 Danang Stock
Danang Rubber financial ratios help investors to determine whether Danang 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 Danang with respect to the benefits of owning Danang Rubber security.