Thanh Dat (Vietnam) Market Value
| DTD Stock | 27,200 100.00 0.37% |
| Symbol | Thanh |
Thanh Dat '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 Thanh Dat'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 Thanh Dat.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Thanh Dat on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Thanh Dat Investment or generate 0.0% return on investment in Thanh Dat over 360 days. Thanh Dat is related to or competes with Tien Giang, Construction, HVC Investment, PV2 Investment, Petrolimex Insurance, and LDG Investment. More
Thanh Dat 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 Thanh Dat'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 Thanh Dat Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.0263 | |||
| Maximum Drawdown | 14.06 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.67 |
Thanh Dat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thanh Dat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thanh Dat's standard deviation. In reality, there are many statistical measures that can use Thanh Dat historical prices to predict the future Thanh Dat's volatility.| Risk Adjusted Performance | 0.068 | |||
| Jensen Alpha | 0.0185 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0314 | |||
| Treynor Ratio | 0.1284 |
Thanh Dat Investment Backtested Returns
As of now, Thanh Stock is very steady. Thanh Dat Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.09, which indicates the firm had a 0.09% return per unit of risk over the last 3 months. We have found thirty technical indicators for Thanh Dat Investment, which you can use to evaluate the volatility of the company. Please validate Thanh Dat's Coefficient Of Variation of 1176.35, risk adjusted performance of 0.068, and Semi Deviation of 1.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Thanh Dat has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 1.33, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Thanh Dat will likely underperform. Thanh Dat Investment right now has a risk of 2.13%. Please validate Thanh Dat value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Thanh Dat will be following its existing price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Thanh Dat Investment has poor reverse predictability. Overlapping area represents the amount of predictability between Thanh Dat time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Thanh Dat Investment price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Thanh Dat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 5.3 M |
Thanh Dat Investment lagged returns against current returns
Autocorrelation, which is Thanh Dat 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 Thanh Dat's stock expected returns. We can calculate the autocorrelation of Thanh Dat returns to help us make a trade decision. For example, suppose you find that Thanh Dat 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 |
Thanh Dat 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 Thanh Dat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thanh Dat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thanh Dat stock over time.
Current vs Lagged Prices |
| Timeline |
Thanh Dat Lagged Returns
When evaluating Thanh Dat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thanh Dat stock have on its future price. Thanh Dat 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, Thanh Dat autocorrelation shows the relationship between Thanh Dat stock current value and its past values and can show if there is a momentum factor associated with investing in Thanh Dat Investment.
Regressed Prices |
| Timeline |
Pair Trading with Thanh Dat
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 Thanh Dat 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 Thanh Dat will appreciate offsetting losses from the drop in the long position's value.Moving against Thanh Stock
| 0.61 | AME | Alphanam ME | PairCorr |
| 0.57 | AAA | An Phat Plastic | PairCorr |
| 0.52 | ADS | Damsan JSC | PairCorr |
| 0.48 | APG | APG Securities Joint | PairCorr |
| 0.43 | AAM | Mekong Fisheries JSC | PairCorr |
The ability to find closely correlated positions to Thanh Dat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thanh Dat 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 Thanh Dat - 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 Thanh Dat Investment to buy it.
The correlation of Thanh Dat 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 Thanh Dat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thanh Dat 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 Thanh Dat 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 Thanh Stock
Thanh Dat financial ratios help investors to determine whether Thanh 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 Thanh with respect to the benefits of owning Thanh Dat security.