Fecon Mining (Vietnam) Market Value
| FCM Stock | 3,120 20.00 0.64% |
| Symbol | Fecon |
Fecon Mining '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 Fecon Mining'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 Fecon Mining.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Fecon Mining on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fecon Mining JSC or generate 0.0% return on investment in Fecon Mining over 30 days. Fecon Mining is related to or competes with Saigon Telecommunicatio, Vietnam Dairy, Truong Thanh, Elcom Technology, Dinhvu Port, and MST Investment. More
Fecon Mining 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 Fecon Mining'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 Fecon Mining JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.8 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 1.92 |
Fecon Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fecon Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fecon Mining's standard deviation. In reality, there are many statistical measures that can use Fecon Mining historical prices to predict the future Fecon Mining's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.79) |
Fecon Mining JSC Backtested Returns
Fecon Mining JSC secures Sharpe Ratio (or Efficiency) of -0.0381, which denotes the company had a -0.0381% return per unit of standard deviation over the last 3 months. Fecon Mining JSC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fecon Mining's Coefficient Of Variation of (2,920), standard deviation of 1.19, and Mean Deviation of 0.8316 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0638, which means not very significant fluctuations relative to the market. As returns on the market increase, Fecon Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fecon Mining is expected to be smaller as well. At this point, Fecon Mining JSC has a negative expected return of -0.0452%. Please make sure to confirm Fecon Mining's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Fecon Mining JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Fecon Mining JSC has virtually no predictability. Overlapping area represents the amount of predictability between Fecon Mining 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 Fecon Mining JSC price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Fecon Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 570.25 |
Fecon Mining JSC lagged returns against current returns
Autocorrelation, which is Fecon Mining 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 Fecon Mining's stock expected returns. We can calculate the autocorrelation of Fecon Mining returns to help us make a trade decision. For example, suppose you find that Fecon Mining 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 |
Fecon Mining 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 Fecon Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fecon Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fecon Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Fecon Mining Lagged Returns
When evaluating Fecon Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fecon Mining stock have on its future price. Fecon Mining 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, Fecon Mining autocorrelation shows the relationship between Fecon Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Fecon Mining JSC.
Regressed Prices |
| Timeline |
Pair Trading with Fecon Mining
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 Fecon Mining 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 Fecon Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Fecon Stock
The ability to find closely correlated positions to Fecon Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fecon Mining 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 Fecon Mining - 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 Fecon Mining JSC to buy it.
The correlation of Fecon Mining 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 Fecon Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fecon Mining 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 Fecon Mining 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 Fecon Stock
Fecon Mining financial ratios help investors to determine whether Fecon 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 Fecon with respect to the benefits of owning Fecon Mining security.