Foreign Trade (Vietnam) Market Value
| FDC Stock | 16,800 100.00 0.59% |
| Symbol | Foreign |
Foreign Trade '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 Foreign Trade'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 Foreign Trade.
| 01/08/2023 |
| 12/28/2024 |
If you would invest 0.00 in Foreign Trade on January 8, 2023 and sell it all today you would earn a total of 0.00 from holding Foreign Trade Development or generate 0.0% return on investment in Foreign Trade over 720 days. Foreign Trade is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Foreign Trade 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 Foreign Trade'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 Foreign Trade Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.58 | |||
| Information Ratio | 0.0921 | |||
| Maximum Drawdown | 13.96 | |||
| Value At Risk | (6.80) | |||
| Potential Upside | 6.92 |
Foreign Trade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foreign Trade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foreign Trade's standard deviation. In reality, there are many statistical measures that can use Foreign Trade historical prices to predict the future Foreign Trade's volatility.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.4582 | |||
| Total Risk Alpha | 0.3295 | |||
| Sortino Ratio | 0.0789 | |||
| Treynor Ratio | 2.38 |
Foreign Trade Development Backtested Returns
Foreign Trade appears to be very steady, given 3 months investment horizon. Foreign Trade Development secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By reviewing Foreign Trade's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Foreign Trade's Mean Deviation of 3.86, coefficient of variation of 1011.33, and Downside Deviation of 5.58 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Foreign Trade holds a performance score of 10. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Foreign Trade's returns are expected to increase less than the market. However, during the bear market, the loss of holding Foreign Trade is expected to be smaller as well. Please check Foreign Trade's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Foreign Trade's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Foreign Trade Development has poor predictability. Overlapping area represents the amount of predictability between Foreign Trade time series from 8th of January 2023 to 3rd of January 2024 and 3rd of January 2024 to 28th 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 Foreign Trade Development price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Foreign Trade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 3.4 M |
Foreign Trade Development lagged returns against current returns
Autocorrelation, which is Foreign Trade 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 Foreign Trade's stock expected returns. We can calculate the autocorrelation of Foreign Trade returns to help us make a trade decision. For example, suppose you find that Foreign Trade 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 |
Foreign Trade 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 Foreign Trade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foreign Trade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foreign Trade stock over time.
Current vs Lagged Prices |
| Timeline |
Foreign Trade Lagged Returns
When evaluating Foreign Trade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foreign Trade stock have on its future price. Foreign Trade 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, Foreign Trade autocorrelation shows the relationship between Foreign Trade stock current value and its past values and can show if there is a momentum factor associated with investing in Foreign Trade Development.
Regressed Prices |
| Timeline |
Pair Trading with Foreign Trade
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 Foreign Trade 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 Foreign Trade will appreciate offsetting losses from the drop in the long position's value.Moving against Foreign Stock
| 0.64 | APG | APG Securities Joint | PairCorr |
| 0.62 | AME | Alphanam ME | PairCorr |
| 0.61 | FIT | FIT INVEST JSC | PairCorr |
| 0.6 | ADS | Damsan JSC | PairCorr |
| 0.52 | AAA | An Phat Plastic | PairCorr |
The ability to find closely correlated positions to Foreign Trade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foreign Trade 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 Foreign Trade - 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 Foreign Trade Development to buy it.
The correlation of Foreign Trade 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 Foreign Trade moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foreign Trade Development 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 Foreign Trade 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 Foreign Stock
Foreign Trade financial ratios help investors to determine whether Foreign 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 Foreign with respect to the benefits of owning Foreign Trade security.