FPT Digital (Vietnam) Market Value
| FRT Stock | 181,900 600.00 0.33% |
| Symbol | FPT |
FPT Digital '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 FPT Digital'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 FPT Digital.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in FPT Digital on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding FPT Digital Retail or generate 0.0% return on investment in FPT Digital over 30 days. FPT Digital is related to or competes with Fecon Mining, Vincom Retail, South Basic, and Ducgiang Chemicals. More
FPT Digital 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 FPT Digital'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 FPT Digital Retail upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.887 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.72 |
FPT Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FPT Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FPT Digital's standard deviation. In reality, there are many statistical measures that can use FPT Digital historical prices to predict the future FPT Digital's volatility.| Risk Adjusted Performance | 0.0247 | |||
| Jensen Alpha | 0.0159 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.6559 |
FPT Digital Retail Backtested Returns
As of now, FPT Stock is very steady. FPT Digital Retail secures Sharpe Ratio (or Efficiency) of 0.0508, which denotes the company had a 0.0508% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for FPT Digital Retail, which you can use to evaluate the volatility of the firm. Please confirm FPT Digital's Market Risk Adjusted Performance of 0.6659, mean deviation of 0.6402, and Downside Deviation of 0.887 to check if the risk estimate we provide is consistent with the expected return of 0.0461%. FPT Digital has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0281, which means not very significant fluctuations relative to the market. As returns on the market increase, FPT Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding FPT Digital is expected to be smaller as well. FPT Digital Retail currently shows a risk of 0.91%. Please confirm FPT Digital Retail semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if FPT Digital Retail will be following its price patterns.
Auto-correlation | 0.84 |
Very good predictability
FPT Digital Retail has very good predictability. Overlapping area represents the amount of predictability between FPT Digital 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 FPT Digital Retail price movement. The serial correlation of 0.84 indicates that around 84.0% of current FPT Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 M |
FPT Digital Retail lagged returns against current returns
Autocorrelation, which is FPT Digital 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 FPT Digital's stock expected returns. We can calculate the autocorrelation of FPT Digital returns to help us make a trade decision. For example, suppose you find that FPT Digital 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 |
FPT Digital 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 FPT Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FPT Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FPT Digital stock over time.
Current vs Lagged Prices |
| Timeline |
FPT Digital Lagged Returns
When evaluating FPT Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FPT Digital stock have on its future price. FPT Digital 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, FPT Digital autocorrelation shows the relationship between FPT Digital stock current value and its past values and can show if there is a momentum factor associated with investing in FPT Digital Retail.
Regressed Prices |
| Timeline |
Pair Trading with FPT Digital
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 FPT Digital 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 FPT Digital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to FPT Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FPT Digital 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 FPT Digital - 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 FPT Digital Retail to buy it.
The correlation of FPT Digital 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 FPT Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FPT Digital Retail 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 FPT Digital 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 FPT Stock
FPT Digital financial ratios help investors to determine whether FPT 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 FPT with respect to the benefits of owning FPT Digital security.