Vietnam Rubber (Vietnam) Market Value
| GVR Stock | 31,650 200.00 0.64% |
| Symbol | Vietnam |
Vietnam 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 Vietnam 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 Vietnam Rubber.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Vietnam Rubber on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Vietnam Rubber Group or generate 0.0% return on investment in Vietnam Rubber over 210 days. Vietnam Rubber is related to or competes with Elcom Technology, Saigon Viendong, Tien Giang, FPT Digital, Ha Long, and Vu Dang. More
Vietnam 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 Vietnam 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 Vietnam Rubber Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.37 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 2.23 |
Vietnam Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam Rubber's standard deviation. In reality, there are many statistical measures that can use Vietnam Rubber historical prices to predict the future Vietnam Rubber's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.61) |
Vietnam Rubber Group Backtested Returns
Vietnam Rubber Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0782, which indicates the firm had a -0.0782% return per unit of risk over the last 3 months. Vietnam Rubber Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vietnam Rubber's Variance of 2.41, coefficient of variation of (1,607), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vietnam Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vietnam Rubber is expected to be smaller as well. At this point, Vietnam Rubber Group has a negative expected return of -0.12%. Please make sure to validate Vietnam Rubber's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Vietnam Rubber Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Vietnam Rubber Group has weak predictability. Overlapping area represents the amount of predictability between Vietnam Rubber time series from 16th of May 2024 to 29th of August 2024 and 29th of August 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 Vietnam Rubber Group price movement. The serial correlation of 0.23 indicates that over 23.0% of current Vietnam Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 3.1 M |
Vietnam Rubber Group lagged returns against current returns
Autocorrelation, which is Vietnam 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 Vietnam Rubber's stock expected returns. We can calculate the autocorrelation of Vietnam Rubber returns to help us make a trade decision. For example, suppose you find that Vietnam 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 |
Vietnam 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 Vietnam Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam Rubber Lagged Returns
When evaluating Vietnam Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam Rubber stock have on its future price. Vietnam 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, Vietnam Rubber autocorrelation shows the relationship between Vietnam Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam Rubber Group.
Regressed Prices |
| Timeline |
Pair Trading with Vietnam 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 Vietnam 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 Vietnam Rubber will appreciate offsetting losses from the drop in the long position's value.Moving together with Vietnam Stock
| 0.61 | FIT | FIT INVEST JSC | PairCorr |
| 0.92 | ADS | Damsan JSC | PairCorr |
| 0.88 | AAA | An Phat Plastic | PairCorr |
| 0.76 | AME | Alphanam ME | PairCorr |
| 0.75 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Vietnam 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 Vietnam 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 Vietnam 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 Vietnam Rubber Group to buy it.
The correlation of Vietnam 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 Vietnam Rubber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam Rubber Group 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 Vietnam 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 Vietnam Stock
Vietnam Rubber financial ratios help investors to determine whether Vietnam 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 Vietnam with respect to the benefits of owning Vietnam Rubber security.