Song Hong (Vietnam) Market Value
| ICG Stock | 7,400 300.00 3.90% |
| Symbol | Song |
Song Hong '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 Song Hong'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 Song Hong.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Song Hong on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Song Hong Construction or generate 0.0% return on investment in Song Hong over 30 days. Song Hong is related to or competes with Vietnam Petroleum, Telecoms Informatics, Vincom Retail, POT, POST TELECOMMU, Truong Thanh, and FPT Digital. More
Song Hong 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 Song Hong'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 Song Hong Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.0106 | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 4.76 |
Song Hong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Song Hong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Song Hong's standard deviation. In reality, there are many statistical measures that can use Song Hong historical prices to predict the future Song Hong's volatility.| Risk Adjusted Performance | 0.038 | |||
| Jensen Alpha | 0.1289 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0081 | |||
| Treynor Ratio | (2.42) |
Song Hong Construction Backtested Returns
As of now, Song Stock is very steady. Song Hong Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0268, which indicates the firm had a 0.0268% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Song Hong Construction, which you can use to evaluate the volatility of the company. Please validate Song Hong's Coefficient Of Variation of 2400.07, risk adjusted performance of 0.038, and Semi Deviation of 3.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0965%. Song Hong has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0514, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Song Hong are expected to decrease at a much lower rate. During the bear market, Song Hong is likely to outperform the market. Song Hong Construction right now has a risk of 3.6%. Please validate Song Hong potential upside, and the relationship between the sortino ratio and skewness , to decide if Song Hong will be following its existing price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Song Hong Construction has good reverse predictability. Overlapping area represents the amount of predictability between Song Hong time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Song Hong Construction price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Song Hong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 23.3 K |
Song Hong Construction lagged returns against current returns
Autocorrelation, which is Song Hong 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 Song Hong's stock expected returns. We can calculate the autocorrelation of Song Hong returns to help us make a trade decision. For example, suppose you find that Song Hong 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 |
Song Hong 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 Song Hong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Song Hong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Song Hong stock over time.
Current vs Lagged Prices |
| Timeline |
Song Hong Lagged Returns
When evaluating Song Hong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Song Hong stock have on its future price. Song Hong 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, Song Hong autocorrelation shows the relationship between Song Hong stock current value and its past values and can show if there is a momentum factor associated with investing in Song Hong Construction.
Regressed Prices |
| Timeline |
Pair Trading with Song Hong
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 Song Hong 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 Song Hong will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Song Hong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Song Hong 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 Song Hong - 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 Song Hong Construction to buy it.
The correlation of Song Hong 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 Song Hong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Song Hong Construction 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 Song Hong 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 Song Stock
Song Hong financial ratios help investors to determine whether Song 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 Song with respect to the benefits of owning Song Hong security.