Idico JSC (Vietnam) Market Value

IDC Stock   54,800  700.00  1.26%   
Idico JSC's market value is the price at which a share of Idico JSC trades on a public exchange. It measures the collective expectations of Idico JSC investors about its performance. Idico JSC is selling at 54800.00 as of the 4th of December 2024; that is 1.26 percent decrease since the beginning of the trading day. The stock's open price was 55500.0.
With this module, you can estimate the performance of a buy and hold strategy of Idico JSC and determine expected loss or profit from investing in Idico JSC over a given investment horizon. Check out Idico JSC Correlation, Idico JSC Volatility and Idico JSC Alpha and Beta module to complement your research on Idico JSC.
Symbol

Please note, there is a significant difference between Idico JSC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Idico JSC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Idico JSC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Idico JSC '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 Idico JSC'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 Idico JSC.
0.00
09/05/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/04/2024
0.00
If you would invest  0.00  in Idico JSC on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Idico JSC or generate 0.0% return on investment in Idico JSC over 90 days. Idico JSC is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More

Idico JSC 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 Idico JSC'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 Idico JSC upside and downside potential and time the market with a certain degree of confidence.

Idico JSC Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Idico JSC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Idico JSC's standard deviation. In reality, there are many statistical measures that can use Idico JSC historical prices to predict the future Idico JSC's volatility.
Hype
Prediction
LowEstimatedHigh
54,79954,80054,801
Details
Intrinsic
Valuation
LowRealHigh
44,93544,93660,280
Details
Naive
Forecast
LowNextHigh
54,97454,97554,977
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
54,50055,12255,744
Details

Idico JSC Backtested Returns

Idico JSC holds Efficiency (Sharpe) Ratio of -0.0906, which attests that the entity had a -0.0906% return per unit of risk over the last 3 months. Idico JSC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Idico JSC's Risk Adjusted Performance of (0.09), market risk adjusted performance of (0.45), and Standard Deviation of 1.19 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Idico JSC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Idico JSC is expected to be smaller as well. At this point, Idico JSC has a negative expected return of -0.11%. Please make sure to check out Idico JSC's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Idico JSC performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.28  

Poor predictability

Idico JSC has poor predictability. Overlapping area represents the amount of predictability between Idico JSC time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 Idico JSC price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Idico JSC price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test-0.09
Residual Average0.0
Price Variance1.8 M

Idico JSC lagged returns against current returns

Autocorrelation, which is Idico JSC 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 Idico JSC's stock expected returns. We can calculate the autocorrelation of Idico JSC returns to help us make a trade decision. For example, suppose you find that Idico JSC 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  

Idico JSC 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 Idico JSC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Idico JSC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Idico JSC stock over time.
   Current vs Lagged Prices   
       Timeline  

Idico JSC Lagged Returns

When evaluating Idico JSC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Idico JSC stock have on its future price. Idico JSC 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, Idico JSC autocorrelation shows the relationship between Idico JSC stock current value and its past values and can show if there is a momentum factor associated with investing in Idico JSC.
   Regressed Prices   
       Timeline  

Pair Trading with Idico JSC

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 Idico JSC 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 Idico JSC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Idico Stock

  0.68AAA An Phat PlasticPairCorr
  0.76AME Alphanam MEPairCorr
  0.64APG APG Securities JointPairCorr
The ability to find closely correlated positions to Idico JSC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idico JSC 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 Idico JSC - 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 Idico JSC to buy it.
The correlation of Idico JSC 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 Idico JSC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idico 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 Idico JSC 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Idico Stock

Idico JSC financial ratios help investors to determine whether Idico 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 Idico with respect to the benefits of owning Idico JSC security.