LAM THAO (Vietnam) Market Value
| LAS Stock | 22,700 400.00 1.79% |
| Symbol | LAM |
Please note, there is a significant difference between LAM THAO's value and its price as these two are different measures arrived at by different means. Investors typically determine if LAM THAO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LAM THAO'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.
LAM THAO '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 LAM THAO'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 LAM THAO.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in LAM THAO on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding LAM THAO FERTI or generate 0.0% return on investment in LAM THAO over 30 days. LAM THAO is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
LAM THAO 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 LAM THAO'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 LAM THAO FERTI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.74 |
LAM THAO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LAM THAO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LAM THAO's standard deviation. In reality, there are many statistical measures that can use LAM THAO historical prices to predict the future LAM THAO's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.8238 |
LAM THAO FERTI Backtested Returns
LAM THAO FERTI has Sharpe Ratio of -0.0097, which conveys that the company had a -0.0097% return per unit of volatility over the last 3 months. LAM THAO exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LAM THAO's Standard Deviation of 1.52, mean deviation of 1.19, and Market Risk Adjusted Performance of 0.8338 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.0463, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LAM THAO are expected to decrease at a much lower rate. During the bear market, LAM THAO is likely to outperform the market. At this point, LAM THAO FERTI has a negative expected return of -0.0151%. Please make sure to verify LAM THAO's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if LAM THAO FERTI performance from the past will be repeated in the future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
LAM THAO FERTI has insignificant reverse predictability. Overlapping area represents the amount of predictability between LAM THAO time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 LAM THAO FERTI price movement. The serial correlation of -0.17 indicates that over 17.0% of current LAM THAO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 328.1 K |
LAM THAO FERTI lagged returns against current returns
Autocorrelation, which is LAM THAO 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 LAM THAO's stock expected returns. We can calculate the autocorrelation of LAM THAO returns to help us make a trade decision. For example, suppose you find that LAM THAO 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 |
LAM THAO 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 LAM THAO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LAM THAO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LAM THAO stock over time.
Current vs Lagged Prices |
| Timeline |
LAM THAO Lagged Returns
When evaluating LAM THAO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LAM THAO stock have on its future price. LAM THAO 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, LAM THAO autocorrelation shows the relationship between LAM THAO stock current value and its past values and can show if there is a momentum factor associated with investing in LAM THAO FERTI.
Regressed Prices |
| Timeline |
Pair Trading with LAM THAO
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 LAM THAO 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 LAM THAO will appreciate offsetting losses from the drop in the long position's value.Moving against LAM Stock
The ability to find closely correlated positions to LAM THAO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LAM THAO 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 LAM THAO - 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 LAM THAO FERTI to buy it.
The correlation of LAM THAO 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 LAM THAO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LAM THAO FERTI 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 LAM THAO 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 LAM Stock
LAM THAO financial ratios help investors to determine whether LAM 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 LAM with respect to the benefits of owning LAM THAO security.