Lam Dong (Vietnam) Market Value
| LDP Stock | 10,300 500.00 5.10% |
| Symbol | Lam |
Please note, there is a significant difference between Lam Dong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lam Dong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lam Dong'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 Dong '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 Dong'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 Dong.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Lam Dong on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Lam Dong Pharmaceutical or generate 0.0% return on investment in Lam Dong over 30 days. Lam Dong is related to or competes with Elcom Technology, Nam Kim, Riverway Management, Development Investment, Vinhomes JSC, Century Synthetic, and Techno Agricultural. More
Lam Dong 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 Dong'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 Dong Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 18.85 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 6.36 |
Lam Dong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lam Dong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lam Dong's standard deviation. In reality, there are many statistical measures that can use Lam Dong historical prices to predict the future Lam Dong's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | 0.901 |
Lam Dong Pharmaceutical Backtested Returns
Lam Dong Pharmaceutical has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Lam Dong exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lam Dong's Mean Deviation of 3.59, standard deviation of 4.6, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lam Dong are expected to decrease at a much lower rate. During the bear market, Lam Dong is likely to outperform the market. At this point, Lam Dong Pharmaceutical has a negative expected return of -0.66%. Please make sure to verify Lam Dong's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Lam Dong Pharmaceutical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Lam Dong Pharmaceutical has below average predictability. Overlapping area represents the amount of predictability between Lam Dong time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Dong Pharmaceutical price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Lam Dong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 136.4 K |
Lam Dong Pharmaceutical lagged returns against current returns
Autocorrelation, which is Lam Dong 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 Dong's stock expected returns. We can calculate the autocorrelation of Lam Dong returns to help us make a trade decision. For example, suppose you find that Lam Dong 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 Dong 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 Dong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lam Dong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lam Dong stock over time.
Current vs Lagged Prices |
| Timeline |
Lam Dong Lagged Returns
When evaluating Lam Dong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lam Dong stock have on its future price. Lam Dong 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 Dong autocorrelation shows the relationship between Lam Dong stock current value and its past values and can show if there is a momentum factor associated with investing in Lam Dong Pharmaceutical.
Regressed Prices |
| Timeline |
Pair Trading with Lam Dong
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 Dong 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 Dong will appreciate offsetting losses from the drop in the long position's value.Moving against Lam Stock
| 0.61 | CSV | South Basic Chemicals | PairCorr |
| 0.59 | ABS | Binhthuan Agriculture | PairCorr |
| 0.58 | ELC | Elcom Technology Com | PairCorr |
| 0.5 | FPT | FPT Corp | PairCorr |
| 0.4 | ICT | Telecoms Informatics JSC | PairCorr |
The ability to find closely correlated positions to Lam Dong 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 Dong 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 Dong - 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 Dong Pharmaceutical to buy it.
The correlation of Lam Dong 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 Dong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lam Dong Pharmaceutical 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 Dong 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 Dong 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 Dong security.