LHC (Vietnam) Market Value
| LHC Stock | 71,400 200.00 0.28% |
| Symbol | LHC |
LHC '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 LHC'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 LHC.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in LHC on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding LHC or generate 0.0% return on investment in LHC over 30 days. LHC is related to or competes with Nafoods Group, Thanh Dat, Vietnam Dairy, Petrovietnam Technical, Construction, Hanoi Beer, and Danang Education. More
LHC 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 LHC'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 LHC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.04 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.51 |
LHC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LHC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LHC's standard deviation. In reality, there are many statistical measures that can use LHC historical prices to predict the future LHC's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.53) |
LHC Backtested Returns
LHC retains Efficiency (Sharpe Ratio) of -0.069, which conveys that the firm had a -0.069% return per unit of return volatility over the last 3 months. LHC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LHC's Market Risk Adjusted Performance of (0.52), mean deviation of 0.724, and Standard Deviation of 1.2 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0653, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LHC's returns are expected to increase less than the market. However, during the bear market, the loss of holding LHC is expected to be smaller as well. At this point, LHC has a negative expected return of -0.0842%. Please make sure to verify LHC's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if LHC performance from the past will be repeated in the future.
Auto-correlation | -0.66 |
Very good reverse predictability
LHC has very good reverse predictability. Overlapping area represents the amount of predictability between LHC 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 LHC price movement. The serial correlation of -0.66 indicates that around 66.0% of current LHC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 344.7 K |
LHC lagged returns against current returns
Autocorrelation, which is LHC 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 LHC's stock expected returns. We can calculate the autocorrelation of LHC returns to help us make a trade decision. For example, suppose you find that LHC 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 |
LHC 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 LHC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LHC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LHC stock over time.
Current vs Lagged Prices |
| Timeline |
LHC Lagged Returns
When evaluating LHC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LHC stock have on its future price. LHC 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, LHC autocorrelation shows the relationship between LHC stock current value and its past values and can show if there is a momentum factor associated with investing in LHC.
Regressed Prices |
| Timeline |
Pair Trading with LHC
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 LHC 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 LHC will appreciate offsetting losses from the drop in the long position's value.Moving together with LHC Stock
Moving against LHC Stock
| 0.64 | BCF | Bich Chi Food | PairCorr |
| 0.6 | SMA | Saigon Machinery Spare | PairCorr |
| 0.59 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.56 | ELC | Elcom Technology Com | PairCorr |
| 0.52 | FPT | FPT Corp | PairCorr |
The ability to find closely correlated positions to LHC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LHC 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 LHC - 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 LHC to buy it.
The correlation of LHC 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 LHC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LHC 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 LHC 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 LHC Stock
LHC financial ratios help investors to determine whether LHC 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 LHC with respect to the benefits of owning LHC security.