LICOGI 13 (Vietnam) Market Value
| LIG Stock | 2,900 100.00 3.33% |
| Symbol | LICOGI |
LICOGI 13 '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 LICOGI 13'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 LICOGI 13.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in LICOGI 13 on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding LICOGI 13 or generate 0.0% return on investment in LICOGI 13 over 30 days. LICOGI 13 is related to or competes with Travel Investment, TDT Investment, MST Investment, Petrolimex Insurance, Vina2 Investment, and 577 Investment. More
LICOGI 13 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 LICOGI 13'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 LICOGI 13 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.23 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.45 |
LICOGI 13 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LICOGI 13's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LICOGI 13's standard deviation. In reality, there are many statistical measures that can use LICOGI 13 historical prices to predict the future LICOGI 13's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 5.99 |
LICOGI 13 Backtested Returns
LICOGI 13 retains Efficiency (Sharpe Ratio) of -0.0523, which conveys that the firm had a -0.0523% return per unit of return volatility over the last 3 months. LICOGI 13 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LICOGI 13's Market Risk Adjusted Performance of 6.0, mean deviation of 1.69, and Standard Deviation of 2.41 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.0218, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LICOGI 13 are expected to decrease at a much lower rate. During the bear market, LICOGI 13 is likely to outperform the market. At this point, LICOGI 13 has a negative expected return of -0.13%. Please make sure to verify LICOGI 13's potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if LICOGI 13 performance from the past will be repeated in the future.
Auto-correlation | 0.67 |
Good predictability
LICOGI 13 has good predictability. Overlapping area represents the amount of predictability between LICOGI 13 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 LICOGI 13 price movement. The serial correlation of 0.67 indicates that around 67.0% of current LICOGI 13 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 826.45 |
LICOGI 13 lagged returns against current returns
Autocorrelation, which is LICOGI 13 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 LICOGI 13's stock expected returns. We can calculate the autocorrelation of LICOGI 13 returns to help us make a trade decision. For example, suppose you find that LICOGI 13 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 |
LICOGI 13 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 LICOGI 13 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LICOGI 13 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LICOGI 13 stock over time.
Current vs Lagged Prices |
| Timeline |
LICOGI 13 Lagged Returns
When evaluating LICOGI 13's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LICOGI 13 stock have on its future price. LICOGI 13 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, LICOGI 13 autocorrelation shows the relationship between LICOGI 13 stock current value and its past values and can show if there is a momentum factor associated with investing in LICOGI 13.
Regressed Prices |
| Timeline |
Pair Trading with LICOGI 13
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 LICOGI 13 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 LICOGI 13 will appreciate offsetting losses from the drop in the long position's value.Moving together with LICOGI Stock
Moving against LICOGI Stock
| 0.73 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.72 | BCF | Bich Chi Food | PairCorr |
| 0.64 | ELC | Elcom Technology Com | PairCorr |
| 0.58 | SMA | Saigon Machinery Spare | PairCorr |
| 0.51 | FPT | FPT Corp | PairCorr |
The ability to find closely correlated positions to LICOGI 13 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LICOGI 13 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 LICOGI 13 - 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 LICOGI 13 to buy it.
The correlation of LICOGI 13 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 LICOGI 13 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LICOGI 13 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 LICOGI 13 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 LICOGI Stock
LICOGI 13 financial ratios help investors to determine whether LICOGI 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 LICOGI with respect to the benefits of owning LICOGI 13 security.