Danang Airport (Vietnam) Market Value
| MAS Stock | 35,500 500.00 1.39% |
| Symbol | Danang |
Please note, there is a significant difference between Danang Airport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danang Airport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danang Airport'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.
Danang Airport '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 Danang Airport'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 Danang Airport.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Danang Airport on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Danang Airport Services or generate 0.0% return on investment in Danang Airport over 30 days. Danang Airport is related to or competes with IDJ FINANCIAL, Phuoc Hoa, PVI Reinsurance, Petrovietnam Drilling, and Materials Petroleum. More
Danang Airport 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 Danang Airport'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 Danang Airport Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.83 | |||
| Value At Risk | (6.42) | |||
| Potential Upside | 5.41 |
Danang Airport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danang Airport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danang Airport's standard deviation. In reality, there are many statistical measures that can use Danang Airport historical prices to predict the future Danang Airport's volatility.| Risk Adjusted Performance | 0.0031 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.1112 |
Danang Airport Services Backtested Returns
Danang Airport Services secures Sharpe Ratio (or Efficiency) of -0.0255, which denotes the company had a -0.0255% return per unit of risk over the last 3 months. Danang Airport Services exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danang Airport's Standard Deviation of 3.55, mean deviation of 2.3, and Variance of 12.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Danang Airport are expected to decrease at a much lower rate. During the bear market, Danang Airport is likely to outperform the market. At this point, Danang Airport Services has a negative expected return of -0.0927%. Please make sure to confirm Danang Airport's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Danang Airport Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Danang Airport Services has below average predictability. Overlapping area represents the amount of predictability between Danang Airport time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Danang Airport Services price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Danang Airport price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 500 K |
Danang Airport Services lagged returns against current returns
Autocorrelation, which is Danang Airport 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 Danang Airport's stock expected returns. We can calculate the autocorrelation of Danang Airport returns to help us make a trade decision. For example, suppose you find that Danang Airport 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 |
Danang Airport 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 Danang Airport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danang Airport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danang Airport stock over time.
Current vs Lagged Prices |
| Timeline |
Danang Airport Lagged Returns
When evaluating Danang Airport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danang Airport stock have on its future price. Danang Airport 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, Danang Airport autocorrelation shows the relationship between Danang Airport stock current value and its past values and can show if there is a momentum factor associated with investing in Danang Airport Services.
Regressed Prices |
| Timeline |
Pair Trading with Danang Airport
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 Danang Airport 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 Danang Airport will appreciate offsetting losses from the drop in the long position's value.Moving against Danang Stock
| 0.56 | ELC | Elcom Technology Com | PairCorr |
| 0.49 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.43 | FPT | FPT Corp | PairCorr |
| 0.4 | BCF | Bich Chi Food | PairCorr |
The ability to find closely correlated positions to Danang Airport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danang Airport 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 Danang Airport - 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 Danang Airport Services to buy it.
The correlation of Danang Airport 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 Danang Airport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danang Airport Services 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 Danang Airport 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 Danang Stock
Danang Airport financial ratios help investors to determine whether Danang 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 Danang with respect to the benefits of owning Danang Airport security.