Investment (Vietnam) Market Value
| MCO Stock | 10,400 100.00 0.97% |
| Symbol | Investment |
Investment '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 Investment'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 Investment.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Investment on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Investment And Construction or generate 0.0% return on investment in Investment over 720 days.
Investment 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 Investment'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 Investment And Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.27 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 19.5 | |||
| Value At Risk | (7.08) | |||
| Potential Upside | 9.56 |
Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Investment's standard deviation. In reality, there are many statistical measures that can use Investment historical prices to predict the future Investment's volatility.| Risk Adjusted Performance | 0.0133 | |||
| Jensen Alpha | 0.02 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.61 |
Investment And Const Backtested Returns
Investment And Const holds Efficiency (Sharpe) Ratio of -0.0104, which attests that the entity had a -0.0104% return per unit of risk over the last 3 months. Investment And Const exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Investment's Downside Deviation of 4.27, risk adjusted performance of 0.0133, and Market Risk Adjusted Performance of 1.62 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0128, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Investment is expected to be smaller as well. At this point, Investment And Const has a negative expected return of -0.0493%. Please make sure to check out Investment's skewness, and the relationship between the potential upside and rate of daily change , to decide if Investment And Const performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Investment And Construction has very weak reverse predictability. Overlapping area represents the amount of predictability between Investment time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 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 Investment And Const price movement. The serial correlation of -0.01 indicates that just 1.0% of current Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 39.2 M |
Investment And Const lagged returns against current returns
Autocorrelation, which is Investment 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 Investment's stock expected returns. We can calculate the autocorrelation of Investment returns to help us make a trade decision. For example, suppose you find that Investment 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 |
Investment 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 Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Investment Lagged Returns
When evaluating Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Investment stock have on its future price. Investment 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, Investment autocorrelation shows the relationship between Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Investment And Construction.
Regressed Prices |
| Timeline |
Pair Trading with Investment
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 Investment 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 Investment will appreciate offsetting losses from the drop in the long position's value.Moving against Investment Stock
| 0.61 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.57 | ELC | Elcom Technology Com | PairCorr |
| 0.55 | BCF | Bich Chi Food | PairCorr |
| 0.39 | FPT | FPT Corp | PairCorr |
| 0.37 | SMA | Saigon Machinery Spare | PairCorr |
The ability to find closely correlated positions to Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Investment 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 Investment - 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 Investment And Construction to buy it.
The correlation of Investment 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 Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Investment And Const 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 Investment 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.