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.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Investment on November 26, 2024 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 30 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
As of now, Investment Stock is very steady. Investment And Const holds Efficiency (Sharpe) Ratio of 0.0173, which attests that the entity had a 0.0173% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Investment And Const, which you can use to evaluate the volatility of the firm. Please check out Investment's Market Risk Adjusted Performance of 1.62, downside deviation of 4.27, and Risk Adjusted Performance of 0.0133 to validate if the risk estimate we provide is consistent with the expected return of 0.0844%. Investment has a performance score of 1 on a scale of 0 to 100. 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. Investment And Const right now retains a risk of 4.87%. Please check out Investment skewness, and the relationship between the potential upside and rate of daily change , to decide if Investment will be following its current trending patterns.
Auto-correlation | 0.38 |
Below average predictability
Investment And Construction has below average predictability. Overlapping area represents the amount of predictability between Investment time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 0.38 indicates that just about 38.0% of current Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 111.9 K |
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.