Cai Lay (Vietnam) Market Value
| MKV Stock | 9,500 400.00 4.40% |
| Symbol | Cai |
Cai Lay '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 Cai Lay'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 Cai Lay.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Cai Lay on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cai Lay Veterinary or generate 0.0% return on investment in Cai Lay over 180 days.
Cai Lay 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 Cai Lay'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 Cai Lay Veterinary upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.0041 | |||
| Maximum Drawdown | 16.69 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 5.26 |
Cai Lay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cai Lay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cai Lay's standard deviation. In reality, there are many statistical measures that can use Cai Lay historical prices to predict the future Cai Lay's volatility.| Risk Adjusted Performance | 0.0192 | |||
| Jensen Alpha | 0.0219 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0038 | |||
| Treynor Ratio | 0.0602 |
Cai Lay Veterinary Backtested Returns
Cai Lay appears to be very steady, given 3 months investment horizon. Cai Lay Veterinary secures Sharpe Ratio (or Efficiency) of 0.0712, which signifies that the company had a 0.0712% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cai Lay Veterinary, which you can use to evaluate the volatility of the firm. Please makes use of Cai Lay's Mean Deviation of 2.13, downside deviation of 3.31, and Risk Adjusted Performance of 0.0192 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cai Lay holds a performance score of 5. The firm shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cai Lay's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cai Lay is expected to be smaller as well. Please check Cai Lay's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Cai Lay's price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Cai Lay Veterinary has insignificant reverse predictability. Overlapping area represents the amount of predictability between Cai Lay time series from 1st of July 2024 to 29th of September 2024 and 29th of September 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 Cai Lay Veterinary price movement. The serial correlation of -0.19 indicates that over 19.0% of current Cai Lay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 51.6 K |
Cai Lay Veterinary lagged returns against current returns
Autocorrelation, which is Cai Lay 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 Cai Lay's stock expected returns. We can calculate the autocorrelation of Cai Lay returns to help us make a trade decision. For example, suppose you find that Cai Lay 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 |
Cai Lay 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 Cai Lay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cai Lay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cai Lay stock over time.
Current vs Lagged Prices |
| Timeline |
Cai Lay Lagged Returns
When evaluating Cai Lay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cai Lay stock have on its future price. Cai Lay 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, Cai Lay autocorrelation shows the relationship between Cai Lay stock current value and its past values and can show if there is a momentum factor associated with investing in Cai Lay Veterinary.
Regressed Prices |
| Timeline |
Pair Trading with Cai Lay
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 Cai Lay 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 Cai Lay will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cai Lay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cai Lay 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 Cai Lay - 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 Cai Lay Veterinary to buy it.
The correlation of Cai Lay 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 Cai Lay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cai Lay Veterinary 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 Cai Lay 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.