MST Investment (Vietnam) Market Value
| MST Stock | 6,700 100.00 1.47% |
| Symbol | MST |
MST 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 MST 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 MST Investment.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in MST Investment on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding MST Investment JSC or generate 0.0% return on investment in MST Investment over 30 days. MST Investment is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
MST 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 MST 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 MST Investment JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.1117 | |||
| Maximum Drawdown | 13.96 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 5.36 |
MST Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MST Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MST Investment's standard deviation. In reality, there are many statistical measures that can use MST Investment historical prices to predict the future MST Investment's volatility.| Risk Adjusted Performance | 0.1164 | |||
| Jensen Alpha | 0.363 | |||
| Total Risk Alpha | 0.0577 | |||
| Sortino Ratio | 0.1154 | |||
| Treynor Ratio | 2.31 |
MST Investment JSC Backtested Returns
MST Investment appears to be very steady, given 3 months investment horizon. MST Investment JSC has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for MST Investment, which you can use to evaluate the volatility of the firm. Please exercise MST Investment's Mean Deviation of 1.84, risk adjusted performance of 0.1164, and Market Risk Adjusted Performance of 2.32 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MST Investment holds a performance score of 14. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MST Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding MST Investment is expected to be smaller as well. Please check MST Investment's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether MST Investment's current price movements will revert.
Auto-correlation | 0.85 |
Very good predictability
MST Investment JSC has very good predictability. Overlapping area represents the amount of predictability between MST Investment time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 MST Investment JSC price movement. The serial correlation of 0.85 indicates that around 85.0% of current MST Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 126.5 K |
MST Investment JSC lagged returns against current returns
Autocorrelation, which is MST 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 MST Investment's stock expected returns. We can calculate the autocorrelation of MST Investment returns to help us make a trade decision. For example, suppose you find that MST 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 |
MST 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 MST Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MST Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MST Investment stock over time.
Current vs Lagged Prices |
| Timeline |
MST Investment Lagged Returns
When evaluating MST Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MST Investment stock have on its future price. MST 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, MST Investment autocorrelation shows the relationship between MST Investment stock current value and its past values and can show if there is a momentum factor associated with investing in MST Investment JSC.
Regressed Prices |
| Timeline |
Pair Trading with MST 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 MST 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 MST Investment will appreciate offsetting losses from the drop in the long position's value.Moving against MST Stock
| 0.74 | AME | Alphanam ME | PairCorr |
| 0.61 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.5 | APG | APG Securities Joint | PairCorr |
| 0.48 | AAM | Mekong Fisheries JSC | PairCorr |
| 0.45 | AAA | An Phat Plastic | PairCorr |
The ability to find closely correlated positions to MST 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 MST 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 MST 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 MST Investment JSC to buy it.
The correlation of MST 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 MST Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MST Investment JSC 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 MST 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.Other Information on Investing in MST Stock
MST Investment financial ratios help investors to determine whether MST 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 MST with respect to the benefits of owning MST Investment security.