Vinacomin NuiBeo (Vietnam) Market Value
| NBC Stock | 9,200 200.00 2.13% |
| Symbol | Vinacomin |
Please note, there is a significant difference between Vinacomin NuiBeo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vinacomin NuiBeo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vinacomin NuiBeo'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.
Vinacomin NuiBeo '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 Vinacomin NuiBeo'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 Vinacomin NuiBeo.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Vinacomin NuiBeo on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Vinacomin NuiBeo Coal or generate 0.0% return on investment in Vinacomin NuiBeo over 720 days. Vinacomin NuiBeo is related to or competes with Vietnam Rubber, Southern Rubber, Phuoc Hoa, POST TELECOMMU, and Investment. More
Vinacomin NuiBeo 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 Vinacomin NuiBeo'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 Vinacomin NuiBeo Coal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.04 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 1.83 |
Vinacomin NuiBeo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vinacomin NuiBeo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vinacomin NuiBeo's standard deviation. In reality, there are many statistical measures that can use Vinacomin NuiBeo historical prices to predict the future Vinacomin NuiBeo's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.6986 |
Vinacomin NuiBeo Coal Backtested Returns
Vinacomin NuiBeo Coal owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. Vinacomin NuiBeo Coal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vinacomin NuiBeo's Variance of 2.13, risk adjusted performance of (0.13), and Coefficient Of Variation of (593.62) to confirm the risk estimate we provide. The entity has a beta of -0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Vinacomin NuiBeo are expected to decrease at a much lower rate. During the bear market, Vinacomin NuiBeo is likely to outperform the market. At this point, Vinacomin NuiBeo Coal has a negative expected return of -0.28%. Please make sure to validate Vinacomin NuiBeo's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Vinacomin NuiBeo Coal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Vinacomin NuiBeo Coal has very weak predictability. Overlapping area represents the amount of predictability between Vinacomin NuiBeo 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 Vinacomin NuiBeo Coal price movement. The serial correlation of 0.16 indicates that over 16.0% of current Vinacomin NuiBeo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
Vinacomin NuiBeo Coal lagged returns against current returns
Autocorrelation, which is Vinacomin NuiBeo 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 Vinacomin NuiBeo's stock expected returns. We can calculate the autocorrelation of Vinacomin NuiBeo returns to help us make a trade decision. For example, suppose you find that Vinacomin NuiBeo 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 |
Vinacomin NuiBeo 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 Vinacomin NuiBeo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vinacomin NuiBeo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vinacomin NuiBeo stock over time.
Current vs Lagged Prices |
| Timeline |
Vinacomin NuiBeo Lagged Returns
When evaluating Vinacomin NuiBeo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vinacomin NuiBeo stock have on its future price. Vinacomin NuiBeo 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, Vinacomin NuiBeo autocorrelation shows the relationship between Vinacomin NuiBeo stock current value and its past values and can show if there is a momentum factor associated with investing in Vinacomin NuiBeo Coal.
Regressed Prices |
| Timeline |
Pair Trading with Vinacomin NuiBeo
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 Vinacomin NuiBeo 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 Vinacomin NuiBeo will appreciate offsetting losses from the drop in the long position's value.Moving together with Vinacomin Stock
| 0.65 | FIT | FIT INVEST JSC | PairCorr |
| 0.88 | ADS | Damsan JSC | PairCorr |
| 0.85 | AAA | An Phat Plastic | PairCorr |
| 0.82 | AME | Alphanam ME | PairCorr |
| 0.62 | APG | APG Securities Joint | PairCorr |
Moving against Vinacomin Stock
| 0.78 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.71 | ELC | Elcom Technology Com | PairCorr |
| 0.7 | BCF | Bich Chi Food | PairCorr |
| 0.53 | FPT | FPT Corp | PairCorr |
| 0.51 | SMA | Saigon Machinery Spare | PairCorr |
The ability to find closely correlated positions to Vinacomin NuiBeo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vinacomin NuiBeo 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 Vinacomin NuiBeo - 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 Vinacomin NuiBeo Coal to buy it.
The correlation of Vinacomin NuiBeo 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 Vinacomin NuiBeo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vinacomin NuiBeo Coal 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 Vinacomin NuiBeo 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 Vinacomin Stock
Vinacomin NuiBeo financial ratios help investors to determine whether Vinacomin 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 Vinacomin with respect to the benefits of owning Vinacomin NuiBeo security.