Nha Be (Vietnam) Market Value
| NBW Stock | 30,300 0.00 0.00% |
| Symbol | Nha |
Nha Be '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 Nha Be'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 Nha Be.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Nha Be on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nha Be Water or generate 0.0% return on investment in Nha Be over 30 days.
Nha Be 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 Nha Be'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 Nha Be Water upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.59 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 19.08 | |||
| Value At Risk | (9.01) | |||
| Potential Upside | 8.33 |
Nha Be Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nha Be's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nha Be's standard deviation. In reality, there are many statistical measures that can use Nha Be historical prices to predict the future Nha Be's volatility.| Risk Adjusted Performance | 0.0127 | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.0009) | |||
| Treynor Ratio | 0.0246 |
Nha Be Water Backtested Returns
Nha Be Water has Sharpe Ratio of -0.0417, which conveys that the firm had a -0.0417% return per unit of risk over the last 3 months. Nha Be exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nha Be's Mean Deviation of 3.91, risk adjusted performance of 0.0127, and Downside Deviation of 5.59 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nha Be's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nha Be is expected to be smaller as well. At this point, Nha Be Water has a negative expected return of -0.23%. Please make sure to verify Nha Be's variance, potential upside, day typical price, as well as the relationship between the sortino ratio and skewness , to decide if Nha Be Water performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Nha Be Water has average predictability. Overlapping area represents the amount of predictability between Nha Be time series from 28th of November 2024 to 13th of December 2024 and 13th of December 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 Nha Be Water price movement. The serial correlation of 0.46 indicates that about 46.0% of current Nha Be price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 6.8 M |
Nha Be Water lagged returns against current returns
Autocorrelation, which is Nha Be 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 Nha Be's stock expected returns. We can calculate the autocorrelation of Nha Be returns to help us make a trade decision. For example, suppose you find that Nha Be 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 |
Nha Be 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 Nha Be stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nha Be stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nha Be stock over time.
Current vs Lagged Prices |
| Timeline |
Nha Be Lagged Returns
When evaluating Nha Be's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nha Be stock have on its future price. Nha Be 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, Nha Be autocorrelation shows the relationship between Nha Be stock current value and its past values and can show if there is a momentum factor associated with investing in Nha Be Water.
Regressed Prices |
| Timeline |
Pair Trading with Nha Be
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 Nha Be 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 Nha Be will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nha Be could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nha Be 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 Nha Be - 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 Nha Be Water to buy it.
The correlation of Nha Be 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 Nha Be moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nha Be Water 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 Nha Be 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.