DANANG HOUSING (Vietnam) Market Value
| NDN Stock | 9,500 200.00 2.15% |
| Symbol | DANANG |
Please note, there is a significant difference between DANANG HOUSING's value and its price as these two are different measures arrived at by different means. Investors typically determine if DANANG HOUSING is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DANANG HOUSING'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.
DANANG HOUSING '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 DANANG HOUSING'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 DANANG HOUSING.
| 01/08/2023 |
| 12/28/2024 |
If you would invest 0.00 in DANANG HOUSING on January 8, 2023 and sell it all today you would earn a total of 0.00 from holding DANANG HOUSING or generate 0.0% return on investment in DANANG HOUSING over 720 days. DANANG HOUSING is related to or competes with Construction, Construction JSC, Agriculture Printing, Kien Giang, Viettel Construction, Travel Investment, and Mechanics Construction. More
DANANG HOUSING 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 DANANG HOUSING'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 DANANG HOUSING upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.17 |
DANANG HOUSING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DANANG HOUSING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DANANG HOUSING's standard deviation. In reality, there are many statistical measures that can use DANANG HOUSING historical prices to predict the future DANANG HOUSING's volatility.| Risk Adjusted Performance | 0.0189 | |||
| Jensen Alpha | 0.0087 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0506 |
DANANG HOUSING Backtested Returns
As of now, DANANG Stock is very steady. DANANG HOUSING secures Sharpe Ratio (or Efficiency) of 0.0426, which denotes the company had a 0.0426% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for DANANG HOUSING, which you can use to evaluate the volatility of the entity. Please confirm DANANG HOUSING's Semi Deviation of 1.03, mean deviation of 0.8726, and Downside Deviation of 1.75 to check if the risk estimate we provide is consistent with the expected return of 0.0586%. DANANG HOUSING has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, DANANG HOUSING's returns are expected to increase less than the market. However, during the bear market, the loss of holding DANANG HOUSING is expected to be smaller as well. DANANG HOUSING at this time shows a risk of 1.38%. Please confirm DANANG HOUSING treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if DANANG HOUSING will be following its price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
DANANG HOUSING has modest reverse predictability. Overlapping area represents the amount of predictability between DANANG HOUSING time series from 8th of January 2023 to 3rd of January 2024 and 3rd of January 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 DANANG HOUSING price movement. The serial correlation of -0.47 indicates that about 47.0% of current DANANG HOUSING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 M |
DANANG HOUSING lagged returns against current returns
Autocorrelation, which is DANANG HOUSING 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 DANANG HOUSING's stock expected returns. We can calculate the autocorrelation of DANANG HOUSING returns to help us make a trade decision. For example, suppose you find that DANANG HOUSING 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 |
DANANG HOUSING 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 DANANG HOUSING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DANANG HOUSING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DANANG HOUSING stock over time.
Current vs Lagged Prices |
| Timeline |
DANANG HOUSING Lagged Returns
When evaluating DANANG HOUSING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DANANG HOUSING stock have on its future price. DANANG HOUSING 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, DANANG HOUSING autocorrelation shows the relationship between DANANG HOUSING stock current value and its past values and can show if there is a momentum factor associated with investing in DANANG HOUSING.
Regressed Prices |
| Timeline |
Pair Trading with DANANG HOUSING
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 DANANG HOUSING 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 DANANG HOUSING will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to DANANG HOUSING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DANANG HOUSING 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 DANANG HOUSING - 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 DANANG HOUSING to buy it.
The correlation of DANANG HOUSING 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 DANANG HOUSING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DANANG HOUSING 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 DANANG HOUSING 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 DANANG Stock
DANANG HOUSING financial ratios help investors to determine whether DANANG 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 DANANG with respect to the benefits of owning DANANG HOUSING security.