Danh Khoi (Vietnam) Market Value
| NRC Stock | 4,800 100.00 2.04% |
| Symbol | Danh |
Please note, there is a significant difference between Danh Khoi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danh Khoi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danh Khoi'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.
Danh Khoi '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 Danh Khoi'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 Danh Khoi.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Danh Khoi on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Danh Khoi Group or generate 0.0% return on investment in Danh Khoi over 30 days. Danh Khoi is related to or competes with Thong Nhat, Saigon Viendong, CEO Group, Danang Rubber, and Elcom Technology. More
Danh Khoi 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 Danh Khoi'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 Danh Khoi Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.76 | |||
| Information Ratio | 0.2102 | |||
| Maximum Drawdown | 19.3 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 8.89 |
Danh Khoi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danh Khoi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danh Khoi's standard deviation. In reality, there are many statistical measures that can use Danh Khoi historical prices to predict the future Danh Khoi's volatility.| Risk Adjusted Performance | 0.1854 | |||
| Jensen Alpha | 0.9059 | |||
| Total Risk Alpha | 0.6691 | |||
| Sortino Ratio | 0.2249 | |||
| Treynor Ratio | (2.17) |
Danh Khoi Group Backtested Returns
Danh Khoi appears to be very steady, given 3 months investment horizon. Danh Khoi Group secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. By reviewing Danh Khoi's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize Danh Khoi's Downside Deviation of 3.76, coefficient of variation of 447.53, and Mean Deviation of 3.17 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Danh Khoi holds a performance score of 16. The firm shows a Beta (market volatility) of -0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Danh Khoi are expected to decrease at a much lower rate. During the bear market, Danh Khoi is likely to outperform the market. Please check Danh Khoi's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Danh Khoi's price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Danh Khoi Group has good predictability. Overlapping area represents the amount of predictability between Danh Khoi time series from 27th of November 2024 to 12th of December 2024 and 12th of December 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 Danh Khoi Group price movement. The serial correlation of 0.69 indicates that around 69.0% of current Danh Khoi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 22 K |
Danh Khoi Group lagged returns against current returns
Autocorrelation, which is Danh Khoi 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 Danh Khoi's stock expected returns. We can calculate the autocorrelation of Danh Khoi returns to help us make a trade decision. For example, suppose you find that Danh Khoi 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 |
Danh Khoi 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 Danh Khoi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danh Khoi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danh Khoi stock over time.
Current vs Lagged Prices |
| Timeline |
Danh Khoi Lagged Returns
When evaluating Danh Khoi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danh Khoi stock have on its future price. Danh Khoi 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, Danh Khoi autocorrelation shows the relationship between Danh Khoi stock current value and its past values and can show if there is a momentum factor associated with investing in Danh Khoi Group.
Regressed Prices |
| Timeline |
Pair Trading with Danh Khoi
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 Danh Khoi 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 Danh Khoi will appreciate offsetting losses from the drop in the long position's value.Moving against Danh Stock
| 0.86 | ADS | Damsan JSC | PairCorr |
| 0.83 | AME | Alphanam ME | PairCorr |
| 0.77 | AAA | An Phat Plastic | PairCorr |
| 0.77 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.71 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Danh Khoi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danh Khoi 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 Danh Khoi - 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 Danh Khoi Group to buy it.
The correlation of Danh Khoi 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 Danh Khoi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danh Khoi Group 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 Danh Khoi 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 Danh Stock
Danh Khoi financial ratios help investors to determine whether Danh 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 Danh with respect to the benefits of owning Danh Khoi security.