Tien Phong (Vietnam) Market Value
| NTP Stock | 60,200 100.00 0.17% |
| Symbol | Tien |
Tien Phong '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 Tien Phong'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 Tien Phong.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Tien Phong on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Tien Phong Plastic or generate 0.0% return on investment in Tien Phong over 720 days. Tien Phong is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Tien Phong 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 Tien Phong'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 Tien Phong Plastic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.18 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.61 |
Tien Phong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tien Phong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tien Phong's standard deviation. In reality, there are many statistical measures that can use Tien Phong historical prices to predict the future Tien Phong's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.22) |
Tien Phong Plastic Backtested Returns
Tien Phong Plastic owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0614, which indicates the firm had a -0.0614% return per unit of risk over the last 3 months. Tien Phong Plastic exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tien Phong's Coefficient Of Variation of (1,203), variance of 4.55, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.85, which indicates possible diversification benefits within a given portfolio. Tien Phong returns are very sensitive to returns on the market. As the market goes up or down, Tien Phong is expected to follow. At this point, Tien Phong Plastic has a negative expected return of -0.13%. Please make sure to validate Tien Phong's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Tien Phong Plastic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Tien Phong Plastic has good predictability. Overlapping area represents the amount of predictability between Tien Phong time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Tien Phong Plastic price movement. The serial correlation of 0.78 indicates that around 78.0% of current Tien Phong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 138.4 M |
Tien Phong Plastic lagged returns against current returns
Autocorrelation, which is Tien Phong 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 Tien Phong's stock expected returns. We can calculate the autocorrelation of Tien Phong returns to help us make a trade decision. For example, suppose you find that Tien Phong 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 |
Tien Phong 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 Tien Phong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tien Phong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tien Phong stock over time.
Current vs Lagged Prices |
| Timeline |
Tien Phong Lagged Returns
When evaluating Tien Phong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tien Phong stock have on its future price. Tien Phong 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, Tien Phong autocorrelation shows the relationship between Tien Phong stock current value and its past values and can show if there is a momentum factor associated with investing in Tien Phong Plastic.
Regressed Prices |
| Timeline |
Pair Trading with Tien Phong
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 Tien Phong 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 Tien Phong will appreciate offsetting losses from the drop in the long position's value.Moving together with Tien Stock
| 0.64 | ADS | Damsan JSC | PairCorr |
| 0.8 | AAA | An Phat Plastic | PairCorr |
| 0.86 | AME | Alphanam ME | PairCorr |
| 0.7 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Tien Phong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tien Phong 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 Tien Phong - 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 Tien Phong Plastic to buy it.
The correlation of Tien Phong 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 Tien Phong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tien Phong Plastic 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 Tien Phong 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 Tien Stock
Tien Phong financial ratios help investors to determine whether Tien 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 Tien with respect to the benefits of owning Tien Phong security.