TDG Global (Vietnam) Market Value
| TDG Stock | 3,620 20.00 0.55% |
| Symbol | TDG |
TDG Global '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 TDG Global'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 TDG Global.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in TDG Global on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding TDG Global Investment or generate 0.0% return on investment in TDG Global over 360 days. TDG Global is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
TDG Global 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 TDG Global'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 TDG Global Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 35.4 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.88 |
TDG Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TDG Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TDG Global's standard deviation. In reality, there are many statistical measures that can use TDG Global historical prices to predict the future TDG Global's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.1144 |
TDG Global Investment Backtested Returns
TDG Global Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0277, which indicates the firm had a -0.0277% return per unit of volatility over the last 3 months. TDG Global Investment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TDG Global's risk adjusted performance of (0.01), and Variance of 12.65 to confirm the risk estimate we provide. The entity has a beta of -0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TDG Global are expected to decrease at a much lower rate. During the bear market, TDG Global is likely to outperform the market. At this point, TDG Global Investment has a negative expected return of -0.0998%. Please make sure to validate TDG Global's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if TDG Global Investment performance from the past will be repeated in the future.
Auto-correlation | -0.56 |
Good reverse predictability
TDG Global Investment has good reverse predictability. Overlapping area represents the amount of predictability between TDG Global time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 TDG Global Investment price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current TDG Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 156.1 K |
TDG Global Investment lagged returns against current returns
Autocorrelation, which is TDG Global 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 TDG Global's stock expected returns. We can calculate the autocorrelation of TDG Global returns to help us make a trade decision. For example, suppose you find that TDG Global 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 |
TDG Global 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 TDG Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TDG Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TDG Global stock over time.
Current vs Lagged Prices |
| Timeline |
TDG Global Lagged Returns
When evaluating TDG Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TDG Global stock have on its future price. TDG Global 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, TDG Global autocorrelation shows the relationship between TDG Global stock current value and its past values and can show if there is a momentum factor associated with investing in TDG Global Investment.
Regressed Prices |
| Timeline |
Pair Trading with TDG Global
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 TDG Global 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 TDG Global will appreciate offsetting losses from the drop in the long position's value.Moving together with TDG Stock
The ability to find closely correlated positions to TDG Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDG Global 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 TDG Global - 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 TDG Global Investment to buy it.
The correlation of TDG Global 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 TDG Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TDG Global Investment 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 TDG Global 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 TDG Stock
TDG Global financial ratios help investors to determine whether TDG 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 TDG with respect to the benefits of owning TDG Global security.