TDT Investment (Vietnam) Market Value
| TDT Stock | 6,900 100.00 1.47% |
| Symbol | TDT |
TDT Investment '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 TDT Investment'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 TDT Investment.
| 09/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in TDT Investment on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding TDT Investment and or generate 0.0% return on investment in TDT Investment over 90 days. TDT Investment is related to or competes with MST Investment, Danang Education, Asia Pacific, and Development Investment. More
TDT Investment 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 TDT Investment'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 TDT Investment and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.96 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.49 |
TDT Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TDT Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TDT Investment's standard deviation. In reality, there are many statistical measures that can use TDT Investment historical prices to predict the future TDT Investment's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.15) |
TDT Investment Backtested Returns
TDT Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0256, which indicates the firm had a -0.0256% return per unit of standard deviation over the last 3 months. TDT Investment and exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TDT Investment's variance of 0.5618, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TDT Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding TDT Investment is expected to be smaller as well. At this point, TDT Investment has a negative expected return of -0.0193%. Please make sure to validate TDT Investment's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if TDT Investment performance from the past will be repeated at future time.
Auto-correlation | -0.3 |
Weak reverse predictability
TDT Investment and has weak reverse predictability. Overlapping area represents the amount of predictability between TDT Investment time series from 16th of September 2024 to 31st of October 2024 and 31st of October 2024 to 15th 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 TDT Investment price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current TDT Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2343.75 |
TDT Investment lagged returns against current returns
Autocorrelation, which is TDT Investment 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 TDT Investment's stock expected returns. We can calculate the autocorrelation of TDT Investment returns to help us make a trade decision. For example, suppose you find that TDT Investment 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 |
TDT Investment 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 TDT Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TDT Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TDT Investment stock over time.
Current vs Lagged Prices |
| Timeline |
TDT Investment Lagged Returns
When evaluating TDT Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TDT Investment stock have on its future price. TDT Investment 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, TDT Investment autocorrelation shows the relationship between TDT Investment stock current value and its past values and can show if there is a momentum factor associated with investing in TDT Investment and.
Regressed Prices |
| Timeline |
Pair Trading with TDT Investment
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 TDT Investment 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 TDT Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with TDT Stock
| 0.83 | ADS | Damsan JSC | PairCorr |
| 0.84 | AAA | An Phat Plastic | PairCorr |
| 0.76 | AME | Alphanam ME | PairCorr |
| 0.65 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to TDT Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDT Investment 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 TDT Investment - 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 TDT Investment and to buy it.
The correlation of TDT Investment 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 TDT Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TDT 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 TDT Investment 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 TDT Stock
TDT Investment financial ratios help investors to determine whether TDT 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 TDT with respect to the benefits of owning TDT Investment security.