Tin Nghia (Vietnam) Market Value
| TIP Stock | 22,850 50.00 0.22% |
| Symbol | Tin |
Tin Nghia '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 Tin Nghia'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 Tin Nghia.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Tin Nghia on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Tin Nghia Industrial or generate 0.0% return on investment in Tin Nghia over 30 days. Tin Nghia is related to or competes with Innovative Technology, Ducgiang Chemicals, Petrovietnam Technical, BaoMinh Insurance, and Petrolimex Insurance. More
Tin Nghia 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 Tin Nghia'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 Tin Nghia Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.33 |
Tin Nghia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tin Nghia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tin Nghia's standard deviation. In reality, there are many statistical measures that can use Tin Nghia historical prices to predict the future Tin Nghia's volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.03) |
Tin Nghia Industrial Backtested Returns
Tin Nghia Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0078, which indicates the firm had a -0.0078% return per unit of risk over the last 3 months. Tin Nghia Industrial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tin Nghia's Variance of 1.46, coefficient of variation of (43,398), and Risk Adjusted Performance of 0.0023 to confirm the risk estimate we provide. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tin Nghia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tin Nghia is expected to be smaller as well. At this point, Tin Nghia Industrial has a negative expected return of -0.0094%. Please make sure to validate Tin Nghia's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Tin Nghia Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Tin Nghia Industrial has good predictability. Overlapping area represents the amount of predictability between Tin Nghia time series from 15th of November 2024 to 30th of November 2024 and 30th of November 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 Tin Nghia Industrial price movement. The serial correlation of 0.75 indicates that around 75.0% of current Tin Nghia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 203.2 K |
Tin Nghia Industrial lagged returns against current returns
Autocorrelation, which is Tin Nghia 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 Tin Nghia's stock expected returns. We can calculate the autocorrelation of Tin Nghia returns to help us make a trade decision. For example, suppose you find that Tin Nghia 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 |
Tin Nghia 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 Tin Nghia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tin Nghia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tin Nghia stock over time.
Current vs Lagged Prices |
| Timeline |
Tin Nghia Lagged Returns
When evaluating Tin Nghia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tin Nghia stock have on its future price. Tin Nghia 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, Tin Nghia autocorrelation shows the relationship between Tin Nghia stock current value and its past values and can show if there is a momentum factor associated with investing in Tin Nghia Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Tin Nghia
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 Tin Nghia 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 Tin Nghia will appreciate offsetting losses from the drop in the long position's value.Moving together with Tin Stock
| 0.81 | ADS | Damsan JSC | PairCorr |
| 0.88 | AAA | An Phat Plastic | PairCorr |
| 0.7 | AME | Alphanam ME | PairCorr |
| 0.64 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Tin Nghia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tin Nghia 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 Tin Nghia - 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 Tin Nghia Industrial to buy it.
The correlation of Tin Nghia 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 Tin Nghia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tin Nghia Industrial 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 Tin Nghia 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 Tin Stock
Tin Nghia financial ratios help investors to determine whether Tin 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 Tin with respect to the benefits of owning Tin Nghia security.