Tin Nghia (Vietnam) Market Value

TIP Stock   22,850  50.00  0.22%   
Tin Nghia's market value is the price at which a share of Tin Nghia trades on a public exchange. It measures the collective expectations of Tin Nghia Industrial investors about its performance. Tin Nghia is selling at 22850.00 as of the 15th of December 2024; that is 0.22 percent decrease since the beginning of the trading day. The stock's open price was 22900.0.
With this module, you can estimate the performance of a buy and hold strategy of Tin Nghia Industrial and determine expected loss or profit from investing in Tin Nghia over a given investment horizon. Check out Tin Nghia Correlation, Tin Nghia Volatility and Tin Nghia Alpha and Beta module to complement your research on Tin Nghia.
Symbol

Please note, there is a significant difference between Tin Nghia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tin Nghia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tin Nghia'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.

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.
0.00
11/15/2024
No Change 0.00  0.0 
In 30 days
12/15/2024
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
22,84922,85022,851
Details
Intrinsic
Valuation
LowRealHigh
22,71122,71225,135
Details
Naive
Forecast
LowNextHigh
23,32023,32123,322
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21,22722,21223,196
Details

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 Coefficient0.75
Spearman Rank Test0.54
Residual Average0.0
Price Variance203.2 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

  0.81ADS Damsan JSCPairCorr
  0.88AAA An Phat PlasticPairCorr
  0.7AME Alphanam MEPairCorr
  0.64APG APG Securities JointPairCorr
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.
Pair CorrelationCorrelation Matching

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.