Transimex Saigon (Vietnam) Market Value
| TMS Stock | 42,800 50.00 0.12% |
| Symbol | Transimex |
Transimex Saigon '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 Transimex Saigon'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 Transimex Saigon.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Transimex Saigon on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Transimex Saigon Corp or generate 0.0% return on investment in Transimex Saigon over 30 days.
Transimex Saigon 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 Transimex Saigon'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 Transimex Saigon Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 12.51 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 4.71 |
Transimex Saigon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transimex Saigon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transimex Saigon's standard deviation. In reality, there are many statistical measures that can use Transimex Saigon historical prices to predict the future Transimex Saigon's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (30.24) |
Transimex Saigon Corp Backtested Returns
Transimex Saigon Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.05, which indicates the firm had a -0.05% return per unit of risk over the last 3 months. Transimex Saigon Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transimex Saigon's Coefficient Of Variation of (1,352), risk adjusted performance of (0.05), and Variance of 7.66 to confirm the risk estimate we provide. The entity has a beta of 0.0071, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transimex Saigon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transimex Saigon is expected to be smaller as well. At this point, Transimex Saigon Corp has a negative expected return of -0.13%. Please make sure to validate Transimex Saigon's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Transimex Saigon Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Transimex Saigon Corp has weak predictability. Overlapping area represents the amount of predictability between Transimex Saigon time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Transimex Saigon Corp price movement. The serial correlation of 0.2 indicates that over 20.0% of current Transimex Saigon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 293.4 K |
Transimex Saigon Corp lagged returns against current returns
Autocorrelation, which is Transimex Saigon 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 Transimex Saigon's stock expected returns. We can calculate the autocorrelation of Transimex Saigon returns to help us make a trade decision. For example, suppose you find that Transimex Saigon 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 |
Transimex Saigon 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 Transimex Saigon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transimex Saigon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transimex Saigon stock over time.
Current vs Lagged Prices |
| Timeline |
Transimex Saigon Lagged Returns
When evaluating Transimex Saigon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transimex Saigon stock have on its future price. Transimex Saigon 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, Transimex Saigon autocorrelation shows the relationship between Transimex Saigon stock current value and its past values and can show if there is a momentum factor associated with investing in Transimex Saigon Corp.
Regressed Prices |
| Timeline |
Pair Trading with Transimex Saigon
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 Transimex Saigon 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 Transimex Saigon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Transimex Saigon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transimex Saigon 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 Transimex Saigon - 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 Transimex Saigon Corp to buy it.
The correlation of Transimex Saigon 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 Transimex Saigon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transimex Saigon Corp 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 Transimex Saigon 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.