Tay Ninh (Vietnam) Market Value
| TRC Stock | 51,800 700.00 1.33% |
| Symbol | Tay |
Tay Ninh '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 Tay Ninh'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 Tay Ninh.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Tay Ninh on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Tay Ninh Rubber or generate 0.0% return on investment in Tay Ninh over 720 days. Tay Ninh is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Tay Ninh 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 Tay Ninh'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 Tay Ninh Rubber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1687 | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 4.32 |
Tay Ninh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tay Ninh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tay Ninh's standard deviation. In reality, there are many statistical measures that can use Tay Ninh historical prices to predict the future Tay Ninh's volatility.| Risk Adjusted Performance | 0.1526 | |||
| Jensen Alpha | 0.3785 | |||
| Total Risk Alpha | 0.241 | |||
| Sortino Ratio | 0.2253 | |||
| Treynor Ratio | 0.888 |
Tay Ninh Rubber Backtested Returns
Tay Ninh appears to be very steady, given 3 months investment horizon. Tay Ninh Rubber owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tay Ninh Rubber, which you can use to evaluate the volatility of the company. Please review Tay Ninh's Semi Deviation of 1.12, coefficient of variation of 496.01, and Risk Adjusted Performance of 0.1526 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tay Ninh holds a performance score of 15. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tay Ninh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tay Ninh is expected to be smaller as well. Please check Tay Ninh's semi variance, as well as the relationship between the accumulation distribution and day typical price , to make a quick decision on whether Tay Ninh's existing price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Tay Ninh Rubber has insignificant predictability. Overlapping area represents the amount of predictability between Tay Ninh time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Tay Ninh Rubber price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Tay Ninh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 13.4 M |
Tay Ninh Rubber lagged returns against current returns
Autocorrelation, which is Tay Ninh 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 Tay Ninh's stock expected returns. We can calculate the autocorrelation of Tay Ninh returns to help us make a trade decision. For example, suppose you find that Tay Ninh 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 |
Tay Ninh 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 Tay Ninh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tay Ninh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tay Ninh stock over time.
Current vs Lagged Prices |
| Timeline |
Tay Ninh Lagged Returns
When evaluating Tay Ninh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tay Ninh stock have on its future price. Tay Ninh 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, Tay Ninh autocorrelation shows the relationship between Tay Ninh stock current value and its past values and can show if there is a momentum factor associated with investing in Tay Ninh Rubber.
Regressed Prices |
| Timeline |
Pair Trading with Tay Ninh
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 Tay Ninh 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 Tay Ninh will appreciate offsetting losses from the drop in the long position's value.Moving against Tay Stock
| 0.83 | AME | Alphanam ME | PairCorr |
| 0.69 | ADS | Damsan JSC | PairCorr |
| 0.69 | APG | APG Securities Joint | PairCorr |
| 0.68 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.65 | FIT | FIT INVEST JSC | PairCorr |
The ability to find closely correlated positions to Tay Ninh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tay Ninh 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 Tay Ninh - 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 Tay Ninh Rubber to buy it.
The correlation of Tay Ninh 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 Tay Ninh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tay Ninh Rubber 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 Tay Ninh 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 Tay Stock
Tay Ninh financial ratios help investors to determine whether Tay 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 Tay with respect to the benefits of owning Tay Ninh security.