VBC (Vietnam) Market Value
| VBC Stock | 20,200 0.00 0.00% |
| Symbol | VBC |
VBC '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 VBC'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 VBC.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in VBC on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding VBC or generate 0.0% return on investment in VBC over 30 days.
VBC 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 VBC'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 VBC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.07 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.56 |
VBC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VBC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VBC's standard deviation. In reality, there are many statistical measures that can use VBC historical prices to predict the future VBC's volatility.| Risk Adjusted Performance | 0.014 | |||
| Jensen Alpha | 0.0104 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.09) |
VBC Backtested Returns
As of now, VBC Stock is very steady. VBC retains Efficiency (Sharpe Ratio) of 0.0614, which indicates the company had a 0.0614% return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for VBC, which you can use to evaluate the volatility of the entity. Please validate VBC's Mean Deviation of 0.9431, market risk adjusted performance of (0.08), and Standard Deviation of 1.39 to confirm if the risk estimate we provide is consistent with the expected return of 0.0847%. VBC has a performance score of 4 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.0792, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VBC are expected to decrease at a much lower rate. During the bear market, VBC is likely to outperform the market. VBC now owns a risk of 1.38%. Please validate VBC maximum drawdown, and the relationship between the jensen alpha and semi variance , to decide if VBC will be following its current price history.
Auto-correlation | 0.03 |
Virtually no predictability
VBC has virtually no predictability. Overlapping area represents the amount of predictability between VBC time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 VBC price movement. The serial correlation of 0.03 indicates that only 3.0% of current VBC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 26.9 K |
VBC lagged returns against current returns
Autocorrelation, which is VBC 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 VBC's stock expected returns. We can calculate the autocorrelation of VBC returns to help us make a trade decision. For example, suppose you find that VBC 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 |
VBC 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 VBC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VBC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VBC stock over time.
Current vs Lagged Prices |
| Timeline |
VBC Lagged Returns
When evaluating VBC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VBC stock have on its future price. VBC 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, VBC autocorrelation shows the relationship between VBC stock current value and its past values and can show if there is a momentum factor associated with investing in VBC.
Regressed Prices |
| Timeline |
Pair Trading with VBC
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 VBC 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 VBC will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to VBC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VBC 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 VBC - 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 VBC to buy it.
The correlation of VBC 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 VBC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VBC 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 VBC 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.