Construction JSC (Vietnam) Market Value
| VC1 Stock | 8,500 200.00 2.30% |
| Symbol | Construction |
Construction JSC '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 Construction JSC'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 Construction JSC.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in Construction JSC on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Construction JSC N0 or generate 0.0% return on investment in Construction JSC over 720 days.
Construction JSC 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 Construction JSC'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 Construction JSC N0 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.3 | |||
| Information Ratio | 0.0139 | |||
| Maximum Drawdown | 19.89 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.3 |
Construction JSC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Construction JSC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Construction JSC's standard deviation. In reality, there are many statistical measures that can use Construction JSC historical prices to predict the future Construction JSC's volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | 0.1074 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0118 | |||
| Treynor Ratio | (0.20) |
Construction JSC Backtested Returns
As of now, Construction Stock is very steady. Construction JSC secures Sharpe Ratio (or Efficiency) of 0.0113, which signifies that the company had a 0.0113% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Construction JSC N0, which you can use to evaluate the volatility of the firm. Please confirm Construction JSC's Risk Adjusted Performance of 0.0244, mean deviation of 4.02, and Downside Deviation of 6.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.0631%. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Construction JSC are expected to decrease at a much lower rate. During the bear market, Construction JSC is likely to outperform the market. Construction JSC right now shows a risk of 5.57%. Please confirm Construction JSC treynor ratio, expected short fall, day typical price, as well as the relationship between the potential upside and daily balance of power , to decide if Construction JSC will be following its price patterns.
Auto-correlation | 0.16 |
Very weak predictability
Construction JSC N0 has very weak predictability. Overlapping area represents the amount of predictability between Construction JSC time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th 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 Construction JSC price movement. The serial correlation of 0.16 indicates that over 16.0% of current Construction JSC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 311.1 K |
Construction JSC lagged returns against current returns
Autocorrelation, which is Construction JSC 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 Construction JSC's stock expected returns. We can calculate the autocorrelation of Construction JSC returns to help us make a trade decision. For example, suppose you find that Construction JSC 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 |
Construction JSC 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 Construction JSC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Construction JSC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Construction JSC stock over time.
Current vs Lagged Prices |
| Timeline |
Construction JSC Lagged Returns
When evaluating Construction JSC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Construction JSC stock have on its future price. Construction JSC 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, Construction JSC autocorrelation shows the relationship between Construction JSC stock current value and its past values and can show if there is a momentum factor associated with investing in Construction JSC N0.
Regressed Prices |
| Timeline |
Pair Trading with Construction JSC
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 Construction JSC 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 Construction JSC will appreciate offsetting losses from the drop in the long position's value.Moving against Construction Stock
| 0.53 | ABS | Binhthuan Agriculture | PairCorr |
| 0.51 | FPT | FPT Corp | PairCorr |
| 0.47 | JVC | Japan Vietnam Medical | PairCorr |
| 0.41 | CSV | South Basic Chemicals | PairCorr |
| 0.38 | FMC | Sao Ta Foods | PairCorr |
The ability to find closely correlated positions to Construction JSC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Construction JSC 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 Construction JSC - 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 Construction JSC N0 to buy it.
The correlation of Construction JSC 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 Construction JSC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Construction JSC 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 Construction JSC 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.