Vegetexco Port (Vietnam) Market Value
| VGP Stock | 32,500 500.00 1.56% |
| Symbol | Vegetexco |
Vegetexco Port '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 Vegetexco Port'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 Vegetexco Port.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Vegetexco Port on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Vegetexco Port JSC or generate 0.0% return on investment in Vegetexco Port over 720 days.
Vegetexco Port 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 Vegetexco Port'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 Vegetexco Port JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 9.41 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.26 |
Vegetexco Port Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vegetexco Port's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vegetexco Port's standard deviation. In reality, there are many statistical measures that can use Vegetexco Port historical prices to predict the future Vegetexco Port's volatility.| Risk Adjusted Performance | 0.1302 | |||
| Jensen Alpha | 0.2175 | |||
| Total Risk Alpha | 0.1453 | |||
| Sortino Ratio | 0.1227 | |||
| Treynor Ratio | 1.04 |
Vegetexco Port JSC Backtested Returns
As of now, Vegetexco Stock is very steady. Vegetexco Port JSC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vegetexco Port JSC, which you can use to evaluate the volatility of the company. Please validate Vegetexco Port's Risk Adjusted Performance of 0.1302, coefficient of variation of 632.56, and Semi Deviation of 0.9366 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Vegetexco Port has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vegetexco Port's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vegetexco Port is expected to be smaller as well. Vegetexco Port JSC right now has a risk of 1.47%. Please validate Vegetexco Port total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Vegetexco Port will be following its existing price patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
Vegetexco Port JSC has modest reverse predictability. Overlapping area represents the amount of predictability between Vegetexco Port time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 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 Vegetexco Port JSC price movement. The serial correlation of -0.46 indicates that about 46.0% of current Vegetexco Port price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 4.1 M |
Vegetexco Port JSC lagged returns against current returns
Autocorrelation, which is Vegetexco Port 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 Vegetexco Port's stock expected returns. We can calculate the autocorrelation of Vegetexco Port returns to help us make a trade decision. For example, suppose you find that Vegetexco Port 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 |
Vegetexco Port 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 Vegetexco Port stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vegetexco Port stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vegetexco Port stock over time.
Current vs Lagged Prices |
| Timeline |
Vegetexco Port Lagged Returns
When evaluating Vegetexco Port's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vegetexco Port stock have on its future price. Vegetexco Port 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, Vegetexco Port autocorrelation shows the relationship between Vegetexco Port stock current value and its past values and can show if there is a momentum factor associated with investing in Vegetexco Port JSC.
Regressed Prices |
| Timeline |
Pair Trading with Vegetexco Port
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 Vegetexco Port 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 Vegetexco Port will appreciate offsetting losses from the drop in the long position's value.Moving together with Vegetexco Stock
The ability to find closely correlated positions to Vegetexco Port could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vegetexco Port 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 Vegetexco Port - 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 Vegetexco Port JSC to buy it.
The correlation of Vegetexco Port 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 Vegetexco Port moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vegetexco Port 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 Vegetexco Port 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.