VIGLACERA HALO (Vietnam) Market Value
| VHL Stock | 10,000 0.00 0.00% |
| Symbol | VIGLACERA |
VIGLACERA HALO '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 VIGLACERA HALO'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 VIGLACERA HALO.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in VIGLACERA HALO on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding VIGLACERA HALO or generate 0.0% return on investment in VIGLACERA HALO over 30 days.
VIGLACERA HALO 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 VIGLACERA HALO'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 VIGLACERA HALO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.43 | |||
| Value At Risk | (8.40) | |||
| Potential Upside | 8.57 |
VIGLACERA HALO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VIGLACERA HALO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VIGLACERA HALO's standard deviation. In reality, there are many statistical measures that can use VIGLACERA HALO historical prices to predict the future VIGLACERA HALO's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.02) |
VIGLACERA HALO Backtested Returns
VIGLACERA HALO owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0042, which indicates the firm had a -0.0042% return per unit of volatility over the last 3 months. VIGLACERA HALO exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VIGLACERA HALO's risk adjusted performance of 0.008, and Variance of 28.65 to confirm the risk estimate we provide. The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VIGLACERA HALO's returns are expected to increase less than the market. However, during the bear market, the loss of holding VIGLACERA HALO is expected to be smaller as well. At this point, VIGLACERA HALO has a negative expected return of -0.0208%. Please make sure to validate VIGLACERA HALO's standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis , to decide if VIGLACERA HALO performance from the past will be repeated at future time.
Auto-correlation | 0.47 |
Average predictability
VIGLACERA HALO has average predictability. Overlapping area represents the amount of predictability between VIGLACERA HALO 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 VIGLACERA HALO price movement. The serial correlation of 0.47 indicates that about 47.0% of current VIGLACERA HALO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1875.0 |
VIGLACERA HALO lagged returns against current returns
Autocorrelation, which is VIGLACERA HALO 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 VIGLACERA HALO's stock expected returns. We can calculate the autocorrelation of VIGLACERA HALO returns to help us make a trade decision. For example, suppose you find that VIGLACERA HALO 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 |
VIGLACERA HALO 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 VIGLACERA HALO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VIGLACERA HALO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VIGLACERA HALO stock over time.
Current vs Lagged Prices |
| Timeline |
VIGLACERA HALO Lagged Returns
When evaluating VIGLACERA HALO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VIGLACERA HALO stock have on its future price. VIGLACERA HALO 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, VIGLACERA HALO autocorrelation shows the relationship between VIGLACERA HALO stock current value and its past values and can show if there is a momentum factor associated with investing in VIGLACERA HALO.
Regressed Prices |
| Timeline |
Pair Trading with VIGLACERA HALO
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 VIGLACERA HALO 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 VIGLACERA HALO will appreciate offsetting losses from the drop in the long position's value.Moving against VIGLACERA Stock
| 0.54 | FPT | FPT Corp | PairCorr |
| 0.52 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.49 | ELC | Elcom Technology Com | PairCorr |
| 0.46 | BCF | Bich Chi Food | PairCorr |
| 0.44 | CSV | South Basic Chemicals | PairCorr |
The ability to find closely correlated positions to VIGLACERA HALO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VIGLACERA HALO 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 VIGLACERA HALO - 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 VIGLACERA HALO to buy it.
The correlation of VIGLACERA HALO 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 VIGLACERA HALO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VIGLACERA HALO 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 VIGLACERA HALO 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.