Vinhomes JSC (Vietnam) Market Value
| VHM Stock | 40,300 100.00 0.25% |
| Symbol | Vinhomes |
Vinhomes 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 Vinhomes 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 Vinhomes JSC.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Vinhomes JSC on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Vinhomes JSC or generate 0.0% return on investment in Vinhomes JSC over 180 days. Vinhomes JSC is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Vinhomes 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 Vinhomes 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 Vinhomes JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.34 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 3.43 |
Vinhomes JSC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vinhomes JSC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vinhomes JSC's standard deviation. In reality, there are many statistical measures that can use Vinhomes JSC historical prices to predict the future Vinhomes JSC's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (2.28) |
Vinhomes JSC Backtested Returns
Vinhomes JSC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0514, which indicates the firm had a -0.0514% return per unit of risk over the last 3 months. Vinhomes JSC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vinhomes JSC's Variance of 3.95, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,896) to confirm the risk estimate we provide. The entity has a beta of 0.0504, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vinhomes JSC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vinhomes JSC is expected to be smaller as well. At this point, Vinhomes JSC has a negative expected return of -0.1%. Please make sure to validate Vinhomes JSC's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Vinhomes JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Vinhomes JSC has poor reverse predictability. Overlapping area represents the amount of predictability between Vinhomes JSC time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 Vinhomes JSC price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Vinhomes JSC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 3.5 M |
Vinhomes JSC lagged returns against current returns
Autocorrelation, which is Vinhomes 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 Vinhomes JSC's stock expected returns. We can calculate the autocorrelation of Vinhomes JSC returns to help us make a trade decision. For example, suppose you find that Vinhomes 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 |
Vinhomes 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 Vinhomes JSC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vinhomes JSC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vinhomes JSC stock over time.
Current vs Lagged Prices |
| Timeline |
Vinhomes JSC Lagged Returns
When evaluating Vinhomes JSC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vinhomes JSC stock have on its future price. Vinhomes 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, Vinhomes JSC autocorrelation shows the relationship between Vinhomes JSC stock current value and its past values and can show if there is a momentum factor associated with investing in Vinhomes JSC.
Regressed Prices |
| Timeline |
Pair Trading with Vinhomes 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 Vinhomes 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 Vinhomes JSC will appreciate offsetting losses from the drop in the long position's value.Moving against Vinhomes Stock
| 0.67 | ELC | Elcom Technology Com | PairCorr |
| 0.56 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.46 | FPT | FPT Corp | PairCorr |
| 0.43 | CSV | South Basic Chemicals | PairCorr |
| 0.33 | SMA | Saigon Machinery Spare | PairCorr |
The ability to find closely correlated positions to Vinhomes 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 Vinhomes 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 Vinhomes 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 Vinhomes JSC to buy it.
The correlation of Vinhomes 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 Vinhomes JSC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vinhomes 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 Vinhomes 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.Other Information on Investing in Vinhomes Stock
Vinhomes JSC financial ratios help investors to determine whether Vinhomes 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 Vinhomes with respect to the benefits of owning Vinhomes JSC security.