Thong Nhat (Vietnam) Performance
| BAX Stock | 41,900 100.00 0.24% |
On a scale of 0 to 100, Thong Nhat holds a performance score of 6. The entity has a beta of -0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thong Nhat are expected to decrease at a much lower rate. During the bear market, Thong Nhat is likely to outperform the market. Please check Thong Nhat's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Thong Nhat's existing price patterns will revert.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Thong Nhat JSC are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Thong Nhat may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
Thong |
Thong Nhat Relative Risk vs. Return Landscape
If you would invest 3,850,000 in Thong Nhat JSC on September 28, 2024 and sell it today you would earn a total of 340,000 from holding Thong Nhat JSC or generate 8.83% return on investment over 90 days. Thong Nhat JSC is generating 0.1965% of daily returns assuming 2.4886% volatility of returns over the 90 days investment horizon. Simply put, 22% of all stocks have less volatile historical return distribution than Thong Nhat, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Thong Nhat Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thong Nhat's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Thong Nhat JSC, and traders can use it to determine the average amount a Thong Nhat's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0789
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | BAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Thong Nhat is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thong Nhat by adding it to a well-diversified portfolio.
Things to note about Thong Nhat JSC performance evaluation
Checking the ongoing alerts about Thong Nhat for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Thong Nhat JSC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Thong Nhat's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Thong Nhat's stock performance include:- Analyzing Thong Nhat's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Thong Nhat's stock is overvalued or undervalued compared to its peers.
- Examining Thong Nhat's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Thong Nhat's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Thong Nhat's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Thong Nhat's stock. These opinions can provide insight into Thong Nhat's potential for growth and whether the stock is currently undervalued or overvalued.