Danang Rubber (Vietnam) Market Value
| DRC Stock | 22,650 50.00 0.22% |
| Symbol | Danang |
Danang Rubber '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 Danang Rubber'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 Danang Rubber.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Danang Rubber on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Danang Rubber JSC or generate 0.0% return on investment in Danang Rubber over 90 days. Danang Rubber is related to or competes with Tay Ninh, Dong Nai, Elcom Technology, Nafoods Group, An Phat, Southern Rubber. More
Danang Rubber 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 Danang Rubber'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 Danang Rubber JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0565 | |||
| Maximum Drawdown | 11.44 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.52 |
Danang Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danang Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danang Rubber's standard deviation. In reality, there are many statistical measures that can use Danang Rubber historical prices to predict the future Danang Rubber's volatility.| Risk Adjusted Performance | 0.1361 | |||
| Jensen Alpha | 0.39 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0588 | |||
| Treynor Ratio | (0.44) |
Danang Rubber JSC Backtested Returns
Danang Rubber appears to be very steady, given 3 months investment horizon. Danang Rubber JSC secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Danang Rubber JSC, which you can use to evaluate the volatility of the firm. Please utilize Danang Rubber's Coefficient Of Variation of 691.25, mean deviation of 1.5, and Downside Deviation of 1.94 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Danang Rubber holds a performance score of 15. The firm shows a Beta (market volatility) of -0.64, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Danang Rubber are expected to decrease at a much lower rate. During the bear market, Danang Rubber is likely to outperform the market. Please check Danang Rubber'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 Danang Rubber's price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Danang Rubber JSC has good predictability. Overlapping area represents the amount of predictability between Danang Rubber time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Danang Rubber JSC price movement. The serial correlation of 0.68 indicates that around 68.0% of current Danang Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 612 K |
Danang Rubber JSC lagged returns against current returns
Autocorrelation, which is Danang Rubber 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 Danang Rubber's stock expected returns. We can calculate the autocorrelation of Danang Rubber returns to help us make a trade decision. For example, suppose you find that Danang Rubber 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 |
Danang Rubber 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 Danang Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danang Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danang Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Danang Rubber Lagged Returns
When evaluating Danang Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danang Rubber stock have on its future price. Danang Rubber 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, Danang Rubber autocorrelation shows the relationship between Danang Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Danang Rubber JSC.
Regressed Prices |
| Timeline |
Pair Trading with Danang Rubber
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 Danang Rubber 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 Danang Rubber will appreciate offsetting losses from the drop in the long position's value.Moving together with Danang Stock
The ability to find closely correlated positions to Danang Rubber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danang Rubber 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 Danang Rubber - 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 Danang Rubber JSC to buy it.
The correlation of Danang Rubber 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 Danang Rubber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danang Rubber 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 Danang Rubber 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 Danang Stock
Danang Rubber financial ratios help investors to determine whether Danang 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 Danang with respect to the benefits of owning Danang Rubber security.