Nam Mu (Vietnam) Market Value
| HJS Stock | 28,300 0.00 0.00% |
| Symbol | Nam |
Nam Mu '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 Nam Mu'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 Nam Mu.
| 05/02/2025 |
| 07/31/2025 |
If you would invest 0.00 in Nam Mu on May 2, 2025 and sell it all today you would earn a total of 0.00 from holding Nam Mu Hydropower or generate 0.0% return on investment in Nam Mu over 90 days.
Nam Mu 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 Nam Mu'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 Nam Mu Hydropower upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 14.74 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 6.41 |
Nam Mu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nam Mu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nam Mu's standard deviation. In reality, there are many statistical measures that can use Nam Mu historical prices to predict the future Nam Mu's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.10) | |||
| Treynor Ratio | (1.52) |
Nam Mu Hydropower Backtested Returns
Nam Mu Hydropower has Sharpe Ratio of -0.0833, which conveys that the firm had a -0.0833 % return per unit of risk over the last 3 months. Nam Mu exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nam Mu's Mean Deviation of 2.71, risk adjusted performance of (0.06), and Standard Deviation of 3.78 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nam Mu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nam Mu is expected to be smaller as well. At this point, Nam Mu Hydropower has a negative expected return of -0.31%. Please make sure to verify Nam Mu's variance, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Nam Mu Hydropower performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Nam Mu Hydropower has very weak reverse predictability. Overlapping area represents the amount of predictability between Nam Mu time series from 2nd of May 2025 to 16th of June 2025 and 16th of June 2025 to 31st 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 Nam Mu Hydropower price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Nam Mu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1 M |
Nam Mu Hydropower lagged returns against current returns
Autocorrelation, which is Nam Mu 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 Nam Mu's stock expected returns. We can calculate the autocorrelation of Nam Mu returns to help us make a trade decision. For example, suppose you find that Nam Mu 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 |
Nam Mu 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 Nam Mu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nam Mu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nam Mu stock over time.
Current vs Lagged Prices |
| Timeline |
Nam Mu Lagged Returns
When evaluating Nam Mu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nam Mu stock have on its future price. Nam Mu 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, Nam Mu autocorrelation shows the relationship between Nam Mu stock current value and its past values and can show if there is a momentum factor associated with investing in Nam Mu Hydropower.
Regressed Prices |
| Timeline |
Pair Trading with Nam Mu
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 Nam Mu 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 Nam Mu will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nam Mu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nam Mu 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 Nam Mu - 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 Nam Mu Hydropower to buy it.
The correlation of Nam Mu 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 Nam Mu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nam Mu Hydropower 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 Nam Mu 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.