Vnsteel Vicasa (Vietnam) Market Value
| VCA Stock | 10,000 100.00 0.99% |
| Symbol | Vnsteel |
Vnsteel Vicasa '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 Vnsteel Vicasa'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 Vnsteel Vicasa.
| 05/03/2025 |
| 08/01/2025 |
If you would invest 0.00 in Vnsteel Vicasa on May 3, 2025 and sell it all today you would earn a total of 0.00 from holding Vnsteel Vicasa JSC or generate 0.0% return on investment in Vnsteel Vicasa over 90 days. Vnsteel Vicasa is related to or competes with Fecon Mining, Vietnam JSCmmercial, Ba Ria, Vietnam Petroleum, Hai An, and BaoMinh Insurance. More
Vnsteel Vicasa 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 Vnsteel Vicasa'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 Vnsteel Vicasa JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 6.73 |
Vnsteel Vicasa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vnsteel Vicasa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vnsteel Vicasa's standard deviation. In reality, there are many statistical measures that can use Vnsteel Vicasa historical prices to predict the future Vnsteel Vicasa's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | 0.117 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.09) |
Vnsteel Vicasa JSC Backtested Returns
As of now, Vnsteel Stock is very steady. Vnsteel Vicasa JSC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.015, which indicates the firm had a 0.015 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Vnsteel Vicasa JSC, which you can use to evaluate the volatility of the company. Please validate Vnsteel Vicasa's Semi Deviation of 2.42, risk adjusted performance of 0.0234, and Coefficient Of Variation of 4660.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0386%. Vnsteel Vicasa has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Vnsteel Vicasa are expected to decrease at a much lower rate. During the bear market, Vnsteel Vicasa is likely to outperform the market. Vnsteel Vicasa JSC right now has a risk of 2.57%. Please validate Vnsteel Vicasa skewness, and the relationship between the potential upside and rate of daily change , to decide if Vnsteel Vicasa will be following its existing price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
Vnsteel Vicasa JSC has very good reverse predictability. Overlapping area represents the amount of predictability between Vnsteel Vicasa time series from 3rd of May 2025 to 17th of June 2025 and 17th of June 2025 to 1st of August 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 Vnsteel Vicasa JSC price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Vnsteel Vicasa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 600.2 K |
Vnsteel Vicasa JSC lagged returns against current returns
Autocorrelation, which is Vnsteel Vicasa 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 Vnsteel Vicasa's stock expected returns. We can calculate the autocorrelation of Vnsteel Vicasa returns to help us make a trade decision. For example, suppose you find that Vnsteel Vicasa 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 |
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Vnsteel Vicasa 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 Vnsteel Vicasa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vnsteel Vicasa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vnsteel Vicasa stock over time.
Current vs Lagged Prices |
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Vnsteel Vicasa Lagged Returns
When evaluating Vnsteel Vicasa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vnsteel Vicasa stock have on its future price. Vnsteel Vicasa 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, Vnsteel Vicasa autocorrelation shows the relationship between Vnsteel Vicasa stock current value and its past values and can show if there is a momentum factor associated with investing in Vnsteel Vicasa JSC.
Regressed Prices |
| Timeline |
Pair Trading with Vnsteel Vicasa
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 Vnsteel Vicasa 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 Vnsteel Vicasa will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Vnsteel Vicasa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vnsteel Vicasa 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 Vnsteel Vicasa - 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 Vnsteel Vicasa JSC to buy it.
The correlation of Vnsteel Vicasa 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 Vnsteel Vicasa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vnsteel Vicasa 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 Vnsteel Vicasa 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 Vnsteel Stock
Vnsteel Vicasa financial ratios help investors to determine whether Vnsteel 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 Vnsteel with respect to the benefits of owning Vnsteel Vicasa security.