HNX 30 (Vietnam) Market Value

Indexes . Vietnam . 
Index . HNX 30
HNX30 Index   405.77  1.63  0.40%   
HNX 30's market value is the price at which a share of HNX 30 stock trades on a public exchange. It measures the collective expectations of HNX 30 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of HNX 30 and determine expected loss or profit from investing in HNX 30 over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios.
Symbol

HNX 30 '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 HNX 30's index 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 HNX 30.
0.00
04/30/2023
No Change 0.00  0.0 
In 31 days
05/30/2023
0.00
If you would invest  0.00  in HNX 30 on April 30, 2023 and sell it all today you would earn a total of 0.00 from holding HNX 30 or generate 0.0% return on investment in HNX 30 over 30 days.

HNX 30 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 HNX 30's index 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 HNX 30 upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation1.57
Information Ratio0.1239
Maximum Drawdown6.7
Value At Risk(2.32)
Potential Upside2.42

HNX 30 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for HNX 30's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HNX 30's standard deviation. In reality, there are many statistical measures that can use HNX 30 historical prices to predict the future HNX 30's volatility.
Risk Adjusted Performance0.0849
Total Risk Alpha0.2037
Sortino Ratio0.11
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of HNX 30's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of HNX 30 in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HNX 30. Your research has to be compared to or analyzed against HNX 30's peers to derive any actionable benefits. When done correctly, HNX 30's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in HNX 30.

HNX 30 Backtested Returns

HNX 30 holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had 0.15% of return per unit of standard deviation over the last 3 months. Our approach into determining the volatility of an index is to use all available market data together with index-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for HNX 30, which you can use to evaluate the future volatility of the entity.
The index retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. Let's try to break down what HNX's beta means in this case. the returns on MARKET and HNX 30 are completely uncorrelated. Although it is important to respect HNX 30 current price history, it is better to be realistic regarding the information on the equity's current price movements. The approach into determining future performance of any index is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing HNX 30 technical indicators, you can now evaluate if the expected return of 0.19% will be sustainable into the future.

Auto-correlation

    
  0.64  

Good predictability

HNX 30 has good predictability. Overlapping area represents the amount of predictability between HNX 30 time series from 30th of April 2023 to 15th of May 2023 and 15th of May 2023 to 30th of May 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HNX 30 price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current HNX 30 price fluctuation can be explain by its past prices.
Correlation Coefficient0.64
Spearman Rank Test0.62
Residual Average0.0
Price Variance28.11

HNX 30 lagged returns against current returns

Autocorrelation, which is HNX 30 index'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 HNX 30's index expected returns. We can calculate the autocorrelation of HNX 30 returns to help us make a trade decision. For example, suppose you find that HNX 30 index 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

HNX 30 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 HNX 30 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HNX 30 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HNX 30 index over time.
   Current vs Lagged Prices   
       Timeline  

HNX 30 Lagged Returns

When evaluating HNX 30's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HNX 30 index have on its future price. HNX 30 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, HNX 30 autocorrelation shows the relationship between HNX 30 index current value and its past values and can show if there is a momentum factor associated with investing in HNX 30.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards HNX 30 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, HNX 30's short interest history, or implied volatility extrapolated from HNX 30 options trading.

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Complementary Tools for HNX Index analysis

When running HNX 30's price analysis, check to measure HNX 30's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HNX 30 is operating at the current time. Most of HNX 30's value examination focuses on studying past and present price action to predict the probability of HNX 30's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HNX 30's price. Additionally, you may evaluate how the addition of HNX 30 to your portfolios can decrease your overall portfolio volatility.
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HNX 30 technical index analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, index market cycles, or different charting patterns.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of HNX 30 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of HNX 30 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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