# HNX 30 (Vietnam) Market Value

HNX30 Index | 489.98 1.29 0.26% |

**489.98**as of the 9th of November 2024. This is a

**0.26% down**since the beginning of the trading day. The index's open price was

**491.27**. 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. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Symbol | HNX |

## 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.

11/20/2022 |
| 11/09/2024 |

If you would invest

**0.00**in HNX 30 on**November 20, 2022**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**720**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 Deviation | 0.7083 | |||

Information Ratio | (0.16) | |||

Maximum Drawdown | 6.24 | |||

Value At Risk | (1.17) | |||

Potential Upside | 1.36 |

## 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 Performance | 0.0147 | |||

Total Risk Alpha | (0.19) | |||

Sortino Ratio | (0.21) |

## HNX 30 Backtested Returns

HNX 30 holds Efficiency (Sharpe) Ratio of -0.0346, which attests that the entity had a -0.0346% return per unit of standard deviation over the last 3 months. HNX 30 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index retains a Market Volatility (i.e., Beta) of

**0.0**, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HNX 30 are completely uncorrelated.## Auto-correlation | 0.26 |

### Poor predictability

HNX 30 has poor predictability. Overlapping area represents the amount of predictability between HNX 30 time series from 20th of November 2022 to 15th of November 2023 and 15th of November 2023 to 9th of November 2024. 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

**0.26**indicates that nearly 26.0% of current HNX 30 price fluctuation can be explain by its past prices.Correlation Coefficient | 0.26 | |

Spearman Rank Test | 0.28 | |

Residual Average | 0.0 | |

Price Variance | 432.43 |

## 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 has exhibited high autocorrelation historically, and you observe that the index 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 |

## 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 |