VinFast Auto Correlations
| VFS Stock | 2.56 0.18 6.57% |
The correlation of VinFast Auto 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 VinFast Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VinFast Auto Ltd 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.
Good diversification
The correlation between VinFast Auto Ltd and NYA is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VinFast Auto Ltd and NYA in the same portfolio, assuming nothing else is changed.
VinFast |
The ability to find closely correlated positions to VinFast Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VinFast Auto 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 VinFast Auto - 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 VinFast Auto Ltd to buy it.
Moving together with VinFast Stock
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Moving against VinFast Stock
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| 0.53 | AN | AutoNation | PairCorr |
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| 0.43 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in VinFast Auto without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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VinFast Auto Corporate Management
Elected by the shareholders, the VinFast Auto's board of directors comprises two types of representatives: VinFast Auto inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VinFast. The board's role is to monitor VinFast Auto's management team and ensure that shareholders' interests are well served. VinFast Auto's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, VinFast Auto's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anh Nguyen | Chief Officer | Profile | |
| Chau Pham | Chief India | Profile | |
| Trinh Le | Deputy Technology | Profile | |
| Stuart Taylor | Deputy Services | Profile | |
| Michael Johnson | Deputy Manufacturing | Profile |
Already Invested in VinFast Auto Ltd?
The danger of trading VinFast Auto Ltd is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of VinFast Auto is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than VinFast Auto. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VinFast Auto is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether VinFast Auto is a strong investment it is important to analyze VinFast Auto's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VinFast Auto's future performance. For an informed investment choice regarding VinFast Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VinFast Auto Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the VinFast Auto information on this page should be used as a complementary analysis to other VinFast Auto's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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When running VinFast Auto's price analysis, check to measure VinFast Auto'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 VinFast Auto is operating at the current time. Most of VinFast Auto's value examination focuses on studying past and present price action to predict the probability of VinFast Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VinFast Auto's price. Additionally, you may evaluate how the addition of VinFast Auto to your portfolios can decrease your overall portfolio volatility.
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Is VinFast Auto's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of VinFast Auto. If investors know VinFast will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about VinFast Auto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.99) | Revenue Per Share 9.4 K | Quarterly Revenue Growth 1.593 | Return On Assets (0.22) |
The market value of VinFast Auto is measured differently than its book value, which is the value of VinFast that is recorded on the company's balance sheet. Investors also form their own opinion of VinFast Auto's value that differs from its market value or its book value, called intrinsic value, which is VinFast Auto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VinFast Auto's market value can be influenced by many factors that don't directly affect VinFast Auto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VinFast Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if VinFast Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VinFast Auto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.