Snet Systems Stock Forecast - Relative Strength Index
| 038680 Stock | KRW 4,280 20.00 0.47% |
Snet Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Snet Systems stock prices and determine the direction of Snet systems's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Snet Systems' historical fundamentals, such as revenue growth or operating cash flow patterns.
Snet |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 54.89 | 54.89 |
| Check Snet Systems Volatility | Backtest Snet Systems | Information Ratio |
Snet Systems Trading Date Momentum
| On February 05 2025 Snet systems was traded for 4,280 at the closing time. The highest price during the trading period was 4,330 and the lowest recorded bid was listed for 4,155 . There was no trading activity during the period 0.0. Lack of trading volume on February 5, 2025 did not result in any price rise and fall. The trading price change to the current price is 0.47% . |
Snet Systems Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Snet Systems stock to make a market-neutral strategy. Peer analysis of Snet Systems could also be used in its relative valuation, which is a method of valuing Snet Systems by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Snet Systems Market Strength Events
Market strength indicators help investors to evaluate how Snet Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Snet Systems shares will generate the highest return on investment. By undertsting and applying Snet Systems stock market strength indicators, traders can identify Snet systems entry and exit signals to maximize returns.
Snet Systems Risk Indicators
The analysis of Snet Systems' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Snet Systems' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting snet stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.65 | |||
| Semi Deviation | 2.32 | |||
| Standard Deviation | 3.95 | |||
| Variance | 15.59 | |||
| Downside Variance | 6.77 | |||
| Semi Variance | 5.4 | |||
| Expected Short fall | (3.28) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Snet Systems
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 Snet Systems 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 Snet Systems will appreciate offsetting losses from the drop in the long position's value.Moving against Snet Stock
| 0.71 | 051915 | LG Chem | PairCorr |
| 0.66 | 055550 | Shinhan Financial Earnings Call Tomorrow | PairCorr |
| 0.64 | 373220 | LG Energy Solution | PairCorr |
| 0.58 | 066570 | LG Electronics | PairCorr |
| 0.55 | 006400 | Samsung SDI | PairCorr |
The ability to find closely correlated positions to Snet Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snet Systems 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 Snet Systems - 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 Snet systems to buy it.
The correlation of Snet Systems 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 Snet Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snet systems 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 Snet Systems 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 Snet Stock
Snet Systems financial ratios help investors to determine whether Snet 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 Snet with respect to the benefits of owning Snet Systems security.