Samsung Fire (Korea) Market Value
| 000810 Stock | 375,000 6,000 1.57% |
| Symbol | Samsung |
Samsung Fire '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 Samsung Fire'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 Samsung Fire.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Samsung Fire on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Samsung Fire Marine or generate 0.0% return on investment in Samsung Fire over 30 days. Samsung Fire is related to or competes with Lotte Data, LG Electronics, Inzi Display, DAEDUCK ELECTRONICS, ZUM Internet, Digital Power, and Nice Information. More
Samsung Fire 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 Samsung Fire'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 Samsung Fire Marine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0353 | |||
| Maximum Drawdown | 11.7 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.9 |
Samsung Fire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samsung Fire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samsung Fire's standard deviation. In reality, there are many statistical measures that can use Samsung Fire historical prices to predict the future Samsung Fire's volatility.| Risk Adjusted Performance | 0.0744 | |||
| Jensen Alpha | 0.1939 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0393 | |||
| Treynor Ratio | 1.77 |
Samsung Fire Marine Backtested Returns
Samsung Fire appears to be very steady, given 3 months investment horizon. Samsung Fire Marine owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0759, which indicates the firm had a 0.0759% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Samsung Fire Marine, which you can use to evaluate the volatility of the company. Please review Samsung Fire's Semi Deviation of 2.1, coefficient of variation of 1135.58, and Risk Adjusted Performance of 0.0744 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Samsung Fire holds a performance score of 5. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samsung Fire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Samsung Fire is expected to be smaller as well. Please check Samsung Fire's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Samsung Fire's existing price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Samsung Fire Marine has virtually no predictability. Overlapping area represents the amount of predictability between Samsung Fire time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Samsung Fire Marine price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Samsung Fire price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 297.2 M |
Samsung Fire Marine lagged returns against current returns
Autocorrelation, which is Samsung Fire 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 Samsung Fire's stock expected returns. We can calculate the autocorrelation of Samsung Fire returns to help us make a trade decision. For example, suppose you find that Samsung Fire 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 |
| Timeline |
Samsung Fire 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 Samsung Fire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samsung Fire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samsung Fire stock over time.
Current vs Lagged Prices |
| Timeline |
Samsung Fire Lagged Returns
When evaluating Samsung Fire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samsung Fire stock have on its future price. Samsung Fire 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, Samsung Fire autocorrelation shows the relationship between Samsung Fire stock current value and its past values and can show if there is a momentum factor associated with investing in Samsung Fire Marine.
Regressed Prices |
| Timeline |
Pair Trading with Samsung Fire
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 Samsung Fire 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 Samsung Fire will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Samsung Fire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samsung Fire 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 Samsung Fire - 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 Samsung Fire Marine to buy it.
The correlation of Samsung Fire 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 Samsung Fire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samsung Fire Marine 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 Samsung Fire 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 Samsung Stock
Samsung Fire financial ratios help investors to determine whether Samsung 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 Samsung with respect to the benefits of owning Samsung Fire security.