Samick Musical (Korea) Market Value
| 002450 Stock | 1,109 2.00 0.18% |
| Symbol | Samick |
Samick Musical '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 Samick Musical'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 Samick Musical.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Samick Musical on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Samick Musical Instruments or generate 0.0% return on investment in Samick Musical over 30 days. Samick Musical is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Samick Musical 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 Samick Musical'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 Samick Musical Instruments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.575 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.74 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.9083 |
Samick Musical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samick Musical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samick Musical's standard deviation. In reality, there are many statistical measures that can use Samick Musical historical prices to predict the future Samick Musical's volatility.| Risk Adjusted Performance | 0.11 | |||
| Jensen Alpha | 0.0649 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 1.26 |
Samick Musical Instr Backtested Returns
At this point, Samick Musical is very steady. Samick Musical Instr owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Samick Musical Instruments, which you can use to evaluate the volatility of the company. Please validate Samick Musical's Risk Adjusted Performance of 0.11, semi deviation of 0.3777, and Coefficient Of Variation of 672.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.0975%. Samick Musical has a performance score of 13 on a scale of 0 to 100. The entity has a beta of 0.0566, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samick Musical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Samick Musical is expected to be smaller as well. Samick Musical Instr right now has a risk of 0.56%. Please validate Samick Musical semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Samick Musical will be following its existing price patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Samick Musical Instruments has insignificant reverse predictability. Overlapping area represents the amount of predictability between Samick Musical time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Samick Musical Instr price movement. The serial correlation of -0.19 indicates that over 19.0% of current Samick Musical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 29.72 |
Samick Musical Instr lagged returns against current returns
Autocorrelation, which is Samick Musical 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 Samick Musical's stock expected returns. We can calculate the autocorrelation of Samick Musical returns to help us make a trade decision. For example, suppose you find that Samick Musical 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 |
Samick Musical 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 Samick Musical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samick Musical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samick Musical stock over time.
Current vs Lagged Prices |
| Timeline |
Samick Musical Lagged Returns
When evaluating Samick Musical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samick Musical stock have on its future price. Samick Musical 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, Samick Musical autocorrelation shows the relationship between Samick Musical stock current value and its past values and can show if there is a momentum factor associated with investing in Samick Musical Instruments.
Regressed Prices |
| Timeline |
Pair Trading with Samick Musical
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 Samick Musical 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 Samick Musical will appreciate offsetting losses from the drop in the long position's value.Moving together with Samick Stock
Moving against Samick Stock
| 0.9 | 033240 | Jahwa Electron | PairCorr |
| 0.85 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.79 | 302430 | Innometry | PairCorr |
| 0.72 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.72 | 053080 | Wonbang Tech | PairCorr |
The ability to find closely correlated positions to Samick Musical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samick Musical 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 Samick Musical - 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 Samick Musical Instruments to buy it.
The correlation of Samick Musical 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 Samick Musical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samick Musical Instr 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 Samick Musical 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 Samick Stock
Samick Musical financial ratios help investors to determine whether Samick 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 Samick with respect to the benefits of owning Samick Musical security.