Shinil Industrial (Korea) Market Value
| 002700 Stock | 1,427 7.00 0.49% |
| Symbol | Shinil |
Please note, there is a significant difference between Shinil Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shinil Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shinil Industrial'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.
Shinil Industrial '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 Shinil Industrial'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 Shinil Industrial.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Shinil Industrial on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Shinil Industrial Co or generate 0.0% return on investment in Shinil Industrial over 30 days. Shinil Industrial is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
Shinil Industrial 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 Shinil Industrial'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 Shinil Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.91 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.27 |
Shinil Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinil Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinil Industrial's standard deviation. In reality, there are many statistical measures that can use Shinil Industrial historical prices to predict the future Shinil Industrial's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.81) |
Shinil Industrial Backtested Returns
Shinil Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0343, which indicates the firm had a -0.0343% return per unit of risk over the last 3 months. Shinil Industrial Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shinil Industrial's Coefficient Of Variation of (1,907), risk adjusted performance of (0.04), and Variance of 2.05 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shinil Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinil Industrial is expected to be smaller as well. At this point, Shinil Industrial has a negative expected return of -0.0507%. Please make sure to validate Shinil Industrial's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Shinil Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Shinil Industrial Co has modest predictability. Overlapping area represents the amount of predictability between Shinil Industrial time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shinil Industrial price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Shinil Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 40.96 |
Shinil Industrial lagged returns against current returns
Autocorrelation, which is Shinil Industrial 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 Shinil Industrial's stock expected returns. We can calculate the autocorrelation of Shinil Industrial returns to help us make a trade decision. For example, suppose you find that Shinil Industrial 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 |
Shinil Industrial 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 Shinil Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinil Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinil Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Shinil Industrial Lagged Returns
When evaluating Shinil Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinil Industrial stock have on its future price. Shinil Industrial 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, Shinil Industrial autocorrelation shows the relationship between Shinil Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Shinil Industrial Co.
Regressed Prices |
| Timeline |
Pair Trading with Shinil Industrial
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 Shinil Industrial 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 Shinil Industrial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Shinil Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinil Industrial 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 Shinil Industrial - 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 Shinil Industrial Co to buy it.
The correlation of Shinil Industrial 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 Shinil Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinil Industrial 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 Shinil Industrial 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 Shinil Stock
Shinil Industrial financial ratios help investors to determine whether Shinil 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 Shinil with respect to the benefits of owning Shinil Industrial security.