Samyung Trading (Korea) Market Value
| 002810 Stock | 13,000 40.00 0.31% |
| Symbol | Samyung |
Samyung Trading '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 Samyung Trading'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 Samyung Trading.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Samyung Trading on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Samyung Trading Co or generate 0.0% return on investment in Samyung Trading over 30 days. Samyung Trading is related to or competes with Dongwon Metal, Shinhan Inverse, Alton Sports, Daejung Chemicals, Digital Multimedia, and SM Entertainment. More
Samyung Trading 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 Samyung Trading'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 Samyung Trading Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.11 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.7098 |
Samyung Trading Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samyung Trading's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samyung Trading's standard deviation. In reality, there are many statistical measures that can use Samyung Trading historical prices to predict the future Samyung Trading's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (1.21) |
Samyung Trading Backtested Returns
At this point, Samyung Trading is very steady. Samyung Trading owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Samyung Trading Co, which you can use to evaluate the volatility of the company. Please validate Samyung Trading's Coefficient Of Variation of (2,334), risk adjusted performance of (0.04), and Variance of 0.2361 to confirm if the risk estimate we provide is consistent with the expected return of 0.0431%. Samyung Trading has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.0254, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samyung Trading's returns are expected to increase less than the market. However, during the bear market, the loss of holding Samyung Trading is expected to be smaller as well. Samyung Trading right now has a risk of 0.42%. Please validate Samyung Trading coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Samyung Trading will be following its existing price patterns.
Auto-correlation | 0.06 |
Virtually no predictability
Samyung Trading Co has virtually no predictability. Overlapping area represents the amount of predictability between Samyung Trading time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Samyung Trading price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Samyung Trading price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 14 K |
Samyung Trading lagged returns against current returns
Autocorrelation, which is Samyung Trading 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 Samyung Trading's stock expected returns. We can calculate the autocorrelation of Samyung Trading returns to help us make a trade decision. For example, suppose you find that Samyung Trading 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 |
Samyung Trading 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 Samyung Trading stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samyung Trading stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samyung Trading stock over time.
Current vs Lagged Prices |
| Timeline |
Samyung Trading Lagged Returns
When evaluating Samyung Trading's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samyung Trading stock have on its future price. Samyung Trading 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, Samyung Trading autocorrelation shows the relationship between Samyung Trading stock current value and its past values and can show if there is a momentum factor associated with investing in Samyung Trading Co.
Regressed Prices |
| Timeline |
Pair Trading with Samyung Trading
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 Samyung Trading 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 Samyung Trading will appreciate offsetting losses from the drop in the long position's value.Moving against Samyung Stock
The ability to find closely correlated positions to Samyung Trading could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samyung Trading 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 Samyung Trading - 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 Samyung Trading Co to buy it.
The correlation of Samyung Trading 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 Samyung Trading moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samyung Trading 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 Samyung Trading 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 Samyung Stock
Samyung Trading financial ratios help investors to determine whether Samyung 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 Samyung with respect to the benefits of owning Samyung Trading security.