Taeyang Metal (Korea) Market Value
| 004105 Stock | 4,650 70.00 1.53% |
| Symbol | Taeyang |
Taeyang Metal '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 Taeyang Metal'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 Taeyang Metal.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Taeyang Metal on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Taeyang Metal Industrial or generate 0.0% return on investment in Taeyang Metal over 720 days. Taeyang Metal is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Taeyang Metal 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 Taeyang Metal'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 Taeyang Metal Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.3 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 4.62 |
Taeyang Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taeyang Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taeyang Metal's standard deviation. In reality, there are many statistical measures that can use Taeyang Metal historical prices to predict the future Taeyang Metal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.1133 |
Taeyang Metal Industrial Backtested Returns
Taeyang Metal Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0499, which indicates the firm had a -0.0499% return per unit of risk over the last 3 months. Taeyang Metal Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taeyang Metal's Variance of 6.83, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,171) to confirm the risk estimate we provide. The entity has a beta of -0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Taeyang Metal are expected to decrease at a much lower rate. During the bear market, Taeyang Metal is likely to outperform the market. At this point, Taeyang Metal Industrial has a negative expected return of -0.13%. Please make sure to validate Taeyang Metal's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taeyang Metal Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Taeyang Metal Industrial has modest reverse predictability. Overlapping area represents the amount of predictability between Taeyang Metal time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Taeyang Metal Industrial price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Taeyang Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 2.9 M |
Taeyang Metal Industrial lagged returns against current returns
Autocorrelation, which is Taeyang Metal 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 Taeyang Metal's stock expected returns. We can calculate the autocorrelation of Taeyang Metal returns to help us make a trade decision. For example, suppose you find that Taeyang Metal 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 |
Taeyang Metal 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 Taeyang Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taeyang Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taeyang Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Taeyang Metal Lagged Returns
When evaluating Taeyang Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taeyang Metal stock have on its future price. Taeyang Metal 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, Taeyang Metal autocorrelation shows the relationship between Taeyang Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Taeyang Metal Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Taeyang Metal
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 Taeyang Metal 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 Taeyang Metal will appreciate offsetting losses from the drop in the long position's value.Moving together with Taeyang Stock
The ability to find closely correlated positions to Taeyang Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taeyang Metal 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 Taeyang Metal - 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 Taeyang Metal Industrial to buy it.
The correlation of Taeyang Metal 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 Taeyang Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taeyang Metal 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 Taeyang Metal 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 Taeyang Stock
Taeyang Metal financial ratios help investors to determine whether Taeyang 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 Taeyang with respect to the benefits of owning Taeyang Metal security.