SGC Energy (Korea) Market Value
| 005090 Stock | 25,500 600.00 2.30% |
| Symbol | SGC |
SGC Energy '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 SGC Energy'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 SGC Energy.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in SGC Energy on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding SGC Energy Co or generate 0.0% return on investment in SGC Energy over 210 days. SGC Energy is related to or competes with FNC Entertainment, Next Entertainment, Homecast CoLtd, Home Center, Kaonmedia, and Tway Air. More
SGC Energy 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 SGC Energy'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 SGC Energy Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 1.97 |
SGC Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SGC Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SGC Energy's standard deviation. In reality, there are many statistical measures that can use SGC Energy historical prices to predict the future SGC Energy's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.3251 |
SGC Energy Backtested Returns
SGC Energy retains Efficiency (Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of volatility over the last 3 months. SGC Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SGC Energy's risk adjusted performance of (0.07), and Standard Deviation of 1.5 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SGC Energy are expected to decrease at a much lower rate. During the bear market, SGC Energy is likely to outperform the market. At this point, SGC Energy has a negative expected return of -0.16%. Please make sure to validate SGC Energy's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if SGC Energy performance from the past will be repeated in the future.
Auto-correlation | -0.42 |
Modest reverse predictability
SGC Energy Co has modest reverse predictability. Overlapping area represents the amount of predictability between SGC Energy time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 SGC Energy price movement. The serial correlation of -0.42 indicates that just about 42.0% of current SGC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 M |
SGC Energy lagged returns against current returns
Autocorrelation, which is SGC Energy 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 SGC Energy's stock expected returns. We can calculate the autocorrelation of SGC Energy returns to help us make a trade decision. For example, suppose you find that SGC Energy 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 |
SGC Energy 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 SGC Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SGC Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SGC Energy stock over time.
Current vs Lagged Prices |
| Timeline |
SGC Energy Lagged Returns
When evaluating SGC Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SGC Energy stock have on its future price. SGC Energy 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, SGC Energy autocorrelation shows the relationship between SGC Energy stock current value and its past values and can show if there is a momentum factor associated with investing in SGC Energy Co.
Regressed Prices |
| Timeline |
Pair Trading with SGC Energy
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 SGC Energy 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 SGC Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with SGC Stock
| 0.76 | 051910 | LG Chemicals | PairCorr |
| 0.74 | 005490 | POSCO Holdings | PairCorr |
| 0.71 | 009830 | Hanwha Solutions | PairCorr |
| 0.85 | 004020 | Hyundai Steel | PairCorr |
Moving against SGC Stock
The ability to find closely correlated positions to SGC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SGC Energy 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 SGC Energy - 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 SGC Energy Co to buy it.
The correlation of SGC Energy 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 SGC Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SGC Energy 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 SGC Energy 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 SGC Stock
SGC Energy financial ratios help investors to determine whether SGC 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 SGC with respect to the benefits of owning SGC Energy security.