Samyoung Electronics (Korea) Market Value
| 005680 Stock | 10,200 30.00 0.29% |
| Symbol | Samyoung |
Samyoung Electronics '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 Samyoung Electronics' 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 Samyoung Electronics.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Samyoung Electronics on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Samyoung Electronics Co or generate 0.0% return on investment in Samyoung Electronics over 30 days. Samyoung Electronics is related to or competes with Kukdo Chemical, Ni Steel, Hanil Iron, Husteel, Chin Yang, Youngchang Chemical, and LG Chemicals. More
Samyoung Electronics 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 Samyoung Electronics' 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 Samyoung Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 7.9 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.79 |
Samyoung Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samyoung Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samyoung Electronics' standard deviation. In reality, there are many statistical measures that can use Samyoung Electronics historical prices to predict the future Samyoung Electronics' volatility.| Risk Adjusted Performance | 0.1367 | |||
| Jensen Alpha | 0.2131 | |||
| Total Risk Alpha | 0.0109 | |||
| Sortino Ratio | 0.0888 | |||
| Treynor Ratio | 1.42 |
Samyoung Electronics Backtested Returns
Samyoung Electronics appears to be very steady, given 3 months investment horizon. Samyoung Electronics 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 Samyoung Electronics Co, which you can use to evaluate the volatility of the company. Please review Samyoung Electronics' Risk Adjusted Performance of 0.1367, semi deviation of 0.8423, and Coefficient Of Variation of 580.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Samyoung Electronics holds a performance score of 13. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samyoung Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Samyoung Electronics is expected to be smaller as well. Please check Samyoung Electronics' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Samyoung Electronics' existing price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Samyoung Electronics Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Samyoung Electronics time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Samyoung Electronics price movement. The serial correlation of -0.75 indicates that around 75.0% of current Samyoung Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 12.9 K |
Samyoung Electronics lagged returns against current returns
Autocorrelation, which is Samyoung Electronics 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 Samyoung Electronics' stock expected returns. We can calculate the autocorrelation of Samyoung Electronics returns to help us make a trade decision. For example, suppose you find that Samyoung Electronics 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 |
Samyoung Electronics 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 Samyoung Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samyoung Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samyoung Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Samyoung Electronics Lagged Returns
When evaluating Samyoung Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samyoung Electronics stock have on its future price. Samyoung Electronics 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, Samyoung Electronics autocorrelation shows the relationship between Samyoung Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Samyoung Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Samyoung Electronics
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 Samyoung Electronics 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 Samyoung Electronics will appreciate offsetting losses from the drop in the long position's value.Moving against Samyoung Stock
| 0.68 | 302430 | Innometry | PairCorr |
| 0.65 | 053080 | Wonbang Tech | PairCorr |
| 0.57 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.45 | 033240 | Jahwa Electron | PairCorr |
| 0.36 | 215480 | Daewoo SBI SPAC | PairCorr |
The ability to find closely correlated positions to Samyoung Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samyoung Electronics 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 Samyoung Electronics - 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 Samyoung Electronics Co to buy it.
The correlation of Samyoung Electronics 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 Samyoung Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samyoung Electronics 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 Samyoung Electronics 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 Samyoung Stock
Samyoung Electronics financial ratios help investors to determine whether Samyoung 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 Samyoung with respect to the benefits of owning Samyoung Electronics security.