Tae Kyung (Korea) Market Value
| 006890 Stock | 10,950 60.00 0.55% |
| Symbol | Tae |
Tae Kyung '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 Tae Kyung'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 Tae Kyung.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Tae Kyung on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Tae Kyung Chemical or generate 0.0% return on investment in Tae Kyung over 720 days. Tae Kyung is related to or competes with Seoul Electronics, Samsung Publishing, Visang Education, Hannong Chemicals, and Sung Bo. More
Tae Kyung 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 Tae Kyung'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 Tae Kyung Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.38 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.34 |
Tae Kyung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tae Kyung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tae Kyung's standard deviation. In reality, there are many statistical measures that can use Tae Kyung historical prices to predict the future Tae Kyung's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 13.23 |
Tae Kyung Chemical Backtested Returns
Tae Kyung Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0411, which indicates the firm had a -0.0411% return per unit of risk over the last 3 months. Tae Kyung Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tae Kyung's Risk Adjusted Performance of (0.05), variance of 4.59, and Coefficient Of Variation of (1,453) to confirm the risk estimate we provide. The entity has a beta of -0.0119, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tae Kyung are expected to decrease at a much lower rate. During the bear market, Tae Kyung is likely to outperform the market. At this point, Tae Kyung Chemical has a negative expected return of -0.0864%. Please make sure to validate Tae Kyung's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Tae Kyung Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Tae Kyung Chemical has weak predictability. Overlapping area represents the amount of predictability between Tae Kyung time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Tae Kyung Chemical price movement. The serial correlation of 0.23 indicates that over 23.0% of current Tae Kyung price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 M |
Tae Kyung Chemical lagged returns against current returns
Autocorrelation, which is Tae Kyung 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 Tae Kyung's stock expected returns. We can calculate the autocorrelation of Tae Kyung returns to help us make a trade decision. For example, suppose you find that Tae Kyung 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 |
Tae Kyung 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 Tae Kyung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tae Kyung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tae Kyung stock over time.
Current vs Lagged Prices |
| Timeline |
Tae Kyung Lagged Returns
When evaluating Tae Kyung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tae Kyung stock have on its future price. Tae Kyung 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, Tae Kyung autocorrelation shows the relationship between Tae Kyung stock current value and its past values and can show if there is a momentum factor associated with investing in Tae Kyung Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Tae Kyung
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 Tae Kyung 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 Tae Kyung will appreciate offsetting losses from the drop in the long position's value.Moving against Tae Stock
The ability to find closely correlated positions to Tae Kyung could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tae Kyung 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 Tae Kyung - 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 Tae Kyung Chemical to buy it.
The correlation of Tae Kyung 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 Tae Kyung moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tae Kyung Chemical 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 Tae Kyung 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 Tae Stock
Tae Kyung financial ratios help investors to determine whether Tae 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 Tae with respect to the benefits of owning Tae Kyung security.