SMCoreInc (Korea) Market Value
| 007820 Stock | KRW 4,240 5.00 0.12% |
| Symbol | SMCoreInc |
SMCoreInc '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 SMCoreInc'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 SMCoreInc.
| 01/14/2024 |
| 02/07/2025 |
If you would invest 0.00 in SMCoreInc on January 14, 2024 and sell it all today you would earn a total of 0.00 from holding SMCoreInc or generate 0.0% return on investment in SMCoreInc over 390 days. SMCoreInc is related to or competes with Lotte Chilsung, Iljin Display, Hanjin Transportation, LG Household, Daejung Chemicals, and LG Display. SMCore.Inc manufactures and sells smart automation systems in South Korea and internationally More
SMCoreInc 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 SMCoreInc'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 SMCoreInc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.71 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.81 |
SMCoreInc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SMCoreInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SMCoreInc's standard deviation. In reality, there are many statistical measures that can use SMCoreInc historical prices to predict the future SMCoreInc's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.4473 |
SMCoreInc Backtested Returns
SMCoreInc retains Efficiency (Sharpe Ratio) of -0.0341, which indicates the firm had a -0.0341 % return per unit of volatility over the last 3 months. SMCoreInc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SMCoreInc's risk adjusted performance of (0.02), and Standard Deviation of 2.53 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SMCoreInc are expected to decrease at a much lower rate. During the bear market, SMCoreInc is likely to outperform the market. At this point, SMCoreInc has a negative expected return of -0.0864%. Please make sure to validate SMCoreInc's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if SMCoreInc performance from the past will be repeated at future time.
Auto-correlation | 0.64 |
Good predictability
SMCoreInc has good predictability. Overlapping area represents the amount of predictability between SMCoreInc time series from 14th of January 2024 to 27th of July 2024 and 27th of July 2024 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SMCoreInc price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current SMCoreInc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 185.3 K |
SMCoreInc lagged returns against current returns
Autocorrelation, which is SMCoreInc 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 SMCoreInc's stock expected returns. We can calculate the autocorrelation of SMCoreInc returns to help us make a trade decision. For example, suppose you find that SMCoreInc 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 |
SMCoreInc 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 SMCoreInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SMCoreInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SMCoreInc stock over time.
Current vs Lagged Prices |
| Timeline |
SMCoreInc Lagged Returns
When evaluating SMCoreInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SMCoreInc stock have on its future price. SMCoreInc 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, SMCoreInc autocorrelation shows the relationship between SMCoreInc stock current value and its past values and can show if there is a momentum factor associated with investing in SMCoreInc.
Regressed Prices |
| Timeline |
Pair Trading with SMCoreInc
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 SMCoreInc 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 SMCoreInc will appreciate offsetting losses from the drop in the long position's value.Moving together with SMCoreInc Stock
Moving against SMCoreInc Stock
The ability to find closely correlated positions to SMCoreInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SMCoreInc 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 SMCoreInc - 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 SMCoreInc to buy it.
The correlation of SMCoreInc 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 SMCoreInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SMCoreInc 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 SMCoreInc 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 SMCoreInc Stock
SMCoreInc financial ratios help investors to determine whether SMCoreInc 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 SMCoreInc with respect to the benefits of owning SMCoreInc security.