Anam Electronics (Korea) Market Value
| 008700 Stock | 1,206 22.00 1.86% |
| Symbol | Anam |
Anam 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 Anam 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 Anam Electronics.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Anam Electronics on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Anam Electronics Co or generate 0.0% return on investment in Anam Electronics over 90 days. Anam Electronics is related to or competes with Osang Healthcare, Pureun Mutual, Incar Financial, DB Financial, Samsung Life, ITM Semiconductor, and Infinitt Healthcare. More
Anam 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 Anam 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 Anam Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 16.96 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 3.38 |
Anam Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anam Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anam Electronics' standard deviation. In reality, there are many statistical measures that can use Anam Electronics historical prices to predict the future Anam Electronics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.29) |
Anam Electronics Backtested Returns
Anam Electronics secures Sharpe Ratio (or Efficiency) of -0.0353, which signifies that the company had a -0.0353% return per unit of standard deviation over the last 3 months. Anam Electronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anam Electronics' mean deviation of 1.62, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Anam Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Anam Electronics is expected to be smaller as well. At this point, Anam Electronics has a negative expected return of -0.0865%. Please make sure to confirm Anam Electronics' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Anam Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Anam Electronics Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Anam Electronics time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Anam Electronics price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Anam Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 4099.03 |
Anam Electronics lagged returns against current returns
Autocorrelation, which is Anam 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 Anam Electronics' stock expected returns. We can calculate the autocorrelation of Anam Electronics returns to help us make a trade decision. For example, suppose you find that Anam 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 |
Anam 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 Anam Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anam Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anam Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Anam Electronics Lagged Returns
When evaluating Anam Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anam Electronics stock have on its future price. Anam 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, Anam Electronics autocorrelation shows the relationship between Anam Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Anam Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Anam 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 Anam 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 Anam Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Anam Stock
The ability to find closely correlated positions to Anam 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 Anam 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 Anam 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 Anam Electronics Co to buy it.
The correlation of Anam 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 Anam Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anam 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 Anam 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 Anam Stock
Anam Electronics financial ratios help investors to determine whether Anam 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 Anam with respect to the benefits of owning Anam Electronics security.