POSCO M (Korea) Market Value
| 009520 Stock | KRW 14,600 50.00 0.34% |
| Symbol | POSCO |
POSCO M '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 POSCO M'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 POSCO M.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in POSCO M on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding POSCO M TECH Co or generate 0.0% return on investment in POSCO M over 30 days. POSCO M is related to or competes with LG Chemicals, Lotte Chemical, Hyundai Steel, and Seah Steel. Posco M-Tech Co., Ltd. operates as a steel material-specialized company More
POSCO M 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 POSCO M'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 POSCO M TECH Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 22.12 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.33 |
POSCO M Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POSCO M's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POSCO M's standard deviation. In reality, there are many statistical measures that can use POSCO M historical prices to predict the future POSCO M's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 0.3792 |
POSCO M TECH Backtested Returns
POSCO M TECH maintains Sharpe Ratio (i.e., Efficiency) of -0.0429, which implies the firm had a -0.0429% return per unit of standard deviation over the last 3 months. POSCO M TECH exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check POSCO M's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.3892, and Coefficient Of Variation of (2,014) to confirm the risk estimate we provide. The company holds a Beta of -0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning POSCO M are expected to decrease at a much lower rate. During the bear market, POSCO M is likely to outperform the market. At this point, POSCO M TECH has a negative expected return of -0.15%. Please make sure to check POSCO M's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if POSCO M TECH performance from the past will be repeated at some future point.
Auto-correlation | -0.37 |
Poor reverse predictability
POSCO M TECH Co has poor reverse predictability. Overlapping area represents the amount of predictability between POSCO M time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 POSCO M TECH price movement. The serial correlation of -0.37 indicates that just about 37.0% of current POSCO M price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 177.1 K |
POSCO M TECH lagged returns against current returns
Autocorrelation, which is POSCO M 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 POSCO M's stock expected returns. We can calculate the autocorrelation of POSCO M returns to help us make a trade decision. For example, suppose you find that POSCO M 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 |
POSCO M 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 POSCO M stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POSCO M stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POSCO M stock over time.
Current vs Lagged Prices |
| Timeline |
POSCO M Lagged Returns
When evaluating POSCO M's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POSCO M stock have on its future price. POSCO M 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, POSCO M autocorrelation shows the relationship between POSCO M stock current value and its past values and can show if there is a momentum factor associated with investing in POSCO M TECH Co.
Regressed Prices |
| Timeline |
Pair Trading with POSCO M
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 POSCO M 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 POSCO M will appreciate offsetting losses from the drop in the long position's value.Moving together with POSCO Stock
| 0.78 | 051910 | LG Chemicals | PairCorr |
| 0.89 | 005490 | POSCO Holdings | PairCorr |
| 0.8 | 009830 | Hanwha Solutions | PairCorr |
| 0.61 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.79 | 004020 | Hyundai Steel | PairCorr |
Moving against POSCO Stock
The ability to find closely correlated positions to POSCO M could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace POSCO M 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 POSCO M - 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 POSCO M TECH Co to buy it.
The correlation of POSCO M 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 POSCO M moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if POSCO M TECH 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 POSCO M 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 POSCO Stock
POSCO M financial ratios help investors to determine whether POSCO 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 POSCO with respect to the benefits of owning POSCO M security.