MSC (Korea) Market Value
| 009780 Stock | KRW 5,560 170.00 2.97% |
| Symbol | MSC |
MSC '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 MSC'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 MSC.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in MSC on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding MSC Co or generate 0.0% return on investment in MSC over 180 days. MSC is related to or competes with Jeong Moon, Daou Data, Ssangyong Information, SK Telecom, Kisan Telecom, and Korea Information. MSC Co., Ltd., together with its subsidiaries, engages in the research and development, production, marketing, and sale ... More
MSC 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 MSC'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 MSC Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.0183 | |||
| Maximum Drawdown | 36.28 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 6.23 |
MSC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MSC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MSC's standard deviation. In reality, there are many statistical measures that can use MSC historical prices to predict the future MSC's volatility.| Risk Adjusted Performance | 0.0461 | |||
| Jensen Alpha | 0.2355 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0349 | |||
| Treynor Ratio | (0.98) |
MSC Co Backtested Returns
MSC appears to be very steady, given 3 months investment horizon. MSC Co retains Efficiency (Sharpe Ratio) of 0.047, which conveys that the firm had a 0.047% return per unit of risk over the last 3 months. We have found thirty technical indicators for MSC, which you can use to evaluate the volatility of the firm. Please exercise MSC's Market Risk Adjusted Performance of (0.97), semi deviation of 2.0, and Mean Deviation of 2.01 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MSC holds a performance score of 3. The company owns a Beta (Systematic Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MSC are expected to decrease at a much lower rate. During the bear market, MSC is likely to outperform the market. Please check MSC's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether MSC's current price history will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
MSC Co has poor reverse predictability. Overlapping area represents the amount of predictability between MSC time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 MSC Co price movement. The serial correlation of -0.38 indicates that just about 38.0% of current MSC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 118.7 K |
MSC Co lagged returns against current returns
Autocorrelation, which is MSC 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 MSC's stock expected returns. We can calculate the autocorrelation of MSC returns to help us make a trade decision. For example, suppose you find that MSC 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 |
MSC 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 MSC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MSC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MSC stock over time.
Current vs Lagged Prices |
| Timeline |
MSC Lagged Returns
When evaluating MSC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MSC stock have on its future price. MSC 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, MSC autocorrelation shows the relationship between MSC stock current value and its past values and can show if there is a momentum factor associated with investing in MSC Co.
Regressed Prices |
| Timeline |
Pair Trading with MSC
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 MSC 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 MSC will appreciate offsetting losses from the drop in the long position's value.Moving against MSC Stock
| 0.53 | 009830 | Hanwha Solutions | PairCorr |
| 0.49 | 005935 | Samsung Electronics | PairCorr |
| 0.47 | 005930 | Samsung Electronics | PairCorr |
| 0.36 | 005490 | POSCO Holdings | PairCorr |
| 0.32 | 001230 | Dongkuk Steel Mill | PairCorr |
The ability to find closely correlated positions to MSC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MSC 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 MSC - 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 MSC Co to buy it.
The correlation of MSC 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 MSC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MSC Co 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 MSC 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 MSC Stock
MSC financial ratios help investors to determine whether MSC 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 MSC with respect to the benefits of owning MSC security.