Myoung Shin (Korea) Market Value
| 009900 Stock | 11,970 540.00 4.72% |
| Symbol | Myoung |
Myoung Shin '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 Myoung Shin'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 Myoung Shin.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Myoung Shin on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Myoung Shin Industrial or generate 0.0% return on investment in Myoung Shin over 720 days. Myoung Shin is related to or competes with Busan Industrial, UNISEM, Finebesteel, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. More
Myoung Shin 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 Myoung Shin'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 Myoung Shin Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 5.33 |
Myoung Shin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Myoung Shin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Myoung Shin's standard deviation. In reality, there are many statistical measures that can use Myoung Shin historical prices to predict the future Myoung Shin's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.21) |
Myoung Shin Industrial Backtested Returns
At this point, Myoung Shin is very steady. Myoung Shin Industrial has Sharpe Ratio of 0.0284, which conveys that the firm had a 0.0284% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Myoung Shin, which you can use to evaluate the volatility of the firm. Please verify Myoung Shin's Mean Deviation of 2.16, risk adjusted performance of (0.01), and Standard Deviation of 3.16 to check out if the risk estimate we provide is consistent with the expected return of 0.0965%. Myoung Shin has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Myoung Shin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Myoung Shin is expected to be smaller as well. Myoung Shin Industrial right now secures a risk of 3.4%. Please verify Myoung Shin Industrial total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Myoung Shin Industrial will be following its current price movements.
Auto-correlation | -0.34 |
Poor reverse predictability
Myoung Shin Industrial has poor reverse predictability. Overlapping area represents the amount of predictability between Myoung Shin 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 Myoung Shin Industrial price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Myoung Shin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 4.4 M |
Myoung Shin Industrial lagged returns against current returns
Autocorrelation, which is Myoung Shin 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 Myoung Shin's stock expected returns. We can calculate the autocorrelation of Myoung Shin returns to help us make a trade decision. For example, suppose you find that Myoung Shin 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 |
Myoung Shin 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 Myoung Shin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Myoung Shin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Myoung Shin stock over time.
Current vs Lagged Prices |
| Timeline |
Myoung Shin Lagged Returns
When evaluating Myoung Shin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Myoung Shin stock have on its future price. Myoung Shin 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, Myoung Shin autocorrelation shows the relationship between Myoung Shin stock current value and its past values and can show if there is a momentum factor associated with investing in Myoung Shin Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Myoung Shin
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 Myoung Shin 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 Myoung Shin will appreciate offsetting losses from the drop in the long position's value.Moving against Myoung Stock
The ability to find closely correlated positions to Myoung Shin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Myoung Shin 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 Myoung Shin - 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 Myoung Shin Industrial to buy it.
The correlation of Myoung Shin 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 Myoung Shin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Myoung Shin Industrial 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 Myoung Shin 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 Myoung Stock
Myoung Shin financial ratios help investors to determine whether Myoung 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 Myoung with respect to the benefits of owning Myoung Shin security.