Ssangyong Information (Korea) Market Value
| 010280 Stock | 616.00 7.00 1.12% |
| Symbol | Ssangyong |
Ssangyong Information '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 Ssangyong Information'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 Ssangyong Information.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Ssangyong Information on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ssangyong Information Communication or generate 0.0% return on investment in Ssangyong Information over 30 days. Ssangyong Information is related to or competes with Dongil Metal, Sam Yang, Samlip General, Korea Information, Kukil Metal, Kbi Metal, and Shinsegae Information. More
Ssangyong Information 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 Ssangyong Information'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 Ssangyong Information Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.64 |
Ssangyong Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ssangyong Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ssangyong Information's standard deviation. In reality, there are many statistical measures that can use Ssangyong Information historical prices to predict the future Ssangyong Information's volatility.| Risk Adjusted Performance | 0.0245 | |||
| Jensen Alpha | 0.0392 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.13) |
Ssangyong Information Backtested Returns
At this point, Ssangyong Information is very steady. Ssangyong Information owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.045, which indicates the firm had a 0.045% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ssangyong Information Communication, which you can use to evaluate the volatility of the company. Please validate Ssangyong Information's Risk Adjusted Performance of 0.0245, coefficient of variation of 3548.86, and Semi Deviation of 0.9372 to confirm if the risk estimate we provide is consistent with the expected return of 0.0499%. Ssangyong Information has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ssangyong Information are expected to decrease at a much lower rate. During the bear market, Ssangyong Information is likely to outperform the market. Ssangyong Information right now has a risk of 1.11%. Please validate Ssangyong Information market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Ssangyong Information will be following its existing price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Ssangyong Information Communication has poor reverse predictability. Overlapping area represents the amount of predictability between Ssangyong Information time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Ssangyong Information price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Ssangyong Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 225.14 |
Ssangyong Information lagged returns against current returns
Autocorrelation, which is Ssangyong Information 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 Ssangyong Information's stock expected returns. We can calculate the autocorrelation of Ssangyong Information returns to help us make a trade decision. For example, suppose you find that Ssangyong Information 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 |
Ssangyong Information 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 Ssangyong Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ssangyong Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ssangyong Information stock over time.
Current vs Lagged Prices |
| Timeline |
Ssangyong Information Lagged Returns
When evaluating Ssangyong Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ssangyong Information stock have on its future price. Ssangyong Information 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, Ssangyong Information autocorrelation shows the relationship between Ssangyong Information stock current value and its past values and can show if there is a momentum factor associated with investing in Ssangyong Information Communication.
Regressed Prices |
| Timeline |
Pair Trading with Ssangyong Information
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 Ssangyong Information 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 Ssangyong Information will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ssangyong Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ssangyong Information 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 Ssangyong Information - 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 Ssangyong Information Communication to buy it.
The correlation of Ssangyong Information 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 Ssangyong Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ssangyong Information 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 Ssangyong Information 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 Ssangyong Stock
Ssangyong Information financial ratios help investors to determine whether Ssangyong 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 Ssangyong with respect to the benefits of owning Ssangyong Information security.