SungMoon Electronics (Korea) Market Value
| 014910 Stock | 1,111 6.00 0.54% |
| Symbol | SungMoon |
SungMoon 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 SungMoon 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 SungMoon Electronics.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in SungMoon Electronics on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding SungMoon Electronics Co or generate 0.0% return on investment in SungMoon Electronics over 720 days. SungMoon Electronics is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
SungMoon 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 SungMoon 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 SungMoon Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.04 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.07 |
SungMoon Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SungMoon Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SungMoon Electronics' standard deviation. In reality, there are many statistical measures that can use SungMoon Electronics historical prices to predict the future SungMoon Electronics' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 1.07 |
SungMoon Electronics Backtested Returns
SungMoon Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. SungMoon Electronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SungMoon Electronics' Risk Adjusted Performance of (0.09), variance of 1.6, and Coefficient Of Variation of (859.10) to confirm the risk estimate we provide. 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 SungMoon Electronics are expected to decrease at a much lower rate. During the bear market, SungMoon Electronics is likely to outperform the market. At this point, SungMoon Electronics has a negative expected return of -0.15%. Please make sure to validate SungMoon Electronics' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if SungMoon Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
SungMoon Electronics Co has modest predictability. Overlapping area represents the amount of predictability between SungMoon Electronics time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 SungMoon Electronics price movement. The serial correlation of 0.5 indicates that about 50.0% of current SungMoon Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 23 K |
SungMoon Electronics lagged returns against current returns
Autocorrelation, which is SungMoon 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 SungMoon Electronics' stock expected returns. We can calculate the autocorrelation of SungMoon Electronics returns to help us make a trade decision. For example, suppose you find that SungMoon 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 |
SungMoon 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 SungMoon Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SungMoon Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SungMoon Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
SungMoon Electronics Lagged Returns
When evaluating SungMoon Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SungMoon Electronics stock have on its future price. SungMoon 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, SungMoon Electronics autocorrelation shows the relationship between SungMoon Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in SungMoon Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with SungMoon 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 SungMoon 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 SungMoon Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SungMoon 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 SungMoon 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 SungMoon 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 SungMoon Electronics Co to buy it.
The correlation of SungMoon 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 SungMoon Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SungMoon 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 SungMoon 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 SungMoon Stock
SungMoon Electronics financial ratios help investors to determine whether SungMoon 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 SungMoon with respect to the benefits of owning SungMoon Electronics security.