Oriental Precision (Korea) Market Value
| 014940 Stock | KRW 5,260 415.00 8.57% |
| Symbol | Oriental |
Oriental Precision '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 Oriental Precision'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 Oriental Precision.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Oriental Precision on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Oriental Precision Engineering or generate 0.0% return on investment in Oriental Precision over 720 days. Oriental Precision is related to or competes with KakaoBank Corp, NICE Information, Korea Information, Lotte Data, Settlebank, InfoBank, and BNK Financial. ,Ltd. produces and sells ship and marine components and machineries in South Korea and internationally More
Oriental Precision 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 Oriental Precision'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 Oriental Precision Engineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.1298 | |||
| Maximum Drawdown | 23.17 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 7.92 |
Oriental Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oriental Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oriental Precision's standard deviation. In reality, there are many statistical measures that can use Oriental Precision historical prices to predict the future Oriental Precision's volatility.| Risk Adjusted Performance | 0.1173 | |||
| Jensen Alpha | 0.4845 | |||
| Total Risk Alpha | 0.424 | |||
| Sortino Ratio | 0.1713 | |||
| Treynor Ratio | 0.2375 |
Oriental Precision Backtested Returns
Oriental Precision appears to be very steady, given 3 months investment horizon. Oriental Precision maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Oriental Precision, which you can use to evaluate the volatility of the company. Please evaluate Oriental Precision's Semi Deviation of 2.53, coefficient of variation of 724.62, and Risk Adjusted Performance of 0.1173 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oriental Precision holds a performance score of 8. The company holds a Beta of 2.25, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oriental Precision will likely underperform. Please check Oriental Precision's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Oriental Precision's historical price patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Oriental Precision Engineering has average predictability. Overlapping area represents the amount of predictability between Oriental Precision time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd of December 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 Oriental Precision price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Oriental Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 457.4 K |
Oriental Precision lagged returns against current returns
Autocorrelation, which is Oriental Precision 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 Oriental Precision's stock expected returns. We can calculate the autocorrelation of Oriental Precision returns to help us make a trade decision. For example, suppose you find that Oriental Precision 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 |
Oriental Precision 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 Oriental Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oriental Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oriental Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Oriental Precision Lagged Returns
When evaluating Oriental Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oriental Precision stock have on its future price. Oriental Precision 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, Oriental Precision autocorrelation shows the relationship between Oriental Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Oriental Precision Engineering.
Regressed Prices |
| Timeline |
Pair Trading with Oriental Precision
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 Oriental Precision 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 Oriental Precision will appreciate offsetting losses from the drop in the long position's value.Moving against Oriental Stock
| 0.61 | 000660 | SK Hynix | PairCorr |
| 0.53 | 055550 | Shinhan Financial | PairCorr |
| 0.48 | 005930 | Samsung Electronics | PairCorr |
| 0.45 | 005387 | Hyundai Motor | PairCorr |
| 0.43 | 005935 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Oriental Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oriental Precision 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 Oriental Precision - 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 Oriental Precision Engineering to buy it.
The correlation of Oriental Precision 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 Oriental Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oriental Precision 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 Oriental Precision 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 Oriental Stock
Oriental Precision financial ratios help investors to determine whether Oriental 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 Oriental with respect to the benefits of owning Oriental Precision security.