SHINWON STRUCTION (Korea) Market Value
| 017000 Stock | KRW 2,950 5.00 0.17% |
| Symbol | SHINWON |
SHINWON STRUCTION '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 SHINWON STRUCTION'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 SHINWON STRUCTION.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in SHINWON STRUCTION on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding SHINWON STRUCTION COMPANY or generate 0.0% return on investment in SHINWON STRUCTION over 510 days. SHINWON STRUCTION is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Hyundai, Hyundai, KB Financial, and POSCO Holdings. SHINWON Construction co., Ltd. constructs public buildings, hotels, hospitals, educational and cultural centers, offices, and commercial buildings. More
SHINWON STRUCTION 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 SHINWON STRUCTION'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 SHINWON STRUCTION COMPANY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.77 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 9.86 |
SHINWON STRUCTION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SHINWON STRUCTION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SHINWON STRUCTION's standard deviation. In reality, there are many statistical measures that can use SHINWON STRUCTION historical prices to predict the future SHINWON STRUCTION's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 0.4278 |
SHINWON STRUCTION PANY Backtested Returns
SHINWON STRUCTION PANY owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0637, which indicates the firm had a -0.0637% return per unit of volatility over the last 3 months. SHINWON STRUCTION COMPANY exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SHINWON STRUCTION's risk adjusted performance of (0.02), and Variance of 21.93 to confirm the risk estimate we provide. The entity has a beta of -0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SHINWON STRUCTION are expected to decrease at a much lower rate. During the bear market, SHINWON STRUCTION is likely to outperform the market. At this point, SHINWON STRUCTION PANY has a negative expected return of -0.28%. Please make sure to validate SHINWON STRUCTION's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if SHINWON STRUCTION PANY performance from the past will be repeated at future time.
Auto-correlation | -0.19 |
Insignificant reverse predictability
SHINWON STRUCTION COMPANY has insignificant reverse predictability. Overlapping area represents the amount of predictability between SHINWON STRUCTION time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 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 SHINWON STRUCTION PANY price movement. The serial correlation of -0.19 indicates that over 19.0% of current SHINWON STRUCTION price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 150 K |
SHINWON STRUCTION PANY lagged returns against current returns
Autocorrelation, which is SHINWON STRUCTION 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 SHINWON STRUCTION's stock expected returns. We can calculate the autocorrelation of SHINWON STRUCTION returns to help us make a trade decision. For example, suppose you find that SHINWON STRUCTION 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 |
SHINWON STRUCTION 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 SHINWON STRUCTION stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SHINWON STRUCTION stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SHINWON STRUCTION stock over time.
Current vs Lagged Prices |
| Timeline |
SHINWON STRUCTION Lagged Returns
When evaluating SHINWON STRUCTION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SHINWON STRUCTION stock have on its future price. SHINWON STRUCTION 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, SHINWON STRUCTION autocorrelation shows the relationship between SHINWON STRUCTION stock current value and its past values and can show if there is a momentum factor associated with investing in SHINWON STRUCTION COMPANY.
Regressed Prices |
| Timeline |
Pair Trading with SHINWON STRUCTION
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 SHINWON STRUCTION 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 SHINWON STRUCTION will appreciate offsetting losses from the drop in the long position's value.Moving together with SHINWON Stock
Moving against SHINWON Stock
The ability to find closely correlated positions to SHINWON STRUCTION could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SHINWON STRUCTION 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 SHINWON STRUCTION - 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 SHINWON STRUCTION COMPANY to buy it.
The correlation of SHINWON STRUCTION 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 SHINWON STRUCTION moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SHINWON STRUCTION PANY 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 SHINWON STRUCTION 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 SHINWON Stock
SHINWON STRUCTION financial ratios help investors to determine whether SHINWON 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 SHINWON with respect to the benefits of owning SHINWON STRUCTION security.