Samwon Steel (Korea) Market Value
| 023000 Stock | 2,545 25.00 0.99% |
| Symbol | Samwon |
Samwon Steel '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 Samwon Steel'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 Samwon Steel.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Samwon Steel on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Samwon Steel or generate 0.0% return on investment in Samwon Steel over 30 days. Samwon Steel is related to or competes with Nice Information, INtRON Biotechnology, Daishin Information, Alton Sports, CG Hi, Daou Technology, and Asia Technology. More
Samwon Steel 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 Samwon Steel'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 Samwon Steel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.78 |
Samwon Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samwon Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samwon Steel's standard deviation. In reality, there are many statistical measures that can use Samwon Steel historical prices to predict the future Samwon Steel's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 2.29 |
Samwon Steel Backtested Returns
Samwon Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0137, which indicates the firm had a -0.0137% return per unit of risk over the last 3 months. Samwon Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Samwon Steel's Coefficient Of Variation of (3,229), risk adjusted performance of (0.02), and Variance of 1.13 to confirm the risk estimate we provide. The entity has a beta of -0.0188, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Samwon Steel are expected to decrease at a much lower rate. During the bear market, Samwon Steel is likely to outperform the market. At this point, Samwon Steel has a negative expected return of -0.0145%. Please make sure to validate Samwon Steel's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Samwon Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Samwon Steel has very weak reverse predictability. Overlapping area represents the amount of predictability between Samwon Steel time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Samwon Steel price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Samwon Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 795.87 |
Samwon Steel lagged returns against current returns
Autocorrelation, which is Samwon Steel 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 Samwon Steel's stock expected returns. We can calculate the autocorrelation of Samwon Steel returns to help us make a trade decision. For example, suppose you find that Samwon Steel 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 |
Samwon Steel 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 Samwon Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samwon Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samwon Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Samwon Steel Lagged Returns
When evaluating Samwon Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samwon Steel stock have on its future price. Samwon Steel 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, Samwon Steel autocorrelation shows the relationship between Samwon Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Samwon Steel.
Regressed Prices |
| Timeline |
Pair Trading with Samwon Steel
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 Samwon Steel 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 Samwon Steel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Samwon Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samwon Steel 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 Samwon Steel - 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 Samwon Steel to buy it.
The correlation of Samwon Steel 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 Samwon Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samwon Steel 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 Samwon Steel 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 Samwon Stock
Samwon Steel financial ratios help investors to determine whether Samwon 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 Samwon with respect to the benefits of owning Samwon Steel security.