Tae Kwang (Korea) Market Value
| 023160 Stock | KRW 17,120 290.00 1.72% |
| Symbol | Tae |
Tae Kwang '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 Tae Kwang'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 Tae Kwang.
| 02/04/2024 |
| 11/30/2024 |
If you would invest 0.00 in Tae Kwang on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tae Kwang or generate 0.0% return on investment in Tae Kwang over 300 days. Tae Kwang is related to or competes with Sung Kwang, Taewoong CoLtd, SFA Engineering, Soulbrain Holdings, and Seoul Semiconductor. Tae Kwang Corporation manufactures, supplies, and sells butt weld pipe fittings for oil and gas, chemical and petrochemi... More
Tae Kwang 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 Tae Kwang'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 Tae Kwang upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0192 | |||
| Maximum Drawdown | 12.98 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.77 |
Tae Kwang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tae Kwang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tae Kwang's standard deviation. In reality, there are many statistical measures that can use Tae Kwang historical prices to predict the future Tae Kwang's volatility.| Risk Adjusted Performance | 0.0573 | |||
| Jensen Alpha | 0.0447 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0216 | |||
| Treynor Ratio | 0.1682 |
Tae Kwang Backtested Returns
Tae Kwang appears to be very steady, given 3 months investment horizon. Tae Kwang 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. We have found thirty technical indicators for Tae Kwang, which you can use to evaluate the volatility of the company. Please review Tae Kwang's Risk Adjusted Performance of 0.0573, semi deviation of 2.5, and Coefficient Of Variation of 1534.74 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tae Kwang holds a performance score of 9. The entity has a beta of 1.1, which indicates a somewhat significant risk relative to the market. Tae Kwang returns are very sensitive to returns on the market. As the market goes up or down, Tae Kwang is expected to follow. Please check Tae Kwang's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Tae Kwang's existing price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Tae Kwang has virtually no predictability. Overlapping area represents the amount of predictability between Tae Kwang time series from 4th of February 2024 to 3rd of July 2024 and 3rd of July 2024 to 30th 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 Tae Kwang price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Tae Kwang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 M |
Tae Kwang lagged returns against current returns
Autocorrelation, which is Tae Kwang 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 Tae Kwang's stock expected returns. We can calculate the autocorrelation of Tae Kwang returns to help us make a trade decision. For example, suppose you find that Tae Kwang 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 |
Tae Kwang 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 Tae Kwang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tae Kwang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tae Kwang stock over time.
Current vs Lagged Prices |
| Timeline |
Tae Kwang Lagged Returns
When evaluating Tae Kwang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tae Kwang stock have on its future price. Tae Kwang 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, Tae Kwang autocorrelation shows the relationship between Tae Kwang stock current value and its past values and can show if there is a momentum factor associated with investing in Tae Kwang.
Regressed Prices |
| Timeline |
Pair Trading with Tae Kwang
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 Tae Kwang 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 Tae Kwang will appreciate offsetting losses from the drop in the long position's value.Moving against Tae Stock
The ability to find closely correlated positions to Tae Kwang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tae Kwang 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 Tae Kwang - 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 Tae Kwang to buy it.
The correlation of Tae Kwang 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 Tae Kwang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tae Kwang 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 Tae Kwang 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 Tae Stock
Tae Kwang financial ratios help investors to determine whether Tae 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 Tae with respect to the benefits of owning Tae Kwang security.