Sambo Corrugated (Korea) Market Value
| 023600 Stock | KRW 8,630 60.00 0.70% |
| Symbol | Sambo |
Sambo Corrugated '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 Sambo Corrugated'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 Sambo Corrugated.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Sambo Corrugated on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Sambo Corrugated Board or generate 0.0% return on investment in Sambo Corrugated over 720 days. Sambo Corrugated is related to or competes with Hanil Iron, Pungguk Ethanol, Dongbu Steel, Aprogen Healthcare, Netmarble Games, Dong A, and Cheryong Industrial. Sambo Corrugated Board Co., Ltd. manufactures and sells corrugated cardboards and cardboard boxes in South Korea More
Sambo Corrugated 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 Sambo Corrugated'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 Sambo Corrugated Board upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.16 |
Sambo Corrugated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sambo Corrugated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sambo Corrugated's standard deviation. In reality, there are many statistical measures that can use Sambo Corrugated historical prices to predict the future Sambo Corrugated's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.56) |
Sambo Corrugated Board Backtested Returns
Sambo Corrugated Board owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Sambo Corrugated Board exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sambo Corrugated's Coefficient Of Variation of (708.60), risk adjusted performance of (0.11), and Variance of 0.591 to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sambo Corrugated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sambo Corrugated is expected to be smaller as well. At this point, Sambo Corrugated Board has a negative expected return of -0.11%. Please make sure to validate Sambo Corrugated's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Sambo Corrugated Board performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Sambo Corrugated Board has good predictability. Overlapping area represents the amount of predictability between Sambo Corrugated time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Sambo Corrugated Board price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Sambo Corrugated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 567.4 K |
Sambo Corrugated Board lagged returns against current returns
Autocorrelation, which is Sambo Corrugated 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 Sambo Corrugated's stock expected returns. We can calculate the autocorrelation of Sambo Corrugated returns to help us make a trade decision. For example, suppose you find that Sambo Corrugated 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 |
Sambo Corrugated 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 Sambo Corrugated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sambo Corrugated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sambo Corrugated stock over time.
Current vs Lagged Prices |
| Timeline |
Sambo Corrugated Lagged Returns
When evaluating Sambo Corrugated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sambo Corrugated stock have on its future price. Sambo Corrugated 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, Sambo Corrugated autocorrelation shows the relationship between Sambo Corrugated stock current value and its past values and can show if there is a momentum factor associated with investing in Sambo Corrugated Board.
Regressed Prices |
| Timeline |
Pair Trading with Sambo Corrugated
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 Sambo Corrugated 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 Sambo Corrugated will appreciate offsetting losses from the drop in the long position's value.Moving together with Sambo Stock
| 0.86 | 051910 | LG Chemicals | PairCorr |
| 0.91 | 005490 | POSCO Holdings | PairCorr |
| 0.85 | 009830 | Hanwha Solutions | PairCorr |
| 0.82 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.92 | 004020 | Hyundai Steel | PairCorr |
Moving against Sambo Stock
| 0.69 | 032830 | Samsung Life | PairCorr |
| 0.59 | 001430 | SeAH Bestee | PairCorr |
| 0.53 | 105560 | KB Financial Group | PairCorr |
| 0.47 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Sambo Corrugated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sambo Corrugated 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 Sambo Corrugated - 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 Sambo Corrugated Board to buy it.
The correlation of Sambo Corrugated 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 Sambo Corrugated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sambo Corrugated Board 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 Sambo Corrugated 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 Sambo Stock
Sambo Corrugated financial ratios help investors to determine whether Sambo 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 Sambo with respect to the benefits of owning Sambo Corrugated security.