Synopex (Korea) Market Value
| 025320 Stock | KRW 6,160 40.00 0.65% |
| Symbol | Synopex |
Synopex '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 Synopex'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 Synopex.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Synopex on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Synopex or generate 0.0% return on investment in Synopex over 30 days. Synopex is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Synopex Inc. designs and provides flexible printed circuit board products and IT electronic components in South Korea an... More
Synopex 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 Synopex'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 Synopex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 22.5 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 5.27 |
Synopex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synopex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synopex's standard deviation. In reality, there are many statistical measures that can use Synopex historical prices to predict the future Synopex's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | 1.6 |
Synopex Backtested Returns
Synopex 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. Synopex exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synopex's Coefficient Of Variation of (591.79), risk adjusted performance of (0.12), and Variance of 11.24 to confirm the risk estimate we provide. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Synopex are expected to decrease at a much lower rate. During the bear market, Synopex is likely to outperform the market. At this point, Synopex has a negative expected return of -0.42%. Please make sure to validate Synopex's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Synopex performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Synopex has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Synopex time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Synopex price movement. The serial correlation of -0.76 indicates that around 76.0% of current Synopex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 213.3 K |
Synopex lagged returns against current returns
Autocorrelation, which is Synopex 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 Synopex's stock expected returns. We can calculate the autocorrelation of Synopex returns to help us make a trade decision. For example, suppose you find that Synopex 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 |
Synopex 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 Synopex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synopex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synopex stock over time.
Current vs Lagged Prices |
| Timeline |
Synopex Lagged Returns
When evaluating Synopex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synopex stock have on its future price. Synopex 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, Synopex autocorrelation shows the relationship between Synopex stock current value and its past values and can show if there is a momentum factor associated with investing in Synopex.
Regressed Prices |
| Timeline |
Pair Trading with Synopex
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 Synopex 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 Synopex will appreciate offsetting losses from the drop in the long position's value.Moving together with Synopex Stock
The ability to find closely correlated positions to Synopex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synopex 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 Synopex - 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 Synopex to buy it.
The correlation of Synopex 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 Synopex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synopex 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 Synopex 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 Synopex Stock
Synopex financial ratios help investors to determine whether Synopex 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 Synopex with respect to the benefits of owning Synopex security.