NSN (Korea) Market Value
| 031860 Stock | KRW 1,272 21.00 1.68% |
| Symbol | NSN |
NSN '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 NSN'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 NSN.
| 12/02/2024 |
| 01/31/2025 |
If you would invest 0.00 in NSN on December 2, 2024 and sell it all today you would earn a total of 0.00 from holding NSN Co or generate 0.0% return on investment in NSN over 60 days. NSN is related to or competes with Digital Multimedia, ChipsMedia, Koryo Credit, Lotte Data, Moadata, Insung Information, and ABOV Semiconductor. Amotion Co., Ltd. manufactures and sells mobile phone camera modules. More
NSN 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 NSN'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 NSN Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.3 | |||
| Information Ratio | 0.0284 | |||
| Maximum Drawdown | 49.94 | |||
| Value At Risk | (7.88) | |||
| Potential Upside | 8.97 |
NSN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NSN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NSN's standard deviation. In reality, there are many statistical measures that can use NSN historical prices to predict the future NSN's volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | 0.2967 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0399 | |||
| Treynor Ratio | 5.98 |
NSN Co Backtested Returns
NSN appears to be very steady, given 3 months investment horizon. NSN Co has Sharpe Ratio of 0.0601, which conveys that the firm had a 0.0601 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NSN, which you can use to evaluate the volatility of the firm. Please exercise NSN's risk adjusted performance of 0.0438, and Mean Deviation of 4.41 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NSN holds a performance score of 4. The company secures a Beta (Market Risk) of 0.0504, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NSN's returns are expected to increase less than the market. However, during the bear market, the loss of holding NSN is expected to be smaller as well. Please check NSN's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether NSN's current price movements will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
NSN Co has very good reverse predictability. Overlapping area represents the amount of predictability between NSN time series from 2nd of December 2024 to 1st of January 2025 and 1st of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NSN Co price movement. The serial correlation of -0.68 indicates that around 68.0% of current NSN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 21.8 K |
NSN Co lagged returns against current returns
Autocorrelation, which is NSN 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 NSN's stock expected returns. We can calculate the autocorrelation of NSN returns to help us make a trade decision. For example, suppose you find that NSN 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 |
NSN 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 NSN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NSN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NSN stock over time.
Current vs Lagged Prices |
| Timeline |
NSN Lagged Returns
When evaluating NSN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NSN stock have on its future price. NSN 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, NSN autocorrelation shows the relationship between NSN stock current value and its past values and can show if there is a momentum factor associated with investing in NSN Co.
Regressed Prices |
| Timeline |
Pair Trading with NSN
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 NSN 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 NSN will appreciate offsetting losses from the drop in the long position's value.Moving against NSN Stock
The ability to find closely correlated positions to NSN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NSN 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 NSN - 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 NSN Co to buy it.
The correlation of NSN 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 NSN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NSN Co 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 NSN 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 NSN Stock
NSN financial ratios help investors to determine whether NSN 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 NSN with respect to the benefits of owning NSN security.