Signetics (Korea) Market Value
| 033170 Stock | KRW 835.00 3.00 0.36% |
| Symbol | Signetics |
Signetics '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 Signetics' 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 Signetics.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Signetics on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Signetics or generate 0.0% return on investment in Signetics over 30 days. Signetics is related to or competes with Histeel, Daechang Steel, Dongbu Steel, Fine Besteel, Alton Sports, and Genie Music. Signetics Corporation operates as a semiconductor assembly and test specialty company in South Korea and internationally More
Signetics 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 Signetics' 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 Signetics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.26 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 4.21 |
Signetics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Signetics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Signetics' standard deviation. In reality, there are many statistical measures that can use Signetics historical prices to predict the future Signetics' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 1.02 |
Signetics Backtested Returns
Signetics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0972, which indicates the firm had a -0.0972% return per unit of risk over the last 3 months. Signetics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Signetics' Risk Adjusted Performance of (0.08), coefficient of variation of (870.87), and Variance of 8.47 to confirm the risk estimate we provide. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Signetics are expected to decrease at a much lower rate. During the bear market, Signetics is likely to outperform the market. At this point, Signetics has a negative expected return of -0.29%. Please make sure to validate Signetics' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Signetics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Signetics has very weak predictability. Overlapping area represents the amount of predictability between Signetics time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Signetics price movement. The serial correlation of 0.18 indicates that over 18.0% of current Signetics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 261.72 |
Signetics lagged returns against current returns
Autocorrelation, which is Signetics 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 Signetics' stock expected returns. We can calculate the autocorrelation of Signetics returns to help us make a trade decision. For example, suppose you find that Signetics 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 |
Signetics 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 Signetics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Signetics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Signetics stock over time.
Current vs Lagged Prices |
| Timeline |
Signetics Lagged Returns
When evaluating Signetics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Signetics stock have on its future price. Signetics 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, Signetics autocorrelation shows the relationship between Signetics stock current value and its past values and can show if there is a momentum factor associated with investing in Signetics.
Regressed Prices |
| Timeline |
Pair Trading with Signetics
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 Signetics 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 Signetics will appreciate offsetting losses from the drop in the long position's value.Moving together with Signetics Stock
| 0.93 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.93 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.87 | 012700 | LEADCORP | PairCorr |
| 0.71 | 024910 | Kyung Chang Industrial | PairCorr |
| 0.9 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to Signetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Signetics 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 Signetics - 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 Signetics to buy it.
The correlation of Signetics 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 Signetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Signetics 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 Signetics 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 Signetics Stock
Signetics financial ratios help investors to determine whether Signetics 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 Signetics with respect to the benefits of owning Signetics security.