SK Holdings (Korea) Market Value
| 034730 Stock | 136,600 4,600 3.26% |
| Symbol | 034730 |
SK Holdings '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 SK Holdings' 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 SK Holdings.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in SK Holdings on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding SK Holdings Co or generate 0.0% return on investment in SK Holdings over 540 days. SK Holdings is related to or competes with Pungguk Ethanol, Haesung Industrial, Nice Information, Automobile, Samhwa Paint, Wireless Power, and Cheryong Industrial. More
SK Holdings 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 SK Holdings' 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 SK Holdings Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.08 |
SK Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SK Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SK Holdings' standard deviation. In reality, there are many statistical measures that can use SK Holdings historical prices to predict the future SK Holdings' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.1534 |
SK Holdings Backtested Returns
SK Holdings retains Efficiency (Sharpe Ratio) of -0.0329, which indicates the firm had a -0.0329% return per unit of price deviation over the last 3 months. SK Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SK Holdings' Standard Deviation of 1.8, risk adjusted performance of (0.01), and Mean Deviation of 1.48 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SK Holdings are expected to decrease at a much lower rate. During the bear market, SK Holdings is likely to outperform the market. At this point, SK Holdings has a negative expected return of -0.0608%. Please make sure to validate SK Holdings' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if SK Holdings performance from the past will be repeated sooner or later.
Auto-correlation | -0.4 |
Poor reverse predictability
SK Holdings Co has poor reverse predictability. Overlapping area represents the amount of predictability between SK Holdings time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 SK Holdings price movement. The serial correlation of -0.4 indicates that just about 40.0% of current SK Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 189.5 M |
SK Holdings lagged returns against current returns
Autocorrelation, which is SK Holdings 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 SK Holdings' stock expected returns. We can calculate the autocorrelation of SK Holdings returns to help us make a trade decision. For example, suppose you find that SK Holdings 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 |
SK Holdings 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 SK Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SK Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SK Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
SK Holdings Lagged Returns
When evaluating SK Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SK Holdings stock have on its future price. SK Holdings 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, SK Holdings autocorrelation shows the relationship between SK Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in SK Holdings Co.
Regressed Prices |
| Timeline |
Pair Trading with SK Holdings
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 SK Holdings 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 SK Holdings will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SK Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SK Holdings 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 SK Holdings - 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 SK Holdings Co to buy it.
The correlation of SK Holdings 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 SK Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK Holdings 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 SK Holdings 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 034730 Stock
SK Holdings financial ratios help investors to determine whether 034730 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 034730 with respect to the benefits of owning SK Holdings security.