Soulbrain Holdings (Korea) Market Value
| 036830 Stock | KRW 39,500 600.00 1.50% |
| Symbol | Soulbrain |
Soulbrain 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 Soulbrain 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 Soulbrain Holdings.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Soulbrain Holdings on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Soulbrain Holdings Co or generate 0.0% return on investment in Soulbrain Holdings over 30 days. Soulbrain Holdings is related to or competes with LG Chemicals, Lotte Chemical, Hyundai Steel, and Seah Steel. ,Ltd. develops, manufactures, and supplies technology industry core materials for semiconductor, display, and secondary ... More
Soulbrain 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 Soulbrain 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 Soulbrain Holdings Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.37 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 6.65 |
Soulbrain Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soulbrain Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soulbrain Holdings' standard deviation. In reality, there are many statistical measures that can use Soulbrain Holdings historical prices to predict the future Soulbrain Holdings' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (2.19) |
Soulbrain Holdings Backtested Returns
Soulbrain Holdings 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. Soulbrain Holdings Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Soulbrain Holdings' Risk Adjusted Performance of (0.10), variance of 10.98, and Coefficient Of Variation of (708.86) to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Soulbrain Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Soulbrain Holdings is expected to be smaller as well. At this point, Soulbrain Holdings has a negative expected return of -0.42%. Please make sure to validate Soulbrain Holdings' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Soulbrain Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Soulbrain Holdings Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Soulbrain Holdings 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 Soulbrain Holdings price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Soulbrain Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 2.7 M |
Soulbrain Holdings lagged returns against current returns
Autocorrelation, which is Soulbrain 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 Soulbrain Holdings' stock expected returns. We can calculate the autocorrelation of Soulbrain Holdings returns to help us make a trade decision. For example, suppose you find that Soulbrain 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 |
Soulbrain 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 Soulbrain Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soulbrain Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soulbrain Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Soulbrain Holdings Lagged Returns
When evaluating Soulbrain Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soulbrain Holdings stock have on its future price. Soulbrain 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, Soulbrain Holdings autocorrelation shows the relationship between Soulbrain Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Soulbrain Holdings Co.
Regressed Prices |
| Timeline |
Pair Trading with Soulbrain 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 Soulbrain 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 Soulbrain Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Soulbrain Stock
| 0.79 | 051910 | LG Chemicals | PairCorr |
| 0.87 | 005490 | POSCO Holdings | PairCorr |
| 0.85 | 009830 | Hanwha Solutions | PairCorr |
| 0.7 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.9 | 004020 | Hyundai Steel | PairCorr |
Moving against Soulbrain Stock
The ability to find closely correlated positions to Soulbrain 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 Soulbrain 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 Soulbrain 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 Soulbrain Holdings Co to buy it.
The correlation of Soulbrain 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 Soulbrain Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Soulbrain 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 Soulbrain 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 Soulbrain Stock
Soulbrain Holdings financial ratios help investors to determine whether Soulbrain 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 Soulbrain with respect to the benefits of owning Soulbrain Holdings security.