EO Technics (Korea) Market Value
| 039030 Stock | KRW 129,400 5,500 4.08% |
| Symbol | 039030 |
EO Technics '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 EO Technics' 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 EO Technics.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in EO Technics on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding EO Technics Co or generate 0.0% return on investment in EO Technics over 300 days. EO Technics is related to or competes with Daou Data, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. EO Technics Co., Ltd. manufactures and supplies laser processing equipment worldwide More
EO Technics 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 EO Technics' 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 EO Technics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 21.99 | |||
| Value At Risk | (6.10) | |||
| Potential Upside | 6.83 |
EO Technics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EO Technics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EO Technics' standard deviation. In reality, there are many statistical measures that can use EO Technics historical prices to predict the future EO Technics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | 1.78 |
EO Technics Backtested Returns
EO Technics retains Efficiency (Sharpe Ratio) of -0.0896, which denotes the company had a -0.0896% return per unit of price deviation over the last 3 months. EO Technics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EO Technics' Information Ratio of (0.13), market risk adjusted performance of 1.79, and Standard Deviation of 3.95 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EO Technics are expected to decrease at a much lower rate. During the bear market, EO Technics is likely to outperform the market. At this point, EO Technics has a negative expected return of -0.36%. Please make sure to confirm EO Technics' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if EO Technics performance from the past will be repeated sooner or later.
Auto-correlation | -0.22 |
Weak reverse predictability
EO Technics Co has weak reverse predictability. Overlapping area represents the amount of predictability between EO Technics time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 EO Technics price movement. The serial correlation of -0.22 indicates that over 22.0% of current EO Technics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 441.3 M |
EO Technics lagged returns against current returns
Autocorrelation, which is EO Technics 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 EO Technics' stock expected returns. We can calculate the autocorrelation of EO Technics returns to help us make a trade decision. For example, suppose you find that EO Technics 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 |
EO Technics 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 EO Technics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EO Technics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EO Technics stock over time.
Current vs Lagged Prices |
| Timeline |
EO Technics Lagged Returns
When evaluating EO Technics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EO Technics stock have on its future price. EO Technics 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, EO Technics autocorrelation shows the relationship between EO Technics stock current value and its past values and can show if there is a momentum factor associated with investing in EO Technics Co.
Regressed Prices |
| Timeline |
Pair Trading with EO Technics
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 EO Technics 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 EO Technics will appreciate offsetting losses from the drop in the long position's value.Moving together with 039030 Stock
| 0.72 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.77 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.82 | 024910 | Kyung Chang Industrial | PairCorr |
| 0.76 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to EO Technics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EO Technics 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 EO Technics - 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 EO Technics Co to buy it.
The correlation of EO Technics 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 EO Technics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EO Technics 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 EO Technics 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 039030 Stock
EO Technics financial ratios help investors to determine whether 039030 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 039030 with respect to the benefits of owning EO Technics security.