Oscotec (Korea) Market Value
| 039200 Stock | KRW 24,350 250.00 1.02% |
| Symbol | Oscotec |
Oscotec '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 Oscotec'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 Oscotec.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Oscotec on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Oscotec or generate 0.0% return on investment in Oscotec over 690 days. Oscotec is related to or competes with AptaBio Therapeutics, KT Hitel, SillaJen, Cytogen, Samsung Card, Woori Technology, and AnterogenCoLtd. Oscotec Inc. operates as a clinical stage drug discovery and development company More
Oscotec 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 Oscotec'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 Oscotec upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 23.63 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 8.1 |
Oscotec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oscotec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oscotec's standard deviation. In reality, there are many statistical measures that can use Oscotec historical prices to predict the future Oscotec's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.88) |
Oscotec Backtested Returns
Oscotec maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the firm had a -0.21% return per unit of risk over the last 3 months. Oscotec exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oscotec's Coefficient Of Variation of (776.35), risk adjusted performance of (0.09), and Variance of 17.68 to confirm the risk estimate we provide. The company holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oscotec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oscotec is expected to be smaller as well. At this point, Oscotec has a negative expected return of -0.83%. Please make sure to check Oscotec's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Oscotec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Oscotec has good predictability. Overlapping area represents the amount of predictability between Oscotec time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Oscotec price movement. The serial correlation of 0.71 indicates that around 71.0% of current Oscotec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 55.2 M |
Oscotec lagged returns against current returns
Autocorrelation, which is Oscotec 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 Oscotec's stock expected returns. We can calculate the autocorrelation of Oscotec returns to help us make a trade decision. For example, suppose you find that Oscotec 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 |
Oscotec 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 Oscotec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oscotec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oscotec stock over time.
Current vs Lagged Prices |
| Timeline |
Oscotec Lagged Returns
When evaluating Oscotec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oscotec stock have on its future price. Oscotec 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, Oscotec autocorrelation shows the relationship between Oscotec stock current value and its past values and can show if there is a momentum factor associated with investing in Oscotec.
Regressed Prices |
| Timeline |
Pair Trading with Oscotec
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 Oscotec 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 Oscotec will appreciate offsetting losses from the drop in the long position's value.Moving together with Oscotec Stock
| 0.68 | 005935 | Samsung Electronics | PairCorr |
| 0.68 | 005930 | Samsung Electronics | PairCorr |
| 0.69 | 005490 | POSCO Holdings | PairCorr |
Moving against Oscotec Stock
The ability to find closely correlated positions to Oscotec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oscotec 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 Oscotec - 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 Oscotec to buy it.
The correlation of Oscotec 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 Oscotec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oscotec 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 Oscotec 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 Oscotec Stock
Oscotec financial ratios help investors to determine whether Oscotec 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 Oscotec with respect to the benefits of owning Oscotec security.