SM Culture (Korea) Market Value
| 048550 Stock | KRW 1,408 11.00 0.78% |
| Symbol | 048550 |
SM Culture '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 SM Culture'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 SM Culture.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in SM Culture on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding SM Culture Contents or generate 0.0% return on investment in SM Culture over 30 days. SM Culture is related to or competes with Dongwoo Farm, KCC Engineering, Nam Hwa, Hankook Furniture, Sungdo Engineering, and Tway Air. SM Culture Contents Co., Ltd. manufactures and exports golf balls. More
SM Culture 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 SM Culture'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 SM Culture Contents upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.68 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 3.06 |
SM Culture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SM Culture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SM Culture's standard deviation. In reality, there are many statistical measures that can use SM Culture historical prices to predict the future SM Culture's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.8473 |
SM Culture Contents Backtested Returns
SM Culture Contents retains Efficiency (Sharpe Ratio) of -0.0894, which indicates the firm had a -0.0894 % return per unit of price deviation over the last 3 months. SM Culture exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SM Culture's Risk Adjusted Performance of (0.07), standard deviation of 2.76, and Mean Deviation of 1.7 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SM Culture are expected to decrease at a much lower rate. During the bear market, SM Culture is likely to outperform the market. At this point, SM Culture Contents has a negative expected return of -0.26%. Please make sure to validate SM Culture's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if SM Culture Contents performance from the past will be repeated sooner or later.
Auto-correlation | -0.37 |
Poor reverse predictability
SM Culture Contents has poor reverse predictability. Overlapping area represents the amount of predictability between SM Culture time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SM Culture Contents price movement. The serial correlation of -0.37 indicates that just about 37.0% of current SM Culture price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 375.11 |
SM Culture Contents lagged returns against current returns
Autocorrelation, which is SM Culture 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 SM Culture's stock expected returns. We can calculate the autocorrelation of SM Culture returns to help us make a trade decision. For example, suppose you find that SM Culture 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 |
SM Culture 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 SM Culture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SM Culture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SM Culture stock over time.
Current vs Lagged Prices |
| Timeline |
SM Culture Lagged Returns
When evaluating SM Culture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SM Culture stock have on its future price. SM Culture 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, SM Culture autocorrelation shows the relationship between SM Culture stock current value and its past values and can show if there is a momentum factor associated with investing in SM Culture Contents.
Regressed Prices |
| Timeline |
Pair Trading with SM Culture
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 SM Culture 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 SM Culture will appreciate offsetting losses from the drop in the long position's value.Moving together with 048550 Stock
Moving against 048550 Stock
The ability to find closely correlated positions to SM Culture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SM Culture 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 SM Culture - 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 SM Culture Contents to buy it.
The correlation of SM Culture 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 SM Culture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SM Culture Contents 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 SM Culture 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 048550 Stock
SM Culture financial ratios help investors to determine whether 048550 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 048550 with respect to the benefits of owning SM Culture security.