SOLiD (Korea) Market Value
| 050890 Stock | KRW 4,870 60.00 1.22% |
| Symbol | SOLiD |
SOLiD '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 SOLiD'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 SOLiD.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in SOLiD on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding SOLiD Inc or generate 0.0% return on investment in SOLiD over 30 days. SOLiD is related to or competes with Daejung Chemicals, Seoyon Topmetal, Kukil Metal, Dongbu Insurance, Jb Financial, Hana Financial, and Kbi Metal. SOLiD, Inc. provides RF amplifier, RF radio, and optical transport solutions in South Korea and internationally More
SOLiD 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 SOLiD'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 SOLiD Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.98 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 4.0 |
SOLiD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOLiD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOLiD's standard deviation. In reality, there are many statistical measures that can use SOLiD historical prices to predict the future SOLiD's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0558 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.15) |
SOLiD Inc Backtested Returns
At this point, SOLiD is very steady. SOLiD Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0348, which indicates the firm had a 0.0348% return per unit of volatility over the last 3 months. We have found thirty technical indicators for SOLiD Inc, which you can use to evaluate the volatility of the company. Please validate SOLiD's risk adjusted performance of 0.0211, and Coefficient Of Variation of 5194.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.0769%. SOLiD has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SOLiD are expected to decrease at a much lower rate. During the bear market, SOLiD is likely to outperform the market. SOLiD Inc currently has a risk of 2.21%. Please validate SOLiD semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if SOLiD will be following its existing price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
SOLiD Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between SOLiD time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 SOLiD Inc price movement. The serial correlation of -0.11 indicates that less than 11.0% of current SOLiD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 5280.99 |
SOLiD Inc lagged returns against current returns
Autocorrelation, which is SOLiD 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 SOLiD's stock expected returns. We can calculate the autocorrelation of SOLiD returns to help us make a trade decision. For example, suppose you find that SOLiD 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 |
SOLiD 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 SOLiD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOLiD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOLiD stock over time.
Current vs Lagged Prices |
| Timeline |
SOLiD Lagged Returns
When evaluating SOLiD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOLiD stock have on its future price. SOLiD 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, SOLiD autocorrelation shows the relationship between SOLiD stock current value and its past values and can show if there is a momentum factor associated with investing in SOLiD Inc.
Regressed Prices |
| Timeline |
Pair Trading with SOLiD
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 SOLiD 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 SOLiD will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SOLiD could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SOLiD 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 SOLiD - 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 SOLiD Inc to buy it.
The correlation of SOLiD 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 SOLiD moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SOLiD Inc 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 SOLiD 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 SOLiD Stock
SOLiD financial ratios help investors to determine whether SOLiD 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 SOLiD with respect to the benefits of owning SOLiD security.