SOOSAN INT (Korea) Market Value
050960 Stock | KRW 8,710 190.00 2.23% |
Symbol | SOOSAN |
SOOSAN INT '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 SOOSAN INT'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 SOOSAN INT.
10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in SOOSAN INT on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding SOOSAN INT Co or generate 0.0% return on investment in SOOSAN INT over 390 days. SOOSAN INT is related to or competes with EBEST Investment, Taeyang Metal, Kukil Metal, Golden Bridge, Coloray International, Seoyon Topmetal, and Formetal. SOOSAN INT Co., Ltd. provides network security solutions and ISP platform services in South Korea and internationally More
SOOSAN INT 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 SOOSAN INT'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 SOOSAN INT Co upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.28) | |||
Maximum Drawdown | 8.76 | |||
Value At Risk | (2.15) | |||
Potential Upside | 2.05 |
SOOSAN INT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOOSAN INT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOOSAN INT's standard deviation. In reality, there are many statistical measures that can use SOOSAN INT historical prices to predict the future SOOSAN INT's volatility.Risk Adjusted Performance | (0.14) | |||
Jensen Alpha | (0.24) | |||
Total Risk Alpha | (0.47) | |||
Treynor Ratio | 1.38 |
SOOSAN INT Backtested Returns
SOOSAN INT owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of standard deviation over the last 3 months. SOOSAN INT Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SOOSAN INT's risk adjusted performance of (0.14), and Variance of 1.81 to confirm the risk estimate we provide. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SOOSAN INT are expected to decrease at a much lower rate. During the bear market, SOOSAN INT is likely to outperform the market. At this point, SOOSAN INT has a negative expected return of -0.26%. Please make sure to validate SOOSAN INT's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if SOOSAN INT performance from the past will be repeated at some future point.
Auto-correlation | -0.18 |
Insignificant reverse predictability
SOOSAN INT Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between SOOSAN INT time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 SOOSAN INT price movement. The serial correlation of -0.18 indicates that over 18.0% of current SOOSAN INT price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.18 | |
Spearman Rank Test | -0.35 | |
Residual Average | 0.0 | |
Price Variance | 291.2 K |
SOOSAN INT lagged returns against current returns
Autocorrelation, which is SOOSAN INT 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 SOOSAN INT's stock expected returns. We can calculate the autocorrelation of SOOSAN INT returns to help us make a trade decision. For example, suppose you find that SOOSAN INT 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 |
SOOSAN INT 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 SOOSAN INT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOOSAN INT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOOSAN INT stock over time.
Current vs Lagged Prices |
Timeline |
SOOSAN INT Lagged Returns
When evaluating SOOSAN INT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOOSAN INT stock have on its future price. SOOSAN INT 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, SOOSAN INT autocorrelation shows the relationship between SOOSAN INT stock current value and its past values and can show if there is a momentum factor associated with investing in SOOSAN INT Co.
Regressed Prices |
Timeline |
Pair Trading with SOOSAN INT
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 SOOSAN INT 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 SOOSAN INT will appreciate offsetting losses from the drop in the long position's value.Moving together with SOOSAN Stock
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0.79 | 065370 | WISE iTech | PairCorr |
Moving against SOOSAN Stock
The ability to find closely correlated positions to SOOSAN INT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SOOSAN INT 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 SOOSAN INT - 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 SOOSAN INT Co to buy it.
The correlation of SOOSAN INT 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 SOOSAN INT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SOOSAN INT 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 SOOSAN INT 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 SOOSAN Stock
SOOSAN INT financial ratios help investors to determine whether SOOSAN 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 SOOSAN with respect to the benefits of owning SOOSAN INT security.