PC Direct (Korea) Market Value
| 051380 Stock | KRW 2,525 10.00 0.39% |
| Symbol | 051380 |
PC Direct '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 PC Direct'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 PC Direct.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in PC Direct on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding PC Direct or generate 0.0% return on investment in PC Direct over 420 days. PC Direct is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. PC Direct, Inc. distributes information technology hardware used for personal computers, mobile and digital equipment, and home appliances in South Korea. More
PC Direct 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 PC Direct'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 PC Direct upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | (0.0004) | |||
| Maximum Drawdown | 42.67 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 6.52 |
PC Direct Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PC Direct's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PC Direct's standard deviation. In reality, there are many statistical measures that can use PC Direct historical prices to predict the future PC Direct's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.2419 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | (0.1) |
PC Direct Backtested Returns
PC Direct appears to be very steady, given 3 months investment horizon. PC Direct retains Efficiency (Sharpe Ratio) of 0.04, which implies the company had a 0.04% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for PC Direct, which you can use to evaluate the volatility of the entity. Please evaluate PC Direct's market risk adjusted performance of (0.09), and Standard Deviation of 5.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PC Direct holds a performance score of 3. The firm owns a Beta (Systematic Risk) of -1.13, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning PC Direct are expected to decrease slowly. On the other hand, during market turmoil, PC Direct is expected to outperform it slightly. Please check PC Direct's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether PC Direct's current price history will revert.
Auto-correlation | -0.55 |
Good reverse predictability
PC Direct has good reverse predictability. Overlapping area represents the amount of predictability between PC Direct time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 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 PC Direct price movement. The serial correlation of -0.55 indicates that about 55.0% of current PC Direct price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 271.8 K |
PC Direct lagged returns against current returns
Autocorrelation, which is PC Direct 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 PC Direct's stock expected returns. We can calculate the autocorrelation of PC Direct returns to help us make a trade decision. For example, suppose you find that PC Direct 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 |
PC Direct 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 PC Direct stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PC Direct stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PC Direct stock over time.
Current vs Lagged Prices |
| Timeline |
PC Direct Lagged Returns
When evaluating PC Direct's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PC Direct stock have on its future price. PC Direct 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, PC Direct autocorrelation shows the relationship between PC Direct stock current value and its past values and can show if there is a momentum factor associated with investing in PC Direct.
Regressed Prices |
| Timeline |
Pair Trading with PC Direct
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 PC Direct 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 PC Direct will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to PC Direct could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PC Direct 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 PC Direct - 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 PC Direct to buy it.
The correlation of PC Direct 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 PC Direct moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PC Direct 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 PC Direct 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 051380 Stock
PC Direct financial ratios help investors to determine whether 051380 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 051380 with respect to the benefits of owning PC Direct security.