STCube (Korea) Market Value
| 052020 Stock | KRW 5,420 110.00 1.99% |
| Symbol | STCube |
STCube '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 STCube'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 STCube.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in STCube on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding STCube Inc or generate 0.0% return on investment in STCube over 30 days. STCube is related to or competes with Shinhan Inverse, Korea Investment, Heungkuk Metaltech, Woori Technology, Dongwon Metal, and Duksan Hi. STCube, Inc., a biopharmaceutical company, develops therapies to treat novel immune evasion mechanisms in cancer in Kore... More
STCube 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 STCube'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 STCube Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.31 | |||
| Information Ratio | 0.0215 | |||
| Maximum Drawdown | 25.44 | |||
| Value At Risk | (6.09) | |||
| Potential Upside | 7.98 |
STCube Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STCube's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STCube's standard deviation. In reality, there are many statistical measures that can use STCube historical prices to predict the future STCube's volatility.| Risk Adjusted Performance | 0.0468 | |||
| Jensen Alpha | 0.2534 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0239 | |||
| Treynor Ratio | (1.30) |
STCube Inc Backtested Returns
At this point, STCube is very steady. STCube Inc retains Efficiency (Sharpe Ratio) of 0.0335, which indicates the firm had a 0.0335% return per unit of volatility over the last 3 months. We have found thirty technical indicators for STCube, which you can use to evaluate the volatility of the company. Please validate STCube's downside deviation of 4.31, and Risk Adjusted Performance of 0.0468 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. STCube has a performance score of 2 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STCube are expected to decrease at a much lower rate. During the bear market, STCube is likely to outperform the market. STCube Inc currently owns a risk of 4.76%. Please validate STCube Inc downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if STCube Inc will be following its current price history.
Auto-correlation | -0.46 |
Modest reverse predictability
STCube Inc has modest reverse predictability. Overlapping area represents the amount of predictability between STCube time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 STCube Inc price movement. The serial correlation of -0.46 indicates that about 46.0% of current STCube price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 152.6 K |
STCube Inc lagged returns against current returns
Autocorrelation, which is STCube 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 STCube's stock expected returns. We can calculate the autocorrelation of STCube returns to help us make a trade decision. For example, suppose you find that STCube 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 |
STCube 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 STCube stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STCube stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STCube stock over time.
Current vs Lagged Prices |
| Timeline |
STCube Lagged Returns
When evaluating STCube's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STCube stock have on its future price. STCube 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, STCube autocorrelation shows the relationship between STCube stock current value and its past values and can show if there is a momentum factor associated with investing in STCube Inc.
Regressed Prices |
| Timeline |
Pair Trading with STCube
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 STCube 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 STCube will appreciate offsetting losses from the drop in the long position's value.Moving together with STCube Stock
Moving against STCube Stock
| 0.45 | 005935 | Samsung Electronics | PairCorr |
| 0.44 | 005930 | Samsung Electronics | PairCorr |
| 0.41 | 000270 | Kia Corp | PairCorr |
The ability to find closely correlated positions to STCube could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STCube 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 STCube - 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 STCube Inc to buy it.
The correlation of STCube 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 STCube moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STCube 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 STCube 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 STCube Stock
STCube financial ratios help investors to determine whether STCube 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 STCube with respect to the benefits of owning STCube security.