IC Technology (Korea) Market Value
| 052860 Stock | KRW 1,619 22.00 1.38% |
| Symbol | 052860 |
IC Technology '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 IC Technology'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 IC Technology.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in IC Technology on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding IC Technology Co or generate 0.0% return on investment in IC Technology over 720 days. IC Technology is related to or competes with Daou Data, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. IC Technology Co., Ltd. operates as a system semiconductor company More
IC Technology 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 IC Technology'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 IC Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 10.27 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 2.01 |
IC Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IC Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IC Technology's standard deviation. In reality, there are many statistical measures that can use IC Technology historical prices to predict the future IC Technology's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (8.27) |
IC Technology Backtested Returns
IC Technology retains Efficiency (Sharpe Ratio) of -0.0889, which attests that the company had a -0.0889% return per unit of price deviation over the last 3 months. IC Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IC Technology's Market Risk Adjusted Performance of (8.26), coefficient of variation of (392.07), and Information Ratio of (0.32) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0642, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IC Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding IC Technology is expected to be smaller as well. At this point, IC Technology has a negative expected return of -0.15%. Please make sure to check out IC Technology'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 IC Technology performance from the past will be repeated sooner or later.
Auto-correlation | 0.35 |
Below average predictability
IC Technology Co has below average predictability. Overlapping area represents the amount of predictability between IC Technology time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 IC Technology price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current IC Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 300 K |
IC Technology lagged returns against current returns
Autocorrelation, which is IC Technology 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 IC Technology's stock expected returns. We can calculate the autocorrelation of IC Technology returns to help us make a trade decision. For example, suppose you find that IC Technology 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 |
IC Technology 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 IC Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IC Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IC Technology stock over time.
Current vs Lagged Prices |
| Timeline |
IC Technology Lagged Returns
When evaluating IC Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IC Technology stock have on its future price. IC Technology 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, IC Technology autocorrelation shows the relationship between IC Technology stock current value and its past values and can show if there is a momentum factor associated with investing in IC Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with IC Technology
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 IC Technology 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 IC Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with 052860 Stock
| 0.73 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.8 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.73 | 012700 | LEADCORP | PairCorr |
| 0.72 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to IC Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IC Technology 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 IC Technology - 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 IC Technology Co to buy it.
The correlation of IC Technology 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 IC Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IC Technology 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 IC Technology 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 052860 Stock
IC Technology financial ratios help investors to determine whether 052860 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 052860 with respect to the benefits of owning IC Technology security.