TAEYANG (Korea) Market Value
| 053620 Stock | KRW 6,360 70.00 1.09% |
| Symbol | TAEYANG |
TAEYANG '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 TAEYANG'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 TAEYANG.
| 12/24/2023 |
| 12/18/2024 |
If you would invest 0.00 in TAEYANG on December 24, 2023 and sell it all today you would earn a total of 0.00 from holding TAEYANG or generate 0.0% return on investment in TAEYANG over 360 days. TAEYANG is related to or competes with Kukdo Chemical, ITM Semiconductor, Miwon Chemical, Youngbo Chemical, Tway Air, SH Energy, and Korean Air. TAEYANG Corporation provides portable butane gas cartridges, stoves, and gas filling and aerosol products in South Korea More
TAEYANG 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 TAEYANG'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 TAEYANG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0257 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.83 |
TAEYANG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAEYANG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAEYANG's standard deviation. In reality, there are many statistical measures that can use TAEYANG historical prices to predict the future TAEYANG's volatility.| Risk Adjusted Performance | 0.0617 | |||
| Jensen Alpha | 0.1046 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0272 | |||
| Treynor Ratio | (0.36) |
TAEYANG Backtested Returns
At this point, TAEYANG is very steady. TAEYANG owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0773, which indicates the company had a 0.0773% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for TAEYANG, which you can use to evaluate the volatility of the entity. Please validate TAEYANG's Market Risk Adjusted Performance of (0.35), risk adjusted performance of 0.0617, and Downside Deviation of 1.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. TAEYANG has a performance score of 6 on a scale of 0 to 100. The firm has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TAEYANG are expected to decrease at a much lower rate. During the bear market, TAEYANG is likely to outperform the market. TAEYANG now has a risk of 1.31%. Please validate TAEYANG mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if TAEYANG will be following its existing price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
TAEYANG has modest reverse predictability. Overlapping area represents the amount of predictability between TAEYANG time series from 24th of December 2023 to 21st of June 2024 and 21st of June 2024 to 18th 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 TAEYANG price movement. The serial correlation of -0.43 indicates that just about 43.0% of current TAEYANG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 138 K |
TAEYANG lagged returns against current returns
Autocorrelation, which is TAEYANG 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 TAEYANG's stock expected returns. We can calculate the autocorrelation of TAEYANG returns to help us make a trade decision. For example, suppose you find that TAEYANG 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 |
TAEYANG 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 TAEYANG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAEYANG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAEYANG stock over time.
Current vs Lagged Prices |
| Timeline |
TAEYANG Lagged Returns
When evaluating TAEYANG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAEYANG stock have on its future price. TAEYANG 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, TAEYANG autocorrelation shows the relationship between TAEYANG stock current value and its past values and can show if there is a momentum factor associated with investing in TAEYANG.
Regressed Prices |
| Timeline |
Pair Trading with TAEYANG
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 TAEYANG 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 TAEYANG will appreciate offsetting losses from the drop in the long position's value.Moving together with TAEYANG Stock
Moving against TAEYANG Stock
| 0.45 | 005935 | Samsung Electronics | PairCorr |
| 0.44 | 005930 | Samsung Electronics | PairCorr |
| 0.39 | 005380 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to TAEYANG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TAEYANG 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 TAEYANG - 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 TAEYANG to buy it.
The correlation of TAEYANG 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 TAEYANG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TAEYANG 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 TAEYANG 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 TAEYANG Stock
TAEYANG financial ratios help investors to determine whether TAEYANG 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 TAEYANG with respect to the benefits of owning TAEYANG security.