INSUN Environmental (Korea) Market Value
| 060150 Stock | KRW 5,460 100.00 1.87% |
| Symbol | INSUN |
INSUN Environmental '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 INSUN Environmental'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 INSUN Environmental.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in INSUN Environmental on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding INSUN Environmental New or generate 0.0% return on investment in INSUN Environmental over 720 days. INSUN Environmental is related to or competes with Busan Industrial, UNISEM, and Poongsan. INSUN Environmental New Technology Co., Ltd. More
INSUN Environmental 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 INSUN Environmental'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 INSUN Environmental New upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.11 |
INSUN Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INSUN Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INSUN Environmental's standard deviation. In reality, there are many statistical measures that can use INSUN Environmental historical prices to predict the future INSUN Environmental's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.2014 |
INSUN Environmental New Backtested Returns
INSUN Environmental New holds Efficiency (Sharpe) Ratio of -0.0311, which attests that the entity had a -0.0311% return per unit of volatility over the last 3 months. INSUN Environmental New exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INSUN Environmental's risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 0.2114 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning INSUN Environmental are expected to decrease at a much lower rate. During the bear market, INSUN Environmental is likely to outperform the market. At this point, INSUN Environmental New has a negative expected return of -0.0833%. Please make sure to check out INSUN Environmental's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if INSUN Environmental New performance from the past will be repeated at future time.
Auto-correlation | 0.83 |
Very good predictability
INSUN Environmental New has very good predictability. Overlapping area represents the amount of predictability between INSUN Environmental time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 INSUN Environmental New price movement. The serial correlation of 0.83 indicates that around 83.0% of current INSUN Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 634.6 K |
INSUN Environmental New lagged returns against current returns
Autocorrelation, which is INSUN Environmental 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 INSUN Environmental's stock expected returns. We can calculate the autocorrelation of INSUN Environmental returns to help us make a trade decision. For example, suppose you find that INSUN Environmental 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 |
INSUN Environmental 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 INSUN Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INSUN Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INSUN Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
INSUN Environmental Lagged Returns
When evaluating INSUN Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INSUN Environmental stock have on its future price. INSUN Environmental 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, INSUN Environmental autocorrelation shows the relationship between INSUN Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in INSUN Environmental New.
Regressed Prices |
| Timeline |
Pair Trading with INSUN Environmental
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 INSUN Environmental 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 INSUN Environmental will appreciate offsetting losses from the drop in the long position's value.Moving together with INSUN Stock
| 0.83 | 005930 | Samsung Electronics | PairCorr |
| 0.76 | 005935 | Samsung Electronics | PairCorr |
| 0.81 | 005380 | Hyundai Motor | PairCorr |
Moving against INSUN Stock
| 0.74 | 035420 | Naver | PairCorr |
| 0.71 | 041510 | SM Entertainment | PairCorr |
| 0.53 | 078160 | MEDIPOST | PairCorr |
| 0.38 | 003920 | Namyang Dairy | PairCorr |
| 0.35 | 039240 | Gyeongnam Steel | PairCorr |
The ability to find closely correlated positions to INSUN Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INSUN Environmental 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 INSUN Environmental - 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 INSUN Environmental New to buy it.
The correlation of INSUN Environmental 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 INSUN Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INSUN Environmental New 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 INSUN Environmental 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 INSUN Stock
INSUN Environmental financial ratios help investors to determine whether INSUN 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 INSUN with respect to the benefits of owning INSUN Environmental security.