JW Shinyak (Korea) Market Value
| 067290 Stock | KRW 1,420 18.00 1.28% |
| Symbol | 067290 |
JW Shinyak '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 JW Shinyak'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 JW Shinyak.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in JW Shinyak on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding JW Shinyak or generate 0.0% return on investment in JW Shinyak over 30 days. JW Shinyak is related to or competes with Taeyang Metal, Atinum Investment, Dongil Metal, Hanwha InvestmentSecuri, Kbi Metal, Daiyang Metal, and EBEST Investment. JW Shinyak Corporation, a pharmaceutical company, engages in the production and sale of medicines and medical supplies i... More
JW Shinyak 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 JW Shinyak'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 JW Shinyak upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 37.38 | |||
| Value At Risk | (5.72) | |||
| Potential Upside | 7.78 |
JW Shinyak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JW Shinyak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JW Shinyak's standard deviation. In reality, there are many statistical measures that can use JW Shinyak historical prices to predict the future JW Shinyak's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 0.2424 |
JW Shinyak Backtested Returns
JW Shinyak retains Efficiency (Sharpe Ratio) of -0.042, which attests that the entity had a -0.042% return per unit of price deviation over the last 3 months. JW Shinyak exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JW Shinyak's Coefficient Of Variation of (2,378), market risk adjusted performance of 0.2524, and Information Ratio of (0.07) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.87, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning JW Shinyak are expected to decrease slowly. On the other hand, during market turmoil, JW Shinyak is expected to outperform it slightly. At this point, JW Shinyak has a negative expected return of -0.2%. Please make sure to check out JW Shinyak's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if JW Shinyak performance from the past will be repeated sooner or later.
Auto-correlation | 0.35 |
Below average predictability
JW Shinyak has below average predictability. Overlapping area represents the amount of predictability between JW Shinyak time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 JW Shinyak price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current JW Shinyak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1387.36 |
JW Shinyak lagged returns against current returns
Autocorrelation, which is JW Shinyak 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 JW Shinyak's stock expected returns. We can calculate the autocorrelation of JW Shinyak returns to help us make a trade decision. For example, suppose you find that JW Shinyak 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 |
JW Shinyak 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 JW Shinyak stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JW Shinyak stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JW Shinyak stock over time.
Current vs Lagged Prices |
| Timeline |
JW Shinyak Lagged Returns
When evaluating JW Shinyak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JW Shinyak stock have on its future price. JW Shinyak 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, JW Shinyak autocorrelation shows the relationship between JW Shinyak stock current value and its past values and can show if there is a momentum factor associated with investing in JW Shinyak.
Regressed Prices |
| Timeline |
Pair Trading with JW Shinyak
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 JW Shinyak 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 JW Shinyak will appreciate offsetting losses from the drop in the long position's value.Moving against 067290 Stock
The ability to find closely correlated positions to JW Shinyak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JW Shinyak 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 JW Shinyak - 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 JW Shinyak to buy it.
The correlation of JW Shinyak 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 JW Shinyak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JW Shinyak 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 JW Shinyak 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 067290 Stock
JW Shinyak financial ratios help investors to determine whether 067290 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 067290 with respect to the benefits of owning JW Shinyak security.