Okins Electronics (Korea) Market Value
| 080580 Stock | KRW 4,675 40.00 0.86% |
| Symbol | Okins |
Okins Electronics '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 Okins Electronics' 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 Okins Electronics.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Okins Electronics on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Okins Electronics Co or generate 0.0% return on investment in Okins Electronics over 30 days. Okins Electronics is related to or competes with Seoul Electronics, LAKE MATERIALS, Ecoplastic, Hyundai Engineering, EV Advanced, Korea Information, and SK Telecom. OKins Electronics Co., Ltd. supplies device interface systems for the device contact interconnection, test equipment, an... More
Okins Electronics 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 Okins Electronics' 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 Okins Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 20.52 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 5.41 |
Okins Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Okins Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Okins Electronics' standard deviation. In reality, there are many statistical measures that can use Okins Electronics historical prices to predict the future Okins Electronics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.4493 |
Okins Electronics Backtested Returns
Okins Electronics maintains Sharpe Ratio (i.e., Efficiency) of -0.0876, which implies the firm had a -0.0876% return per unit of risk over the last 3 months. Okins Electronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Okins Electronics' Variance of 13.33, coefficient of variation of (1,160), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of -0.72, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Okins Electronics are expected to decrease at a much lower rate. During the bear market, Okins Electronics is likely to outperform the market. At this point, Okins Electronics has a negative expected return of -0.33%. Please make sure to check Okins Electronics' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Okins Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Okins Electronics Co has modest predictability. Overlapping area represents the amount of predictability between Okins Electronics time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Okins Electronics price movement. The serial correlation of 0.54 indicates that about 54.0% of current Okins Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 51 K |
Okins Electronics lagged returns against current returns
Autocorrelation, which is Okins Electronics 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 Okins Electronics' stock expected returns. We can calculate the autocorrelation of Okins Electronics returns to help us make a trade decision. For example, suppose you find that Okins Electronics 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 |
Okins Electronics 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 Okins Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Okins Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Okins Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Okins Electronics Lagged Returns
When evaluating Okins Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Okins Electronics stock have on its future price. Okins Electronics 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, Okins Electronics autocorrelation shows the relationship between Okins Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Okins Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Okins Electronics
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 Okins Electronics 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 Okins Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Okins Stock
The ability to find closely correlated positions to Okins Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okins Electronics 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 Okins Electronics - 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 Okins Electronics Co to buy it.
The correlation of Okins Electronics 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 Okins Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okins Electronics 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 Okins Electronics 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 Okins Stock
Okins Electronics financial ratios help investors to determine whether Okins 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 Okins with respect to the benefits of owning Okins Electronics security.