Eugene Technology (Korea) Market Value
| 084370 Stock | KRW 35,200 1,200 3.30% |
| Symbol | Eugene |
Eugene 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 Eugene 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 Eugene Technology.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in Eugene Technology on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding Eugene Technology CoLtd or generate 0.0% return on investment in Eugene Technology over 570 days. Eugene Technology is related to or competes with Daou Data, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. Eugene Technology Co., Ltd. manufactures and sells semiconductor manufacturing equipment primarily in South Korea. More
Eugene 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 Eugene 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 Eugene Technology CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.94 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 4.92 |
Eugene Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eugene Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eugene Technology's standard deviation. In reality, there are many statistical measures that can use Eugene Technology historical prices to predict the future Eugene Technology's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | 7.66 |
Eugene Technology CoLtd Backtested Returns
Eugene Technology CoLtd secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Eugene Technology CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eugene Technology's Standard Deviation of 3.25, mean deviation of 2.38, and Variance of 10.57 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0602, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eugene Technology are expected to decrease at a much lower rate. During the bear market, Eugene Technology is likely to outperform the market. At this point, Eugene Technology CoLtd has a negative expected return of -0.41%. Please make sure to confirm Eugene 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 Eugene Technology CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Eugene Technology CoLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eugene Technology time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th 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 Eugene Technology CoLtd price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Eugene Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 46.3 M |
Eugene Technology CoLtd lagged returns against current returns
Autocorrelation, which is Eugene 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 Eugene Technology's stock expected returns. We can calculate the autocorrelation of Eugene Technology returns to help us make a trade decision. For example, suppose you find that Eugene 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 |
Eugene 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 Eugene Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eugene Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eugene Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Eugene Technology Lagged Returns
When evaluating Eugene Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eugene Technology stock have on its future price. Eugene 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, Eugene Technology autocorrelation shows the relationship between Eugene Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Eugene Technology CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Eugene 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 Eugene 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 Eugene Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Eugene Stock
| 0.7 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.78 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.73 | 012700 | LEADCORP | PairCorr |
| 0.67 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to Eugene 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 Eugene 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 Eugene 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 Eugene Technology CoLtd to buy it.
The correlation of Eugene 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 Eugene Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eugene Technology CoLtd 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 Eugene 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 Eugene Stock
Eugene Technology financial ratios help investors to determine whether Eugene 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 Eugene with respect to the benefits of owning Eugene Technology security.