Sang A (Korea) Market Value
| 089980 Stock | KRW 19,520 110.00 0.57% |
| Symbol | Sang |
Sang A '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 Sang A'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 Sang A.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Sang A on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Sang A Frontec CoLtd or generate 0.0% return on investment in Sang A over 30 days. Sang A is related to or competes with Digital Imaging, Polaris Office, Eagle Veterinary, Eugene Technology, Puloon Technology, Daou Technology, and Koh Young. SangA Frontec Co., Ltd. produces and sells cuttingedge componentsmaterials using engineering plastic and fluoride resign in South Korea and internationally. More
Sang A 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 Sang A'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 Sang A Frontec CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.94 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.08 |
Sang A Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sang A's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sang A's standard deviation. In reality, there are many statistical measures that can use Sang A historical prices to predict the future Sang A's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.79) |
Sang A Frontec Backtested Returns
Sang A Frontec owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0839, which indicates the firm had a -0.0839% return per unit of risk over the last 3 months. Sang A Frontec CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sang A's Risk Adjusted Performance of (0.03), coefficient of variation of (2,112), and Variance of 6.3 to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sang A's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sang A is expected to be smaller as well. At this point, Sang A Frontec has a negative expected return of -0.21%. Please make sure to validate Sang A's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Sang A Frontec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Sang A Frontec CoLtd has below average predictability. Overlapping area represents the amount of predictability between Sang A time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Sang A Frontec price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Sang A price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 270.5 K |
Sang A Frontec lagged returns against current returns
Autocorrelation, which is Sang A 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 Sang A's stock expected returns. We can calculate the autocorrelation of Sang A returns to help us make a trade decision. For example, suppose you find that Sang A 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 |
Sang A 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 Sang A stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sang A stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sang A stock over time.
Current vs Lagged Prices |
| Timeline |
Sang A Lagged Returns
When evaluating Sang A's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sang A stock have on its future price. Sang A 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, Sang A autocorrelation shows the relationship between Sang A stock current value and its past values and can show if there is a momentum factor associated with investing in Sang A Frontec CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Sang A
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 Sang A 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 Sang A will appreciate offsetting losses from the drop in the long position's value.Moving together with Sang Stock
| 0.84 | 005930 | Samsung Electronics | PairCorr |
| 0.8 | 005935 | Samsung Electronics | PairCorr |
| 0.89 | 005380 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Sang A could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sang A 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 Sang A - 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 Sang A Frontec CoLtd to buy it.
The correlation of Sang A 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 Sang A moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sang A Frontec 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 Sang A 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 Sang Stock
Sang A financial ratios help investors to determine whether Sang 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 Sang with respect to the benefits of owning Sang A security.