Tamul Multimedia (Korea) Market Value

093640 Stock  KRW 4,220  65.00  1.56%   
Tamul Multimedia's market value is the price at which a share of Tamul Multimedia trades on a public exchange. It measures the collective expectations of Tamul Multimedia Co investors about its performance. Tamul Multimedia is trading at 4220.00 as of the 27th of November 2024, a 1.56 percent increase since the beginning of the trading day. The stock's open price was 4155.0.
With this module, you can estimate the performance of a buy and hold strategy of Tamul Multimedia Co and determine expected loss or profit from investing in Tamul Multimedia over a given investment horizon. Check out Tamul Multimedia Correlation, Tamul Multimedia Volatility and Tamul Multimedia Alpha and Beta module to complement your research on Tamul Multimedia.
Symbol

Please note, there is a significant difference between Tamul Multimedia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tamul Multimedia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tamul Multimedia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Tamul Multimedia '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 Tamul Multimedia'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 Tamul Multimedia.
0.00
12/03/2023
No Change 0.00  0.0 
In 11 months and 27 days
11/27/2024
0.00
If you would invest  0.00  in Tamul Multimedia on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Tamul Multimedia Co or generate 0.0% return on investment in Tamul Multimedia over 360 days. Tamul Multimedia is related to or competes with SK Hynix, LX Semicon, Tokai Carbon, People Technology, Hana Materials, SIMMTECH, and Haesung DS. Tamul Multimedia Co., Ltd provides CD and flash MP3 players in Korea More

Tamul Multimedia 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 Tamul Multimedia'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 Tamul Multimedia Co upside and downside potential and time the market with a certain degree of confidence.

Tamul Multimedia Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tamul Multimedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tamul Multimedia's standard deviation. In reality, there are many statistical measures that can use Tamul Multimedia historical prices to predict the future Tamul Multimedia's volatility.
Hype
Prediction
LowEstimatedHigh
4,2174,2204,223
Details
Intrinsic
Valuation
LowRealHigh
3,8613,8644,642
Details
Naive
Forecast
LowNextHigh
4,0304,0334,036
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3,9814,2364,492
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tamul Multimedia. Your research has to be compared to or analyzed against Tamul Multimedia's peers to derive any actionable benefits. When done correctly, Tamul Multimedia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tamul Multimedia.

Tamul Multimedia Backtested Returns

Tamul Multimedia owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Tamul Multimedia Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tamul Multimedia's Risk Adjusted Performance of (0.09), coefficient of variation of (781.03), and Variance of 9.32 to confirm the risk estimate we provide. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tamul Multimedia are expected to decrease at a much lower rate. During the bear market, Tamul Multimedia is likely to outperform the market. At this point, Tamul Multimedia has a negative expected return of -0.48%. Please make sure to validate Tamul Multimedia's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Tamul Multimedia performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.77  

Good predictability

Tamul Multimedia Co has good predictability. Overlapping area represents the amount of predictability between Tamul Multimedia time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Tamul Multimedia price movement. The serial correlation of 0.77 indicates that around 77.0% of current Tamul Multimedia price fluctuation can be explain by its past prices.
Correlation Coefficient0.77
Spearman Rank Test0.77
Residual Average0.0
Price Variance1.1 M

Tamul Multimedia lagged returns against current returns

Autocorrelation, which is Tamul Multimedia 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 Tamul Multimedia's stock expected returns. We can calculate the autocorrelation of Tamul Multimedia returns to help us make a trade decision. For example, suppose you find that Tamul Multimedia 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  

Tamul Multimedia 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 Tamul Multimedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tamul Multimedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tamul Multimedia stock over time.
   Current vs Lagged Prices   
       Timeline  

Tamul Multimedia Lagged Returns

When evaluating Tamul Multimedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tamul Multimedia stock have on its future price. Tamul Multimedia 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, Tamul Multimedia autocorrelation shows the relationship between Tamul Multimedia stock current value and its past values and can show if there is a momentum factor associated with investing in Tamul Multimedia Co.
   Regressed Prices   
       Timeline  

Pair Trading with Tamul Multimedia

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 Tamul Multimedia 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 Tamul Multimedia will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tamul Stock

  0.76108320 LX SemiconPairCorr
  0.79064760 Tokai Carbon KoreaPairCorr
  0.76166090 Hana MaterialsPairCorr

Moving against Tamul Stock

  0.85030200 KT CorporationPairCorr
  0.45000660 SK HynixPairCorr
The ability to find closely correlated positions to Tamul Multimedia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamul Multimedia 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 Tamul Multimedia - 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 Tamul Multimedia Co to buy it.
The correlation of Tamul Multimedia 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 Tamul Multimedia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamul Multimedia 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 Tamul Multimedia 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Tamul Stock

Tamul Multimedia financial ratios help investors to determine whether Tamul 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 Tamul with respect to the benefits of owning Tamul Multimedia security.