Samsung KODEX's market value is the price at which a share of Samsung KODEX trades on a public exchange. It measures the collective expectations of Samsung KODEX Machinary investors about its performance. Samsung KODEX is trading at 7195.00 as of the 29th of November 2024, a 0.42 percent decrease since the beginning of the trading day. The etf's open price was 7225.0. With this module, you can estimate the performance of a buy and hold strategy of Samsung KODEX Machinary and determine expected loss or profit from investing in Samsung KODEX over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Samsung
Samsung KODEX '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 Samsung KODEX's etf 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 Samsung KODEX.
0.00
10/30/2024
No Change 0.00
0.0
In 31 days
11/29/2024
0.00
If you would invest 0.00 in Samsung KODEX on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Samsung KODEX Machinary or generate 0.0% return on investment in Samsung KODEX over 30 days.
Samsung KODEX 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 Samsung KODEX's etf 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 Samsung KODEX Machinary upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samsung KODEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samsung KODEX's standard deviation. In reality, there are many statistical measures that can use Samsung KODEX historical prices to predict the future Samsung KODEX's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Samsung KODEX. Your research has to be compared to or analyzed against Samsung KODEX's peers to derive any actionable benefits. When done correctly, Samsung KODEX'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 Samsung KODEX Machinary.
Samsung KODEX Machinary Backtested Returns
At this point, Samsung KODEX is very steady. Samsung KODEX Machinary owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0326, which indicates the etf had a 0.0326% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Samsung KODEX Machinary, which you can use to evaluate the volatility of the etf. Please validate Samsung KODEX's Risk Adjusted Performance of 0.0376, semi deviation of 1.6, and Coefficient Of Variation of 2386.37 to confirm if the risk estimate we provide is consistent with the expected return of 0.0582%. The entity has a beta of -0.0904, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Samsung KODEX are expected to decrease at a much lower rate. During the bear market, Samsung KODEX is likely to outperform the market.
Auto-correlation
0.66
Good predictability
Samsung KODEX Machinary has good predictability. Overlapping area represents the amount of predictability between Samsung KODEX time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Samsung KODEX Machinary price movement. The serial correlation of 0.66 indicates that around 66.0% of current Samsung KODEX price fluctuation can be explain by its past prices.
Correlation Coefficient
0.66
Spearman Rank Test
0.61
Residual Average
0.0
Price Variance
18 K
Samsung KODEX Machinary lagged returns against current returns
Autocorrelation, which is Samsung KODEX etf'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 Samsung KODEX's etf expected returns. We can calculate the autocorrelation of Samsung KODEX returns to help us make a trade decision. For example, suppose you find that Samsung KODEX has exhibited high autocorrelation historically, and you observe that the etf 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
Samsung KODEX 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 Samsung KODEX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samsung KODEX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samsung KODEX etf over time.
Current vs Lagged Prices
Timeline
Samsung KODEX Lagged Returns
When evaluating Samsung KODEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samsung KODEX etf have on its future price. Samsung KODEX 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, Samsung KODEX autocorrelation shows the relationship between Samsung KODEX etf current value and its past values and can show if there is a momentum factor associated with investing in Samsung KODEX Machinary.