MS Autotech (Korea) Market Value
| 123040 Stock | KRW 2,755 45.00 1.61% |
| Symbol | 123040 |
MS Autotech '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 MS Autotech'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 MS Autotech.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in MS Autotech on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding MS Autotech CoLtd or generate 0.0% return on investment in MS Autotech over 30 days. MS Autotech is related to or competes with KMH Hitech, GemVaxKAEL CoLtd, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. The company offers fender apron and side members, center and rear floors, front and rear doors, reinforcement side outer... More
MS Autotech 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 MS Autotech'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 MS Autotech CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 2.89 |
MS Autotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MS Autotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MS Autotech's standard deviation. In reality, there are many statistical measures that can use MS Autotech historical prices to predict the future MS Autotech's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 6.08 |
MS Autotech CoLtd Backtested Returns
MS Autotech CoLtd retains Efficiency (Sharpe Ratio) of -0.17, which conveys that the firm had a -0.17% return per unit of price deviation over the last 3 months. MS Autotech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MS Autotech's Information Ratio of (0.24), mean deviation of 1.55, and Market Risk Adjusted Performance of 6.09 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.0636, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MS Autotech are expected to decrease at a much lower rate. During the bear market, MS Autotech is likely to outperform the market. At this point, MS Autotech CoLtd has a negative expected return of -0.36%. Please make sure to verify MS Autotech'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 MS Autotech CoLtd performance from the past will be repeated sooner or later.
Auto-correlation | -0.45 |
Modest reverse predictability
MS Autotech CoLtd has modest reverse predictability. Overlapping area represents the amount of predictability between MS Autotech time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 MS Autotech CoLtd price movement. The serial correlation of -0.45 indicates that just about 45.0% of current MS Autotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 6950.52 |
MS Autotech CoLtd lagged returns against current returns
Autocorrelation, which is MS Autotech 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 MS Autotech's stock expected returns. We can calculate the autocorrelation of MS Autotech returns to help us make a trade decision. For example, suppose you find that MS Autotech 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 |
MS Autotech 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 MS Autotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MS Autotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MS Autotech stock over time.
Current vs Lagged Prices |
| Timeline |
MS Autotech Lagged Returns
When evaluating MS Autotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MS Autotech stock have on its future price. MS Autotech 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, MS Autotech autocorrelation shows the relationship between MS Autotech stock current value and its past values and can show if there is a momentum factor associated with investing in MS Autotech CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with MS Autotech
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 MS Autotech 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 MS Autotech will appreciate offsetting losses from the drop in the long position's value.Moving together with 123040 Stock
Moving against 123040 Stock
The ability to find closely correlated positions to MS Autotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MS Autotech 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 MS Autotech - 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 MS Autotech CoLtd to buy it.
The correlation of MS Autotech 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 MS Autotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MS Autotech 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 MS Autotech 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 123040 Stock
MS Autotech financial ratios help investors to determine whether 123040 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 123040 with respect to the benefits of owning MS Autotech security.