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 Copper investors about its performance. Samsung KODEX is trading at 7000.00 as of the 1st of December 2024, a 0.14 percent increase since the beginning of the trading day. The etf's open price was 6990.0. With this module, you can estimate the performance of a buy and hold strategy of Samsung KODEX Copper 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 board of governors.
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
12/07/2023
No Change 0.00
0.0
In 11 months and 27 days
12/01/2024
0.00
If you would invest 0.00 in Samsung KODEX on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Samsung KODEX Copper or generate 0.0% return on investment in Samsung KODEX over 360 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 Copper 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.
Samsung KODEX Copper owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0257, which indicates the etf had a -0.0257% return per unit of risk over the last 3 months. Samsung KODEX Copper exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Samsung KODEX's Variance of 1.83, coefficient of variation of (2,524), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.17, 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
-0.19
Insignificant reverse predictability
Samsung KODEX Copper has insignificant reverse predictability. Overlapping area represents the amount of predictability between Samsung KODEX time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Samsung KODEX Copper price movement. The serial correlation of -0.19 indicates that over 19.0% of current Samsung KODEX price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.19
Spearman Rank Test
-0.48
Residual Average
0.0
Price Variance
102.2 K
Samsung KODEX Copper 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 Copper.