RS Automation (Korea) Market Value
| 140670 Stock | 17,550 270.00 1.52% |
| Symbol | 140670 |
RS Automation '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 RS Automation'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 RS Automation.
| 11/27/2024 |
| 02/25/2025 |
If you would invest 0.00 in RS Automation on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding RS Automation CoLtd or generate 0.0% return on investment in RS Automation over 90 days. RS Automation is related to or competes with Sangsangin Investment, NH Investment, Daejung Chemicals, and GS Retail. More
RS Automation 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 RS Automation'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 RS Automation CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.7 | |||
| Information Ratio | 0.163 | |||
| Maximum Drawdown | 39.58 | |||
| Value At Risk | (7.24) | |||
| Potential Upside | 10.49 |
RS Automation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RS Automation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RS Automation's standard deviation. In reality, there are many statistical measures that can use RS Automation historical prices to predict the future RS Automation's volatility.| Risk Adjusted Performance | 0.1291 | |||
| Jensen Alpha | 0.9505 | |||
| Total Risk Alpha | 0.9913 | |||
| Sortino Ratio | 0.2037 | |||
| Treynor Ratio | (2.20) |
RS Automation CoLtd Backtested Returns
RS Automation appears to be very steady, given 3 months investment horizon. RS Automation CoLtd retains Efficiency (Sharpe Ratio) of 0.15, which implies the firm had a 0.15 % return per unit of price deviation over the last 3 months. By inspecting RS Automation's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please evaluate RS Automation's market risk adjusted performance of (2.19), and Standard Deviation of 5.87 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RS Automation holds a performance score of 11. The company owns a Beta (Systematic Risk) of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RS Automation are expected to decrease at a much lower rate. During the bear market, RS Automation is likely to outperform the market. Please check RS Automation's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether RS Automation's current price history will revert.
Auto-correlation | 0.36 |
Below average predictability
RS Automation CoLtd has below average predictability. Overlapping area represents the amount of predictability between RS Automation time series from 27th of November 2024 to 11th of January 2025 and 11th of January 2025 to 25th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RS Automation CoLtd price movement. The serial correlation of 0.36 indicates that just about 36.0% of current RS Automation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 M |
RS Automation CoLtd lagged returns against current returns
Autocorrelation, which is RS Automation 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 RS Automation's stock expected returns. We can calculate the autocorrelation of RS Automation returns to help us make a trade decision. For example, suppose you find that RS Automation 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 |
RS Automation 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 RS Automation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RS Automation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RS Automation stock over time.
Current vs Lagged Prices |
| Timeline |
RS Automation Lagged Returns
When evaluating RS Automation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RS Automation stock have on its future price. RS Automation 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, RS Automation autocorrelation shows the relationship between RS Automation stock current value and its past values and can show if there is a momentum factor associated with investing in RS Automation CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with RS Automation
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 RS Automation 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 RS Automation will appreciate offsetting losses from the drop in the long position's value.Moving against 140670 Stock
The ability to find closely correlated positions to RS Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RS Automation 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 RS Automation - 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 RS Automation CoLtd to buy it.
The correlation of RS Automation 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 RS Automation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RS Automation 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 RS Automation 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 140670 Stock
RS Automation financial ratios help investors to determine whether 140670 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 140670 with respect to the benefits of owning RS Automation security.