PI Advanced (Korea) Market Value
| 178920 Stock | KRW 17,680 70.00 0.40% |
| Symbol | 178920 |
PI Advanced '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 PI Advanced'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 PI Advanced.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in PI Advanced on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding PI Advanced Materials or generate 0.0% return on investment in PI Advanced over 30 days. PI Advanced is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. SKCKOLONPI, Inc. engages in the manufacture and sale of polyimide films in South Korea More
PI Advanced 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 PI Advanced'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 PI Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 23.17 | |||
| Value At Risk | (5.64) | |||
| Potential Upside | 3.73 |
PI Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PI Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PI Advanced's standard deviation. In reality, there are many statistical measures that can use PI Advanced historical prices to predict the future PI Advanced's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | 13.3 |
PI Advanced Materials Backtested Returns
PI Advanced Materials retains Efficiency (Sharpe Ratio) of -0.16, which implies the firm had a -0.16% return per unit of price deviation over the last 3 months. PI Advanced exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PI Advanced's information ratio of (0.22), and Market Risk Adjusted Performance of 13.31 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.0455, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PI Advanced are expected to decrease at a much lower rate. During the bear market, PI Advanced is likely to outperform the market. At this point, PI Advanced Materials has a negative expected return of -0.57%. Please make sure to check PI Advanced's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if PI Advanced Materials performance from the past will be repeated sooner or later.
Auto-correlation | -0.55 |
Good reverse predictability
PI Advanced Materials has good reverse predictability. Overlapping area represents the amount of predictability between PI Advanced 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 PI Advanced Materials price movement. The serial correlation of -0.55 indicates that about 55.0% of current PI Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 310.2 K |
PI Advanced Materials lagged returns against current returns
Autocorrelation, which is PI Advanced 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 PI Advanced's stock expected returns. We can calculate the autocorrelation of PI Advanced returns to help us make a trade decision. For example, suppose you find that PI Advanced 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 |
PI Advanced 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 PI Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PI Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PI Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
PI Advanced Lagged Returns
When evaluating PI Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PI Advanced stock have on its future price. PI Advanced 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, PI Advanced autocorrelation shows the relationship between PI Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in PI Advanced Materials.
Regressed Prices |
| Timeline |
Pair Trading with PI Advanced
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 PI Advanced 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 PI Advanced will appreciate offsetting losses from the drop in the long position's value.Moving together with 178920 Stock
Moving against 178920 Stock
The ability to find closely correlated positions to PI Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PI Advanced 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 PI Advanced - 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 PI Advanced Materials to buy it.
The correlation of PI Advanced 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 PI Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PI Advanced Materials 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 PI Advanced 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 178920 Stock
PI Advanced financial ratios help investors to determine whether 178920 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 178920 with respect to the benefits of owning PI Advanced security.