Settlebank (Korea) Market Value
| 234340 Stock | KRW 15,650 20.00 0.13% |
| Symbol | Settlebank |
Settlebank '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 Settlebank'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 Settlebank.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Settlebank on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Settlebank or generate 0.0% return on investment in Settlebank over 720 days. Settlebank is related to or competes with Busan Industrial, UNISEM, Finebesteel, Fine Besteel, and Hyundai Heavy. Settlebank, Inc., a fintech company, provides electronic financial and payment platforms More
Settlebank 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 Settlebank'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 Settlebank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.52 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.68 |
Settlebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Settlebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Settlebank's standard deviation. In reality, there are many statistical measures that can use Settlebank historical prices to predict the future Settlebank's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 1.92 |
Settlebank Backtested Returns
Settlebank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.017, which indicates the firm had a -0.017% return per unit of risk over the last 3 months. Settlebank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Settlebank's Variance of 7.11, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,320) to confirm the risk estimate we provide. The entity has a beta of -0.0649, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Settlebank are expected to decrease at a much lower rate. During the bear market, Settlebank is likely to outperform the market. At this point, Settlebank has a negative expected return of -0.0446%. Please make sure to validate Settlebank's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Settlebank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Settlebank has good predictability. Overlapping area represents the amount of predictability between Settlebank time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Settlebank price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Settlebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 9.8 M |
Settlebank lagged returns against current returns
Autocorrelation, which is Settlebank 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 Settlebank's stock expected returns. We can calculate the autocorrelation of Settlebank returns to help us make a trade decision. For example, suppose you find that Settlebank 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 |
Settlebank 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 Settlebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Settlebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Settlebank stock over time.
Current vs Lagged Prices |
| Timeline |
Settlebank Lagged Returns
When evaluating Settlebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Settlebank stock have on its future price. Settlebank 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, Settlebank autocorrelation shows the relationship between Settlebank stock current value and its past values and can show if there is a momentum factor associated with investing in Settlebank.
Regressed Prices |
| Timeline |
Pair Trading with Settlebank
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 Settlebank 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 Settlebank will appreciate offsetting losses from the drop in the long position's value.Moving together with Settlebank Stock
Moving against Settlebank Stock
The ability to find closely correlated positions to Settlebank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Settlebank 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 Settlebank - 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 Settlebank to buy it.
The correlation of Settlebank 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 Settlebank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Settlebank 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 Settlebank 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 Settlebank Stock
Settlebank financial ratios help investors to determine whether Settlebank 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 Settlebank with respect to the benefits of owning Settlebank security.