Shin Heung (Korea) Market Value
| 243840 Stock | KRW 5,880 130.00 2.16% |
| Symbol | Shin |
Shin Heung '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 Shin Heung'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 Shin Heung.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Shin Heung on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Shin Heung Energy or generate 0.0% return on investment in Shin Heung over 720 days. Shin Heung is related to or competes with Ecopro BM, Sangsin Energy, Bosung Power, and APro. ,Ltd. produces and sells lithium ion and polymer battery parts worldwide More
Shin Heung 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 Shin Heung'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 Shin Heung Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 13.17 | |||
| Value At Risk | (5.54) | |||
| Potential Upside | 4.82 |
Shin Heung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shin Heung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shin Heung's standard deviation. In reality, there are many statistical measures that can use Shin Heung historical prices to predict the future Shin Heung's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 1.09 |
Shin Heung Energy Backtested Returns
Shin Heung Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Shin Heung Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shin Heung's Variance of 8.62, risk adjusted performance of (0.09), and Coefficient Of Variation of (795.76) to confirm the risk estimate we provide. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shin Heung are expected to decrease at a much lower rate. During the bear market, Shin Heung is likely to outperform the market. At this point, Shin Heung Energy has a negative expected return of -0.58%. Please make sure to validate Shin Heung's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shin Heung Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Shin Heung Energy has good predictability. Overlapping area represents the amount of predictability between Shin Heung 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 Shin Heung Energy price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Shin Heung price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 M |
Shin Heung Energy lagged returns against current returns
Autocorrelation, which is Shin Heung 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 Shin Heung's stock expected returns. We can calculate the autocorrelation of Shin Heung returns to help us make a trade decision. For example, suppose you find that Shin Heung 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 |
Shin Heung 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 Shin Heung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shin Heung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shin Heung stock over time.
Current vs Lagged Prices |
| Timeline |
Shin Heung Lagged Returns
When evaluating Shin Heung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shin Heung stock have on its future price. Shin Heung 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, Shin Heung autocorrelation shows the relationship between Shin Heung stock current value and its past values and can show if there is a momentum factor associated with investing in Shin Heung Energy.
Regressed Prices |
| Timeline |
Pair Trading with Shin Heung
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 Shin Heung 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 Shin Heung will appreciate offsetting losses from the drop in the long position's value.Moving together with Shin Stock
The ability to find closely correlated positions to Shin Heung could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shin Heung 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 Shin Heung - 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 Shin Heung Energy to buy it.
The correlation of Shin Heung 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 Shin Heung moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shin Heung Energy 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 Shin Heung 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 Shin Stock
Shin Heung financial ratios help investors to determine whether Shin 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 Shin with respect to the benefits of owning Shin Heung security.