Sugentech (Korea) Market Value
| 253840 Stock | KRW 5,520 170.00 2.99% |
| Symbol | Sugentech |
Sugentech '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 Sugentech'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 Sugentech.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sugentech on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Sugentech or generate 0.0% return on investment in Sugentech over 270 days. Sugentech is related to or competes with Seegene, LabGenomics, and Humasis. Sugentech Inc. develops and sells in-vitro diagnostic systems and products based on biotechnology, information technolog... More
Sugentech 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 Sugentech'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 Sugentech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 17.18 | |||
| Value At Risk | (6.81) | |||
| Potential Upside | 6.3 |
Sugentech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sugentech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sugentech's standard deviation. In reality, there are many statistical measures that can use Sugentech historical prices to predict the future Sugentech's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | 1.91 |
Sugentech Backtested Returns
Sugentech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0664, which indicates the firm had a -0.0664% return per unit of risk over the last 3 months. Sugentech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sugentech's Risk Adjusted Performance of (0.11), variance of 12.34, and Coefficient Of Variation of (664.24) to confirm the risk estimate we provide. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sugentech are expected to decrease at a much lower rate. During the bear market, Sugentech is likely to outperform the market. At this point, Sugentech has a negative expected return of -0.19%. Please make sure to validate Sugentech's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Sugentech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Sugentech has good predictability. Overlapping area represents the amount of predictability between Sugentech time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Sugentech price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Sugentech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 M |
Sugentech lagged returns against current returns
Autocorrelation, which is Sugentech 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 Sugentech's stock expected returns. We can calculate the autocorrelation of Sugentech returns to help us make a trade decision. For example, suppose you find that Sugentech 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 |
Sugentech 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 Sugentech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sugentech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sugentech stock over time.
Current vs Lagged Prices |
| Timeline |
Sugentech Lagged Returns
When evaluating Sugentech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sugentech stock have on its future price. Sugentech 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, Sugentech autocorrelation shows the relationship between Sugentech stock current value and its past values and can show if there is a momentum factor associated with investing in Sugentech.
Regressed Prices |
| Timeline |
Pair Trading with Sugentech
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 Sugentech 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 Sugentech will appreciate offsetting losses from the drop in the long position's value.Moving together with Sugentech Stock
Moving against Sugentech Stock
The ability to find closely correlated positions to Sugentech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sugentech 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 Sugentech - 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 Sugentech to buy it.
The correlation of Sugentech 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 Sugentech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sugentech 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 Sugentech 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 Sugentech Stock
Sugentech financial ratios help investors to determine whether Sugentech 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 Sugentech with respect to the benefits of owning Sugentech security.