Mirai Semiconductors (Korea) Market Value
| 254490 Stock | 10,900 500.00 4.81% |
| Symbol | Mirai |
Please note, there is a significant difference between Mirai Semiconductors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mirai Semiconductors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirai Semiconductors' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mirai Semiconductors '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 Mirai Semiconductors' 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 Mirai Semiconductors.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Mirai Semiconductors on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Mirai Semiconductors Co or generate 0.0% return on investment in Mirai Semiconductors over 720 days. Mirai Semiconductors is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
Mirai Semiconductors 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 Mirai Semiconductors' 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 Mirai Semiconductors Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 38.59 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 7.18 |
Mirai Semiconductors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirai Semiconductors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirai Semiconductors' standard deviation. In reality, there are many statistical measures that can use Mirai Semiconductors historical prices to predict the future Mirai Semiconductors' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | (0.11) |
Mirai Semiconductors Backtested Returns
Mirai Semiconductors has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Mirai Semiconductors exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirai Semiconductors' Standard Deviation of 5.57, insignificant risk adjusted performance, and Mean Deviation of 3.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.86, which conveys possible diversification benefits within a given portfolio. Mirai Semiconductors returns are very sensitive to returns on the market. As the market goes up or down, Mirai Semiconductors is expected to follow. At this point, Mirai Semiconductors has a negative expected return of -0.51%. Please make sure to verify Mirai Semiconductors' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Mirai Semiconductors performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Mirai Semiconductors Co has virtually no predictability. Overlapping area represents the amount of predictability between Mirai Semiconductors time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 Mirai Semiconductors price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Mirai Semiconductors price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 12.3 M |
Mirai Semiconductors lagged returns against current returns
Autocorrelation, which is Mirai Semiconductors 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 Mirai Semiconductors' stock expected returns. We can calculate the autocorrelation of Mirai Semiconductors returns to help us make a trade decision. For example, suppose you find that Mirai Semiconductors 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 |
Mirai Semiconductors 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 Mirai Semiconductors stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirai Semiconductors stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirai Semiconductors stock over time.
Current vs Lagged Prices |
| Timeline |
Mirai Semiconductors Lagged Returns
When evaluating Mirai Semiconductors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirai Semiconductors stock have on its future price. Mirai Semiconductors 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, Mirai Semiconductors autocorrelation shows the relationship between Mirai Semiconductors stock current value and its past values and can show if there is a momentum factor associated with investing in Mirai Semiconductors Co.
Regressed Prices |
| Timeline |
Pair Trading with Mirai Semiconductors
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 Mirai Semiconductors 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 Mirai Semiconductors will appreciate offsetting losses from the drop in the long position's value.Moving together with Mirai Stock
The ability to find closely correlated positions to Mirai Semiconductors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirai Semiconductors 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 Mirai Semiconductors - 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 Mirai Semiconductors Co to buy it.
The correlation of Mirai Semiconductors 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 Mirai Semiconductors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirai Semiconductors 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 Mirai Semiconductors 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 Mirai Stock
Mirai Semiconductors financial ratios help investors to determine whether Mirai 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 Mirai with respect to the benefits of owning Mirai Semiconductors security.