S Fuelcell (Korea) Market Value
| 288620 Stock | KRW 8,730 40.00 0.46% |
| Symbol | 288620 |
S Fuelcell '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 S Fuelcell'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 S Fuelcell.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in S Fuelcell on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding S Fuelcell co or generate 0.0% return on investment in S Fuelcell over 570 days. S Fuelcell is related to or competes with Shin Heung, Sangsin Energy, Amogreentech CoLtd, Bosung Power, APro, MPLUS Corp. S-Fuelcell Co., Ltd. provides fuel cell systems, hydrogen generation systems, and fuel conversion devices More
S Fuelcell 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 S Fuelcell'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 S Fuelcell co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 11.94 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 2.91 |
S Fuelcell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for S Fuelcell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as S Fuelcell's standard deviation. In reality, there are many statistical measures that can use S Fuelcell historical prices to predict the future S Fuelcell's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (7.29) |
S Fuelcell co Backtested Returns
S Fuelcell co owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.26, which indicates the company had a -0.26% return per unit of volatility over the last 3 months. S Fuelcell co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate S Fuelcell's Market Risk Adjusted Performance of (7.28), standard deviation of 2.25, and Risk Adjusted Performance of (0.19) to confirm the risk estimate we provide. The firm has a beta of 0.0807, which indicates not very significant fluctuations relative to the market. As returns on the market increase, S Fuelcell's returns are expected to increase less than the market. However, during the bear market, the loss of holding S Fuelcell is expected to be smaller as well. At this point, S Fuelcell co has a negative expected return of -0.59%. Please make sure to validate S Fuelcell'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 S Fuelcell co performance from the past will be repeated sooner or later.
Auto-correlation | 0.47 |
Average predictability
S Fuelcell co has average predictability. Overlapping area represents the amount of predictability between S Fuelcell time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 S Fuelcell co price movement. The serial correlation of 0.47 indicates that about 47.0% of current S Fuelcell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 4 M |
S Fuelcell co lagged returns against current returns
Autocorrelation, which is S Fuelcell 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 S Fuelcell's stock expected returns. We can calculate the autocorrelation of S Fuelcell returns to help us make a trade decision. For example, suppose you find that S Fuelcell 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 |
S Fuelcell 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 S Fuelcell stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if S Fuelcell stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in S Fuelcell stock over time.
Current vs Lagged Prices |
| Timeline |
S Fuelcell Lagged Returns
When evaluating S Fuelcell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of S Fuelcell stock have on its future price. S Fuelcell 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, S Fuelcell autocorrelation shows the relationship between S Fuelcell stock current value and its past values and can show if there is a momentum factor associated with investing in S Fuelcell co.
Regressed Prices |
| Timeline |
Pair Trading with S Fuelcell
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 S Fuelcell 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 S Fuelcell will appreciate offsetting losses from the drop in the long position's value.Moving together with 288620 Stock
| 0.77 | 243840 | Shin Heung Energy | PairCorr |
| 0.86 | 091580 | Sangsin Energy Display | PairCorr |
| 0.72 | 125210 | Amogreentech CoLtd | PairCorr |
Moving against 288620 Stock
The ability to find closely correlated positions to S Fuelcell could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace S Fuelcell 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 S Fuelcell - 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 S Fuelcell co to buy it.
The correlation of S Fuelcell 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 S Fuelcell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if S Fuelcell co 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 S Fuelcell 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 288620 Stock
S Fuelcell financial ratios help investors to determine whether 288620 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 288620 with respect to the benefits of owning S Fuelcell security.