GiantStep (Korea) Market Value
| 289220 Stock | KRW 5,620 600.00 11.95% |
| Symbol | GiantStep |
GiantStep '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 GiantStep'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 GiantStep.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in GiantStep on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding GiantStep Co or generate 0.0% return on investment in GiantStep over 480 days. GiantStep is related to or competes with Haitai Confectionery, Cloud Air, FoodNamoo, Sempio Foods, SK Chemicals, CJ Seafood, and Daejung Chemicals. Giantstep produces digital media for various clients related to visual image production in feature films, commercials, m... More
GiantStep 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 GiantStep'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 GiantStep Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 42.63 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 7.41 |
GiantStep Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GiantStep's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GiantStep's standard deviation. In reality, there are many statistical measures that can use GiantStep historical prices to predict the future GiantStep's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | (0.20) |
GiantStep Backtested Returns
GiantStep holds Efficiency (Sharpe) Ratio of -0.0026, which attests that the entity had a -0.0026% return per unit of standard deviation over the last 3 months. GiantStep exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GiantStep's risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.19) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GiantStep's returns are expected to increase less than the market. However, during the bear market, the loss of holding GiantStep is expected to be smaller as well. At this point, GiantStep has a negative expected return of -0.0145%. Please make sure to check out GiantStep'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 GiantStep performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
GiantStep Co has virtually no predictability. Overlapping area represents the amount of predictability between GiantStep time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 GiantStep price movement. The serial correlation of 0.02 indicates that only 2.0% of current GiantStep price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
GiantStep lagged returns against current returns
Autocorrelation, which is GiantStep 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 GiantStep's stock expected returns. We can calculate the autocorrelation of GiantStep returns to help us make a trade decision. For example, suppose you find that GiantStep 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 |
GiantStep 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 GiantStep stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GiantStep stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GiantStep stock over time.
Current vs Lagged Prices |
| Timeline |
GiantStep Lagged Returns
When evaluating GiantStep's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GiantStep stock have on its future price. GiantStep 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, GiantStep autocorrelation shows the relationship between GiantStep stock current value and its past values and can show if there is a momentum factor associated with investing in GiantStep Co.
Regressed Prices |
| Timeline |
Pair Trading with GiantStep
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 GiantStep 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 GiantStep will appreciate offsetting losses from the drop in the long position's value.Moving against GiantStep Stock
The ability to find closely correlated positions to GiantStep could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GiantStep 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 GiantStep - 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 GiantStep Co to buy it.
The correlation of GiantStep 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 GiantStep moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GiantStep 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 GiantStep 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 GiantStep Stock
GiantStep financial ratios help investors to determine whether GiantStep 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 GiantStep with respect to the benefits of owning GiantStep security.