Solux (Korea) Market Value
| 290690 Stock | KRW 8,640 90.00 1.03% |
| Symbol | Solux |
Solux '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 Solux'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 Solux.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Solux on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Solux Co or generate 0.0% return on investment in Solux over 360 days. Solux is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. Solux Co., Ltd. manufactures and supplies indoor, outdoor, and special purpose lighting products More
Solux 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 Solux'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 Solux Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.24 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 7.99 |
Solux Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solux's standard deviation. In reality, there are many statistical measures that can use Solux historical prices to predict the future Solux's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.89) |
Solux Backtested Returns
Solux owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0444, which indicates the firm had a -0.0444% return per unit of risk over the last 3 months. Solux Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solux's Risk Adjusted Performance of (0.01), variance of 20.39, and Coefficient Of Variation of (3,703) to confirm the risk estimate we provide. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Solux's returns are expected to increase less than the market. However, during the bear market, the loss of holding Solux is expected to be smaller as well. At this point, Solux has a negative expected return of -0.18%. Please make sure to validate Solux's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Solux performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Solux Co has weak reverse predictability. Overlapping area represents the amount of predictability between Solux time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Solux price movement. The serial correlation of -0.22 indicates that over 22.0% of current Solux price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 M |
Solux lagged returns against current returns
Autocorrelation, which is Solux 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 Solux's stock expected returns. We can calculate the autocorrelation of Solux returns to help us make a trade decision. For example, suppose you find that Solux 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 |
Solux 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 Solux stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solux stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solux stock over time.
Current vs Lagged Prices |
| Timeline |
Solux Lagged Returns
When evaluating Solux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solux stock have on its future price. Solux 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, Solux autocorrelation shows the relationship between Solux stock current value and its past values and can show if there is a momentum factor associated with investing in Solux Co.
Regressed Prices |
| Timeline |
Pair Trading with Solux
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 Solux 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 Solux will appreciate offsetting losses from the drop in the long position's value.Moving together with Solux Stock
Moving against Solux Stock
The ability to find closely correlated positions to Solux could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solux 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 Solux - 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 Solux Co to buy it.
The correlation of Solux 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 Solux moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solux 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 Solux 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 Solux Stock
Solux financial ratios help investors to determine whether Solux 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 Solux with respect to the benefits of owning Solux security.