Suprema ID (Korea) Market Value
| 317770 Stock | KRW 3,395 40.00 1.19% |
| Symbol | Suprema |
Suprema ID '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 Suprema ID'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 Suprema ID.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Suprema ID on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Suprema ID or generate 0.0% return on investment in Suprema ID over 30 days. Suprema ID is related to or competes with BIT Computer, Hanjin Transportation, Alton Sports, Nable Communications, and Daishin Information. Suprema ID Inc. develops and provides end-to-end biometric identity solutions in South Korea and internationally More
Suprema ID 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 Suprema ID'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 Suprema ID upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.79 | |||
| Information Ratio | 0.038 | |||
| Maximum Drawdown | 44.6 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 4.17 |
Suprema ID Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suprema ID's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suprema ID's standard deviation. In reality, there are many statistical measures that can use Suprema ID historical prices to predict the future Suprema ID's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.1947 | |||
| Total Risk Alpha | 0.159 | |||
| Sortino Ratio | 0.0495 | |||
| Treynor Ratio | (0.40) |
Suprema ID Backtested Returns
Suprema ID appears to be very steady, given 3 months investment horizon. Suprema ID owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0806, which indicates the firm had a 0.0806 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Suprema ID, which you can use to evaluate the volatility of the company. Please review Suprema ID's Coefficient Of Variation of 2437.17, risk adjusted performance of 0.0387, and Semi Deviation of 3.43 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suprema ID holds a performance score of 6. The entity has a beta of -0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Suprema ID are expected to decrease at a much lower rate. During the bear market, Suprema ID is likely to outperform the market. Please check Suprema ID's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Suprema ID's existing price patterns will revert.
Auto-correlation | -0.5 |
Modest reverse predictability
Suprema ID has modest reverse predictability. Overlapping area represents the amount of predictability between Suprema ID time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Suprema ID price movement. The serial correlation of -0.5 indicates that about 50.0% of current Suprema ID price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 52.2 K |
Suprema ID lagged returns against current returns
Autocorrelation, which is Suprema ID 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 Suprema ID's stock expected returns. We can calculate the autocorrelation of Suprema ID returns to help us make a trade decision. For example, suppose you find that Suprema ID 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 |
Suprema ID 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 Suprema ID stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suprema ID stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suprema ID stock over time.
Current vs Lagged Prices |
| Timeline |
Suprema ID Lagged Returns
When evaluating Suprema ID's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suprema ID stock have on its future price. Suprema ID 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, Suprema ID autocorrelation shows the relationship between Suprema ID stock current value and its past values and can show if there is a momentum factor associated with investing in Suprema ID.
Regressed Prices |
| Timeline |
Pair Trading with Suprema ID
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 Suprema ID 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 Suprema ID will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Suprema ID could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Suprema ID 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 Suprema ID - 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 Suprema ID to buy it.
The correlation of Suprema ID 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 Suprema ID moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Suprema ID 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 Suprema ID 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 Suprema Stock
Suprema ID financial ratios help investors to determine whether Suprema 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 Suprema with respect to the benefits of owning Suprema ID security.