AurosTechnology (Korea) Market Value
| 322310 Stock | KRW 14,970 280.00 1.84% |
| Symbol | AurosTechnology |
AurosTechnology '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 AurosTechnology'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 AurosTechnology.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in AurosTechnology on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding AurosTechnology or generate 0.0% return on investment in AurosTechnology over 30 days. AurosTechnology is related to or competes with SK Hynix, People Technology, SIMMTECH, Haesung DS, and SS TECH. AUROS Technology, Inc. manufactures overlay measurement equipment in Korea More
AurosTechnology 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 AurosTechnology'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 AurosTechnology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.6 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 4.92 |
AurosTechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AurosTechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AurosTechnology's standard deviation. In reality, there are many statistical measures that can use AurosTechnology historical prices to predict the future AurosTechnology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 1.38 |
AurosTechnology Backtested Returns
AurosTechnology secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. AurosTechnology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AurosTechnology's Risk Adjusted Performance of (0.07), mean deviation of 2.63, and Standard Deviation of 3.35 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AurosTechnology are expected to decrease at a much lower rate. During the bear market, AurosTechnology is likely to outperform the market. At this point, AurosTechnology has a negative expected return of -0.44%. Please make sure to confirm AurosTechnology's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if AurosTechnology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
AurosTechnology has modest reverse predictability. Overlapping area represents the amount of predictability between AurosTechnology time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 AurosTechnology price movement. The serial correlation of -0.42 indicates that just about 42.0% of current AurosTechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 304.1 K |
AurosTechnology lagged returns against current returns
Autocorrelation, which is AurosTechnology 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 AurosTechnology's stock expected returns. We can calculate the autocorrelation of AurosTechnology returns to help us make a trade decision. For example, suppose you find that AurosTechnology 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 |
AurosTechnology 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 AurosTechnology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AurosTechnology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AurosTechnology stock over time.
Current vs Lagged Prices |
| Timeline |
AurosTechnology Lagged Returns
When evaluating AurosTechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AurosTechnology stock have on its future price. AurosTechnology 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, AurosTechnology autocorrelation shows the relationship between AurosTechnology stock current value and its past values and can show if there is a momentum factor associated with investing in AurosTechnology.
Regressed Prices |
| Timeline |
Pair Trading with AurosTechnology
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 AurosTechnology 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 AurosTechnology will appreciate offsetting losses from the drop in the long position's value.Moving together with AurosTechnology Stock
| 0.94 | 108320 | LX Semicon | PairCorr |
| 0.93 | 064760 | Tokai Carbon Korea | PairCorr |
| 0.76 | 137400 | People Technology | PairCorr |
| 0.94 | 166090 | Hana Materials | PairCorr |
Moving against AurosTechnology Stock
The ability to find closely correlated positions to AurosTechnology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AurosTechnology 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 AurosTechnology - 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 AurosTechnology to buy it.
The correlation of AurosTechnology 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 AurosTechnology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AurosTechnology 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 AurosTechnology 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 AurosTechnology Stock
AurosTechnology financial ratios help investors to determine whether AurosTechnology 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 AurosTechnology with respect to the benefits of owning AurosTechnology security.