SK Square (Korea) Market Value
| 402340 Stock | 73,500 500.00 0.68% |
| Symbol | 402340 |
SK Square '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 SK Square'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 SK Square.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in SK Square on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding SK Square Co or generate 0.0% return on investment in SK Square over 30 days. SK Square is related to or competes with Sangsin Energy, Innowireless, Nice Information, Digital Power, Wireless Power, Daishin Information, and Korea Computer. More
SK Square 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 SK Square'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 SK Square Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 19.57 | |||
| Value At Risk | (7.12) | |||
| Potential Upside | 6.76 |
SK Square Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SK Square's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SK Square's standard deviation. In reality, there are many statistical measures that can use SK Square historical prices to predict the future SK Square's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.24) |
SK Square Backtested Returns
SK Square retains Efficiency (Sharpe Ratio) of -0.0068, which indicates the firm had a -0.0068% return per unit of price deviation over the last 3 months. SK Square exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SK Square's Risk Adjusted Performance of (0.02), standard deviation of 4.01, and Mean Deviation of 2.99 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SK Square's returns are expected to increase less than the market. However, during the bear market, the loss of holding SK Square is expected to be smaller as well. At this point, SK Square has a negative expected return of -0.0278%. Please make sure to validate SK Square's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if SK Square performance from the past will be repeated sooner or later.
Auto-correlation | 0.87 |
Very good predictability
SK Square Co has very good predictability. Overlapping area represents the amount of predictability between SK Square time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 SK Square price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current SK Square price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 22.2 M |
SK Square lagged returns against current returns
Autocorrelation, which is SK Square 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 SK Square's stock expected returns. We can calculate the autocorrelation of SK Square returns to help us make a trade decision. For example, suppose you find that SK Square 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 |
SK Square 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 SK Square stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SK Square stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SK Square stock over time.
Current vs Lagged Prices |
| Timeline |
SK Square Lagged Returns
When evaluating SK Square's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SK Square stock have on its future price. SK Square 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, SK Square autocorrelation shows the relationship between SK Square stock current value and its past values and can show if there is a momentum factor associated with investing in SK Square Co.
Regressed Prices |
| Timeline |
Pair Trading with SK Square
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 SK Square 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 SK Square will appreciate offsetting losses from the drop in the long position's value.Moving against 402340 Stock
The ability to find closely correlated positions to SK Square could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SK Square 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 SK Square - 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 SK Square Co to buy it.
The correlation of SK Square 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 SK Square moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK Square 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 SK Square 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 402340 Stock
SK Square financial ratios help investors to determine whether 402340 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 402340 with respect to the benefits of owning SK Square security.