SOL K (Korea) Market Value
| 423170 Etf | 19,085 940.00 5.18% |
| Symbol | SOL |
SOL K '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 SOL K's etf 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 SOL K.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in SOL K on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding SOL K Global Semiconductor or generate 0.0% return on investment in SOL K over 30 days.
SOL K 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 SOL K's etf 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 SOL K Global Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 5.7 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.38 |
SOL K Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOL K's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOL K's standard deviation. In reality, there are many statistical measures that can use SOL K historical prices to predict the future SOL K's volatility.| Risk Adjusted Performance | 0.0485 | |||
| Jensen Alpha | 0.0969 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0033 | |||
| Treynor Ratio | (0.23) |
SOL K Global Backtested Returns
At this point, SOL K is very steady. SOL K Global owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0776, which indicates the etf had a 0.0776 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SOL K Global Semiconductor, which you can use to evaluate the volatility of the etf. Please validate SOL K's coefficient of variation of 1919.33, and Risk Adjusted Performance of 0.0485 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SOL K are expected to decrease at a much lower rate. During the bear market, SOL K is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
SOL K Global Semiconductor has below average predictability. Overlapping area represents the amount of predictability between SOL K time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd 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 SOL K Global price movement. The serial correlation of 0.36 indicates that just about 36.0% of current SOL K price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 185.4 K |
SOL K Global lagged returns against current returns
Autocorrelation, which is SOL K etf'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 SOL K's etf expected returns. We can calculate the autocorrelation of SOL K returns to help us make a trade decision. For example, suppose you find that SOL K has exhibited high autocorrelation historically, and you observe that the etf 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 |
SOL K 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 SOL K etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOL K etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOL K etf over time.
Current vs Lagged Prices |
| Timeline |
SOL K Lagged Returns
When evaluating SOL K's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOL K etf have on its future price. SOL K 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, SOL K autocorrelation shows the relationship between SOL K etf current value and its past values and can show if there is a momentum factor associated with investing in SOL K Global Semiconductor.
Regressed Prices |
| Timeline |
Pair Trading with SOL K
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 SOL K 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 SOL K will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SOL K could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SOL K 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 SOL K - 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 SOL K Global Semiconductor to buy it.
The correlation of SOL K 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 SOL K moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SOL K Global 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 SOL K 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.