POSCO Holdings (Germany) Market Value
| PKX Stock | EUR 50.50 1.50 3.06% |
| Symbol | POSCO |
POSCO Holdings '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 POSCO Holdings' 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 POSCO Holdings.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in POSCO Holdings on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding POSCO Holdings or generate 0.0% return on investment in POSCO Holdings over 90 days. POSCO Holdings is related to or competes with Nippon Steel, and Reliance Steel. POSCO, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and intern... More
POSCO Holdings 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 POSCO Holdings' 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 POSCO Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.69 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 4.59 |
POSCO Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POSCO Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POSCO Holdings' standard deviation. In reality, there are many statistical measures that can use POSCO Holdings historical prices to predict the future POSCO Holdings' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.37) |
POSCO Holdings Backtested Returns
POSCO Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.04, which implies the firm had a -0.04% return per unit of standard deviation over the last 3 months. POSCO Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check POSCO Holdings' Market Risk Adjusted Performance of (0.36), risk adjusted performance of (0.03), and Coefficient Of Variation of (2,261) to confirm the risk estimate we provide. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, POSCO Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding POSCO Holdings is expected to be smaller as well. At this point, POSCO Holdings has a negative expected return of -0.1%. Please make sure to check POSCO Holdings' daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if POSCO Holdings performance from the past will be repeated at some future point.
Auto-correlation | -0.7 |
Very good reverse predictability
POSCO Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between POSCO Holdings time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 POSCO Holdings price movement. The serial correlation of -0.7 indicates that around 70.0% of current POSCO Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 12.28 |
POSCO Holdings lagged returns against current returns
Autocorrelation, which is POSCO Holdings 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 POSCO Holdings' stock expected returns. We can calculate the autocorrelation of POSCO Holdings returns to help us make a trade decision. For example, suppose you find that POSCO Holdings 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 |
POSCO Holdings 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 POSCO Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POSCO Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POSCO Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
POSCO Holdings Lagged Returns
When evaluating POSCO Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POSCO Holdings stock have on its future price. POSCO Holdings 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, POSCO Holdings autocorrelation shows the relationship between POSCO Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in POSCO Holdings.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in POSCO Stock
When determining whether POSCO Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of POSCO Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Posco Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Posco Holdings Stock:Check out POSCO Holdings Correlation, POSCO Holdings Volatility and POSCO Holdings Alpha and Beta module to complement your research on POSCO Holdings. For more detail on how to invest in POSCO Stock please use our How to Invest in POSCO Holdings guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
POSCO Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.