Shinil Electronics (Korea) Market Value
| 002700 Stock | 1,455 1.00 0.07% |
| Symbol | Shinil |
Shinil Electronics '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 Shinil Electronics' 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 Shinil Electronics.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Shinil Electronics on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Shinil Electronics Co or generate 0.0% return on investment in Shinil Electronics over 360 days. Shinil Electronics is related to or competes with Korea Real, Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. More
Shinil Electronics 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 Shinil Electronics' 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 Shinil Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 4.91 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.96 |
Shinil Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinil Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinil Electronics' standard deviation. In reality, there are many statistical measures that can use Shinil Electronics historical prices to predict the future Shinil Electronics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.39) |
Shinil Electronics Backtested Returns
At this point, Shinil Electronics is very steady. Shinil Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0041, which indicates the firm had a 0.0041% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Shinil Electronics Co, which you can use to evaluate the volatility of the company. Please validate Shinil Electronics' Variance of 1.04, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,663) to confirm if the risk estimate we provide is consistent with the expected return of 0.0044%. The entity has a beta of 0.0979, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shinil Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinil Electronics is expected to be smaller as well. Shinil Electronics right now has a risk of 1.07%. Please validate Shinil Electronics coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Shinil Electronics will be following its existing price patterns.
Auto-correlation | 0.45 |
Average predictability
Shinil Electronics Co has average predictability. Overlapping area represents the amount of predictability between Shinil Electronics time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 Shinil Electronics price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Shinil Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 12.2 K |
Shinil Electronics lagged returns against current returns
Autocorrelation, which is Shinil Electronics 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 Shinil Electronics' stock expected returns. We can calculate the autocorrelation of Shinil Electronics returns to help us make a trade decision. For example, suppose you find that Shinil Electronics 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 |
Shinil Electronics 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 Shinil Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinil Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinil Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Shinil Electronics Lagged Returns
When evaluating Shinil Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinil Electronics stock have on its future price. Shinil Electronics 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, Shinil Electronics autocorrelation shows the relationship between Shinil Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Shinil Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Shinil Electronics
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 Shinil Electronics 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 Shinil Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Shinil Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinil Electronics 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 Shinil Electronics - 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 Shinil Electronics Co to buy it.
The correlation of Shinil Electronics 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 Shinil Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinil Electronics 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 Shinil Electronics 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 Shinil Stock
Shinil Electronics financial ratios help investors to determine whether Shinil 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 Shinil with respect to the benefits of owning Shinil Electronics security.