Camus Engineering (Korea) Market Value
| 013700 Stock | 1,278 9.00 0.70% |
| Symbol | Camus |
Camus Engineering '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 Camus Engineering'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 Camus Engineering.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Camus Engineering on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Camus Engineering Construction or generate 0.0% return on investment in Camus Engineering over 720 days. Camus Engineering is related to or competes with Moonbae Steel, INFINITT Healthcare, SCI Information, Samhyun Steel, Moadata, and Hanil Iron. More
Camus Engineering 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 Camus Engineering'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 Camus Engineering Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.54 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.03 |
Camus Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Camus Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Camus Engineering's standard deviation. In reality, there are many statistical measures that can use Camus Engineering historical prices to predict the future Camus Engineering's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 1.53 |
Camus Engineering Backtested Returns
Camus Engineering secures Sharpe Ratio (or Efficiency) of -0.0699, which signifies that the company had a -0.0699% return per unit of risk over the last 3 months. Camus Engineering Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Camus Engineering's Mean Deviation of 0.9581, standard deviation of 1.42, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0723, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Camus Engineering are expected to decrease at a much lower rate. During the bear market, Camus Engineering is likely to outperform the market. At this point, Camus Engineering has a negative expected return of -0.1%. Please make sure to confirm Camus Engineering's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Camus Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Camus Engineering Construction has good predictability. Overlapping area represents the amount of predictability between Camus Engineering time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Camus Engineering price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Camus Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 12.8 K |
Camus Engineering lagged returns against current returns
Autocorrelation, which is Camus Engineering 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 Camus Engineering's stock expected returns. We can calculate the autocorrelation of Camus Engineering returns to help us make a trade decision. For example, suppose you find that Camus Engineering 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 |
Camus Engineering 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 Camus Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Camus Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Camus Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Camus Engineering Lagged Returns
When evaluating Camus Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Camus Engineering stock have on its future price. Camus Engineering 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, Camus Engineering autocorrelation shows the relationship between Camus Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Camus Engineering Construction.
Regressed Prices |
| Timeline |
Pair Trading with Camus Engineering
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 Camus Engineering 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 Camus Engineering will appreciate offsetting losses from the drop in the long position's value.Moving together with Camus Stock
Moving against Camus Stock
The ability to find closely correlated positions to Camus Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Camus Engineering 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 Camus Engineering - 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 Camus Engineering Construction to buy it.
The correlation of Camus Engineering 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 Camus Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Camus Engineering 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 Camus Engineering 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 Camus Stock
Camus Engineering financial ratios help investors to determine whether Camus 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 Camus with respect to the benefits of owning Camus Engineering security.