Pungguk Ethanol (Korea) Market Value
| 023900 Stock | 9,870 120.00 1.23% |
| Symbol | Pungguk |
Pungguk Ethanol '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 Pungguk Ethanol'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 Pungguk Ethanol.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Pungguk Ethanol on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pungguk Ethanol Industrial or generate 0.0% return on investment in Pungguk Ethanol over 30 days. Pungguk Ethanol is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Pungguk Ethanol Industrial Co., Ltd. produces and sells fermentation ethyl alcohol in South Korea. More
Pungguk Ethanol 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 Pungguk Ethanol'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 Pungguk Ethanol Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.32 |
Pungguk Ethanol Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pungguk Ethanol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pungguk Ethanol's standard deviation. In reality, there are many statistical measures that can use Pungguk Ethanol historical prices to predict the future Pungguk Ethanol's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 2.64 |
Pungguk Ethanol Indu Backtested Returns
Pungguk Ethanol Indu maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Pungguk Ethanol Indu exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pungguk Ethanol's Risk Adjusted Performance of (0.13), variance of 1.1, and Coefficient Of Variation of (564.69) to confirm the risk estimate we provide. The company holds a Beta of -0.0743, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pungguk Ethanol are expected to decrease at a much lower rate. During the bear market, Pungguk Ethanol is likely to outperform the market. At this point, Pungguk Ethanol Indu has a negative expected return of -0.13%. Please make sure to check Pungguk Ethanol's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Pungguk Ethanol Indu performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Pungguk Ethanol Industrial has virtually no predictability. Overlapping area represents the amount of predictability between Pungguk Ethanol 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 Pungguk Ethanol Indu price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Pungguk Ethanol price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 2578.51 |
Pungguk Ethanol Indu lagged returns against current returns
Autocorrelation, which is Pungguk Ethanol 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 Pungguk Ethanol's stock expected returns. We can calculate the autocorrelation of Pungguk Ethanol returns to help us make a trade decision. For example, suppose you find that Pungguk Ethanol 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 |
Pungguk Ethanol 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 Pungguk Ethanol stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pungguk Ethanol stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pungguk Ethanol stock over time.
Current vs Lagged Prices |
| Timeline |
Pungguk Ethanol Lagged Returns
When evaluating Pungguk Ethanol's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pungguk Ethanol stock have on its future price. Pungguk Ethanol 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, Pungguk Ethanol autocorrelation shows the relationship between Pungguk Ethanol stock current value and its past values and can show if there is a momentum factor associated with investing in Pungguk Ethanol Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Pungguk Ethanol
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 Pungguk Ethanol 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 Pungguk Ethanol will appreciate offsetting losses from the drop in the long position's value.Moving against Pungguk Stock
| 0.68 | 010130 | Korea Zinc | PairCorr |
| 0.45 | 003240 | Taekwang Ind | PairCorr |
| 0.37 | 373220 | LG Energy Solution | PairCorr |
| 0.33 | 003920 | Namyang Dairy | PairCorr |
The ability to find closely correlated positions to Pungguk Ethanol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pungguk Ethanol 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 Pungguk Ethanol - 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 Pungguk Ethanol Industrial to buy it.
The correlation of Pungguk Ethanol 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 Pungguk Ethanol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pungguk Ethanol Indu 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 Pungguk Ethanol 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 Pungguk Stock
Pungguk Ethanol financial ratios help investors to determine whether Pungguk 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 Pungguk with respect to the benefits of owning Pungguk Ethanol security.