Tuksu Engineering (Korea) Market Value
| 026150 Stock | KRW 6,110 280.00 4.38% |
| Symbol | Tuksu |
Tuksu 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 Tuksu 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 Tuksu Engineering.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Tuksu Engineering on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Tuksu Engineering ConstructionLtd or generate 0.0% return on investment in Tuksu Engineering over 90 days. Tuksu Engineering is related to or competes with Jin Air, Jeil Steel, Lotte Non, DB Insurance, Gyeongnam Steel, and Histeel. Tuksu Engineering Construction,Ltd. operates as an engineering and construction company in South Korea and international... More
Tuksu 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 Tuksu 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 Tuksu Engineering ConstructionLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 24.1 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 3.47 |
Tuksu Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tuksu Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tuksu Engineering's standard deviation. In reality, there are many statistical measures that can use Tuksu Engineering historical prices to predict the future Tuksu Engineering's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.30) |
Tuksu Engineering Backtested Returns
At this point, Tuksu Engineering is very steady. Tuksu Engineering owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0158, which indicates the firm had a 0.0158% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Tuksu Engineering ConstructionLtd, which you can use to evaluate the volatility of the company. Please validate Tuksu Engineering's Risk Adjusted Performance of (0.02), coefficient of variation of (2,376), and Variance of 11.99 to confirm if the risk estimate we provide is consistent with the expected return of 0.0567%. Tuksu Engineering has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tuksu Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tuksu Engineering is expected to be smaller as well. Tuksu Engineering right now has a risk of 3.58%. Please validate Tuksu Engineering mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Tuksu Engineering will be following its existing price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Tuksu Engineering ConstructionLtd has poor reverse predictability. Overlapping area represents the amount of predictability between Tuksu Engineering time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Tuksu Engineering price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Tuksu Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 91.4 K |
Tuksu Engineering lagged returns against current returns
Autocorrelation, which is Tuksu 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 Tuksu Engineering's stock expected returns. We can calculate the autocorrelation of Tuksu Engineering returns to help us make a trade decision. For example, suppose you find that Tuksu 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 |
Tuksu 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 Tuksu Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tuksu Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tuksu Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Tuksu Engineering Lagged Returns
When evaluating Tuksu Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tuksu Engineering stock have on its future price. Tuksu 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, Tuksu Engineering autocorrelation shows the relationship between Tuksu Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Tuksu Engineering ConstructionLtd.
Regressed Prices |
| Timeline |
Pair Trading with Tuksu 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 Tuksu 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 Tuksu Engineering will appreciate offsetting losses from the drop in the long position's value.Moving against Tuksu Stock
The ability to find closely correlated positions to Tuksu 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 Tuksu 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 Tuksu 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 Tuksu Engineering ConstructionLtd to buy it.
The correlation of Tuksu 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 Tuksu Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tuksu 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 Tuksu 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 Tuksu Stock
Tuksu Engineering financial ratios help investors to determine whether Tuksu 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 Tuksu with respect to the benefits of owning Tuksu Engineering security.