SAMYOUNG M (Korea) Market Value
| 054540 Stock | KRW 4,080 215.00 5.56% |
| Symbol | SAMYOUNG |
SAMYOUNG M '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 SAMYOUNG M'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 SAMYOUNG M.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in SAMYOUNG M on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding SAMYOUNG M Tek Co or generate 0.0% return on investment in SAMYOUNG M over 90 days. SAMYOUNG M is related to or competes with Neungyule Education, LG Household, Tway Air, Cloud Air, and Daeduck Electronics. Samyoung M-Tek Co., Ltd. manufactures and sells industrial materials in South Korea More
SAMYOUNG M 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 SAMYOUNG M'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 SAMYOUNG M Tek Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 5.56 |
SAMYOUNG M Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SAMYOUNG M's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SAMYOUNG M's standard deviation. In reality, there are many statistical measures that can use SAMYOUNG M historical prices to predict the future SAMYOUNG M's volatility.| Risk Adjusted Performance | 0.0085 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
SAMYOUNG M Tek Backtested Returns
At this point, SAMYOUNG M is very steady. SAMYOUNG M Tek owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0019, which indicates the company had a 0.0019% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for SAMYOUNG M Tek Co, which you can use to evaluate the volatility of the entity. Please validate SAMYOUNG M's Downside Deviation of 2.35, market risk adjusted performance of 0.0063, and Risk Adjusted Performance of 0.0085 to confirm if the risk estimate we provide is consistent with the expected return of 0.0047%. The firm has a beta of 1.41, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SAMYOUNG M will likely underperform. SAMYOUNG M Tek currently has a risk of 2.54%. Please validate SAMYOUNG M semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if SAMYOUNG M will be following its existing price patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
SAMYOUNG M Tek Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between SAMYOUNG M time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 SAMYOUNG M Tek price movement. The serial correlation of -0.2 indicates that over 20.0% of current SAMYOUNG M price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 33.2 K |
SAMYOUNG M Tek lagged returns against current returns
Autocorrelation, which is SAMYOUNG M 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 SAMYOUNG M's stock expected returns. We can calculate the autocorrelation of SAMYOUNG M returns to help us make a trade decision. For example, suppose you find that SAMYOUNG M 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 |
SAMYOUNG M 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 SAMYOUNG M stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SAMYOUNG M stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SAMYOUNG M stock over time.
Current vs Lagged Prices |
| Timeline |
SAMYOUNG M Lagged Returns
When evaluating SAMYOUNG M's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SAMYOUNG M stock have on its future price. SAMYOUNG M 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, SAMYOUNG M autocorrelation shows the relationship between SAMYOUNG M stock current value and its past values and can show if there is a momentum factor associated with investing in SAMYOUNG M Tek Co.
Regressed Prices |
| Timeline |
Pair Trading with SAMYOUNG M
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 SAMYOUNG M 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 SAMYOUNG M will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SAMYOUNG M could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAMYOUNG M 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 SAMYOUNG M - 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 SAMYOUNG M Tek Co to buy it.
The correlation of SAMYOUNG M 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 SAMYOUNG M moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SAMYOUNG M Tek 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 SAMYOUNG M 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 SAMYOUNG Stock
SAMYOUNG M financial ratios help investors to determine whether SAMYOUNG 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 SAMYOUNG with respect to the benefits of owning SAMYOUNG M security.