Samsung Publishing (Korea) Market Value
| 068290 Stock | 13,900 440.00 3.07% |
| Symbol | Samsung |
Samsung Publishing '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 Samsung Publishing'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 Samsung Publishing.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Samsung Publishing on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Samsung Publishing Co or generate 0.0% return on investment in Samsung Publishing over 30 days. Samsung Publishing is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Samsung Publishing 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 Samsung Publishing'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 Samsung Publishing Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 26.33 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 3.35 |
Samsung Publishing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samsung Publishing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samsung Publishing's standard deviation. In reality, there are many statistical measures that can use Samsung Publishing historical prices to predict the future Samsung Publishing's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.86) |
Samsung Publishing Backtested Returns
Samsung Publishing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0349, which indicates the firm had a -0.0349% return per unit of risk over the last 3 months. Samsung Publishing Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Samsung Publishing's Risk Adjusted Performance of (0.02), variance of 11.23, and Coefficient Of Variation of (2,936) to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samsung Publishing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Samsung Publishing is expected to be smaller as well. At this point, Samsung Publishing has a negative expected return of -0.12%. Please make sure to validate Samsung Publishing's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Samsung Publishing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Samsung Publishing Co has poor predictability. Overlapping area represents the amount of predictability between Samsung Publishing time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Samsung Publishing price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Samsung Publishing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 93.1 K |
Samsung Publishing lagged returns against current returns
Autocorrelation, which is Samsung Publishing 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 Samsung Publishing's stock expected returns. We can calculate the autocorrelation of Samsung Publishing returns to help us make a trade decision. For example, suppose you find that Samsung Publishing 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 |
Samsung Publishing 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 Samsung Publishing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samsung Publishing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samsung Publishing stock over time.
Current vs Lagged Prices |
| Timeline |
Samsung Publishing Lagged Returns
When evaluating Samsung Publishing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samsung Publishing stock have on its future price. Samsung Publishing 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, Samsung Publishing autocorrelation shows the relationship between Samsung Publishing stock current value and its past values and can show if there is a momentum factor associated with investing in Samsung Publishing Co.
Regressed Prices |
| Timeline |
Pair Trading with Samsung Publishing
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 Samsung Publishing 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 Samsung Publishing will appreciate offsetting losses from the drop in the long position's value.Moving against Samsung Stock
The ability to find closely correlated positions to Samsung Publishing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samsung Publishing 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 Samsung Publishing - 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 Samsung Publishing Co to buy it.
The correlation of Samsung Publishing 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 Samsung Publishing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samsung Publishing 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 Samsung Publishing 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 Samsung Stock
Samsung Publishing financial ratios help investors to determine whether Samsung 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 Samsung with respect to the benefits of owning Samsung Publishing security.