Tplex (Korea) Market Value
| 081150 Stock | KRW 3,015 25.00 0.84% |
| Symbol | Tplex |
Tplex '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 Tplex'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 Tplex.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Tplex on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Tplex Co or generate 0.0% return on investment in Tplex over 360 days. Tplex is related to or competes with Korea Computer, Daishin Information, Display Tech, and Shinsegae Information. Tplex Co., Ltd., a stainless steel processing company, engages in the cutting and processing of stainless steel in South... More
Tplex 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 Tplex'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 Tplex Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.0101 | |||
| Maximum Drawdown | 22.97 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 5.87 |
Tplex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tplex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tplex's standard deviation. In reality, there are many statistical measures that can use Tplex historical prices to predict the future Tplex's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.1535 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.014 | |||
| Treynor Ratio | (19.56) |
Tplex Backtested Returns
At this point, Tplex is very steady. Tplex owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0429, which indicates the firm had a 0.0429% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tplex Co, which you can use to evaluate the volatility of the company. Please validate Tplex's Coefficient Of Variation of 2330.01, risk adjusted performance of 0.0408, and Semi Deviation of 2.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Tplex has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0078, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tplex are expected to decrease at a much lower rate. During the bear market, Tplex is likely to outperform the market. Tplex right now has a risk of 3.79%. Please validate Tplex coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Tplex will be following its existing price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Tplex Co has virtually no predictability. Overlapping area represents the amount of predictability between Tplex time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Tplex price movement. The serial correlation of 0.02 indicates that only 2.0% of current Tplex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 20.8 K |
Tplex lagged returns against current returns
Autocorrelation, which is Tplex 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 Tplex's stock expected returns. We can calculate the autocorrelation of Tplex returns to help us make a trade decision. For example, suppose you find that Tplex 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 |
Tplex 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 Tplex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tplex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tplex stock over time.
Current vs Lagged Prices |
| Timeline |
Tplex Lagged Returns
When evaluating Tplex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tplex stock have on its future price. Tplex 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, Tplex autocorrelation shows the relationship between Tplex stock current value and its past values and can show if there is a momentum factor associated with investing in Tplex Co.
Regressed Prices |
| Timeline |
Pair Trading with Tplex
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 Tplex 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 Tplex will appreciate offsetting losses from the drop in the long position's value.Moving against Tplex Stock
The ability to find closely correlated positions to Tplex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tplex 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 Tplex - 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 Tplex Co to buy it.
The correlation of Tplex 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 Tplex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tplex 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 Tplex 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 Tplex Stock
Tplex financial ratios help investors to determine whether Tplex 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 Tplex with respect to the benefits of owning Tplex security.