Sungwoo Electronics (Korea) Market Value
| 081580 Stock | 3,715 35.00 0.93% |
| Symbol | Sungwoo |
Sungwoo Electronics '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 Sungwoo Electronics' 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 Sungwoo Electronics.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sungwoo Electronics on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Sungwoo Electronics Co or generate 0.0% return on investment in Sungwoo Electronics over 180 days. Sungwoo Electronics is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Sungwoo Electronics 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 Sungwoo Electronics' 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 Sungwoo Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.14 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.15 |
Sungwoo Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sungwoo Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sungwoo Electronics' standard deviation. In reality, there are many statistical measures that can use Sungwoo Electronics historical prices to predict the future Sungwoo Electronics' volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | 0.0253 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0019 |
Sungwoo Electronics Backtested Returns
Sungwoo Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0183, which indicates the firm had a -0.0183% return per unit of risk over the last 3 months. Sungwoo Electronics Co exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sungwoo Electronics' Semi Deviation of 2.67, risk adjusted performance of 0.0099, and Coefficient Of Variation of 30380.88 to confirm the risk estimate we provide. The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sungwoo Electronics are expected to decrease at a much lower rate. During the bear market, Sungwoo Electronics is likely to outperform the market. At this point, Sungwoo Electronics has a negative expected return of -0.0537%. Please make sure to validate Sungwoo Electronics' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Sungwoo Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Sungwoo Electronics Co has below average predictability. Overlapping area represents the amount of predictability between Sungwoo Electronics time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 Sungwoo Electronics price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Sungwoo Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 175.1 K |
Sungwoo Electronics lagged returns against current returns
Autocorrelation, which is Sungwoo Electronics 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 Sungwoo Electronics' stock expected returns. We can calculate the autocorrelation of Sungwoo Electronics returns to help us make a trade decision. For example, suppose you find that Sungwoo Electronics 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 |
Sungwoo Electronics 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 Sungwoo Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sungwoo Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sungwoo Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Sungwoo Electronics Lagged Returns
When evaluating Sungwoo Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sungwoo Electronics stock have on its future price. Sungwoo Electronics 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, Sungwoo Electronics autocorrelation shows the relationship between Sungwoo Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Sungwoo Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Sungwoo Electronics
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 Sungwoo Electronics 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 Sungwoo Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sungwoo Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sungwoo Electronics 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 Sungwoo Electronics - 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 Sungwoo Electronics Co to buy it.
The correlation of Sungwoo Electronics 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 Sungwoo Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sungwoo Electronics 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 Sungwoo Electronics 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 Sungwoo Stock
Sungwoo Electronics financial ratios help investors to determine whether Sungwoo 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 Sungwoo with respect to the benefits of owning Sungwoo Electronics security.