FNSTech (Korea) Market Value
| 083500 Stock | 8,680 60.00 0.70% |
| Symbol | FNSTech |
Please note, there is a significant difference between FNSTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if FNSTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FNSTech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
FNSTech '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 FNSTech'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 FNSTech.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in FNSTech on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding FNSTech Co or generate 0.0% return on investment in FNSTech over 330 days. FNSTech is related to or competes with SS TECH, Orbitech, Hana Materials, Eagle Veterinary, PH Tech, and LAKE MATERIALS. More
FNSTech 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 FNSTech'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 FNSTech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 4.41 |
FNSTech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FNSTech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FNSTech's standard deviation. In reality, there are many statistical measures that can use FNSTech historical prices to predict the future FNSTech's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | 0.3112 |
FNSTech Backtested Returns
FNSTech secures Sharpe Ratio (or Efficiency) of -0.0797, which denotes the company had a -0.0797% return per unit of volatility over the last 3 months. FNSTech Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FNSTech's Mean Deviation of 2.27, market risk adjusted performance of 0.3212, and Standard Deviation of 3.08 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.98, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning FNSTech are expected to decrease slowly. On the other hand, during market turmoil, FNSTech is expected to outperform it slightly. At this point, FNSTech has a negative expected return of -0.25%. Please make sure to confirm FNSTech's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if FNSTech performance from the past will be repeated at future time.
Auto-correlation | -0.4 |
Poor reverse predictability
FNSTech Co has poor reverse predictability. Overlapping area represents the amount of predictability between FNSTech time series from 7th of January 2024 to 20th of June 2024 and 20th of June 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 FNSTech price movement. The serial correlation of -0.4 indicates that just about 40.0% of current FNSTech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 4.8 M |
FNSTech lagged returns against current returns
Autocorrelation, which is FNSTech 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 FNSTech's stock expected returns. We can calculate the autocorrelation of FNSTech returns to help us make a trade decision. For example, suppose you find that FNSTech 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 |
FNSTech 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 FNSTech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FNSTech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FNSTech stock over time.
Current vs Lagged Prices |
| Timeline |
FNSTech Lagged Returns
When evaluating FNSTech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FNSTech stock have on its future price. FNSTech 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, FNSTech autocorrelation shows the relationship between FNSTech stock current value and its past values and can show if there is a momentum factor associated with investing in FNSTech Co.
Regressed Prices |
| Timeline |
Pair Trading with FNSTech
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 FNSTech 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 FNSTech will appreciate offsetting losses from the drop in the long position's value.Moving together with FNSTech Stock
The ability to find closely correlated positions to FNSTech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FNSTech 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 FNSTech - 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 FNSTech Co to buy it.
The correlation of FNSTech 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 FNSTech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FNSTech 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 FNSTech 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 FNSTech Stock
FNSTech financial ratios help investors to determine whether FNSTech 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 FNSTech with respect to the benefits of owning FNSTech security.