Sangsin Energy (Korea) Market Value
| 091580 Stock | KRW 7,470 410.00 5.81% |
| Symbol | Sangsin |
Sangsin Energy '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 Sangsin Energy'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 Sangsin Energy.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Sangsin Energy on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Sangsin Energy Display or generate 0.0% return on investment in Sangsin Energy over 360 days. Sangsin Energy is related to or competes with Korea New, Busan Industrial, Sam Chun, Humax, Finebesteel, Shinhan Inverse, and Fine Besteel. ,Ltd. produces and sells secondary battery parts for use in electrical vehicles in South Korea and internationally More
Sangsin Energy 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 Sangsin Energy'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 Sangsin Energy Display upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 13.97 | |||
| Value At Risk | (4.90) | |||
| Potential Upside | 3.92 |
Sangsin Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sangsin Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sangsin Energy's standard deviation. In reality, there are many statistical measures that can use Sangsin Energy historical prices to predict the future Sangsin Energy's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | 0.8218 |
Sangsin Energy Display Backtested Returns
Sangsin Energy Display owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Sangsin Energy Display exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sangsin Energy's Coefficient Of Variation of (448.59), risk adjusted performance of (0.15), and Variance of 8.73 to confirm the risk estimate we provide. The entity has a beta of -0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sangsin Energy are expected to decrease at a much lower rate. During the bear market, Sangsin Energy is likely to outperform the market. At this point, Sangsin Energy Display has a negative expected return of -0.58%. Please make sure to validate Sangsin Energy's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Sangsin Energy Display performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Sangsin Energy Display has very weak reverse predictability. Overlapping area represents the amount of predictability between Sangsin Energy time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Sangsin Energy Display price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Sangsin Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 5.5 M |
Sangsin Energy Display lagged returns against current returns
Autocorrelation, which is Sangsin Energy 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 Sangsin Energy's stock expected returns. We can calculate the autocorrelation of Sangsin Energy returns to help us make a trade decision. For example, suppose you find that Sangsin Energy 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 |
Sangsin Energy 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 Sangsin Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sangsin Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sangsin Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Sangsin Energy Lagged Returns
When evaluating Sangsin Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sangsin Energy stock have on its future price. Sangsin Energy 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, Sangsin Energy autocorrelation shows the relationship between Sangsin Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Sangsin Energy Display.
Regressed Prices |
| Timeline |
Pair Trading with Sangsin Energy
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 Sangsin Energy 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 Sangsin Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Sangsin Stock
Moving against Sangsin Stock
The ability to find closely correlated positions to Sangsin Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sangsin Energy 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 Sangsin Energy - 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 Sangsin Energy Display to buy it.
The correlation of Sangsin Energy 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 Sangsin Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sangsin Energy Display 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 Sangsin Energy 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 Sangsin Stock
Sangsin Energy financial ratios help investors to determine whether Sangsin 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 Sangsin with respect to the benefits of owning Sangsin Energy security.