Pum Tech (Korea) Market Value
| 251970 Stock | KRW 41,650 400.00 0.95% |
| Symbol | Pum |
Pum Tech '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 Pum Tech'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 Pum Tech.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Pum Tech on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Pum Tech Korea Co or generate 0.0% return on investment in Pum Tech over 90 days. Pum Tech is related to or competes with Seung Il, Hankukpackage, Naver, Gyeongnam Steel, Oriental Precision, and Korean Air. ,Ltd. produces and markets cosmetics dispensers and airless packages in South Korea and internationally More
Pum Tech 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 Pum Tech'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 Pum Tech Korea Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.0774 | |||
| Maximum Drawdown | 14.59 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 7.5 |
Pum Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pum Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pum Tech's standard deviation. In reality, there are many statistical measures that can use Pum Tech historical prices to predict the future Pum Tech's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.2852 | |||
| Total Risk Alpha | 0.1447 | |||
| Sortino Ratio | 0.0886 | |||
| Treynor Ratio | 32.82 |
Pum Tech Korea Backtested Returns
Pum Tech appears to be very steady, given 3 months investment horizon. Pum Tech Korea maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pum Tech Korea, which you can use to evaluate the volatility of the company. Please evaluate Pum Tech's Risk Adjusted Performance of 0.0804, coefficient of variation of 1096.64, and Semi Deviation of 2.56 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pum Tech holds a performance score of 8. The company holds a Beta of 0.0087, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pum Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pum Tech is expected to be smaller as well. Please check Pum Tech's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Pum Tech's historical price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Pum Tech Korea Co has weak predictability. Overlapping area represents the amount of predictability between Pum Tech time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Pum Tech Korea price movement. The serial correlation of 0.21 indicates that over 21.0% of current Pum Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 8.9 M |
Pum Tech Korea lagged returns against current returns
Autocorrelation, which is Pum Tech 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 Pum Tech's stock expected returns. We can calculate the autocorrelation of Pum Tech returns to help us make a trade decision. For example, suppose you find that Pum Tech 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 |
Pum Tech 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 Pum Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pum Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pum Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Pum Tech Lagged Returns
When evaluating Pum Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pum Tech stock have on its future price. Pum Tech 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, Pum Tech autocorrelation shows the relationship between Pum Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Pum Tech Korea Co.
Regressed Prices |
| Timeline |
Pair Trading with Pum Tech
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 Pum Tech 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 Pum Tech will appreciate offsetting losses from the drop in the long position's value.Moving against Pum Stock
| 0.62 | 055550 | Shinhan Financial | PairCorr |
| 0.55 | 005935 | Samsung Electronics | PairCorr |
| 0.45 | 005380 | Hyundai Motor | PairCorr |
| 0.42 | 005930 | Samsung Electronics | PairCorr |
| 0.4 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Pum Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pum Tech 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 Pum Tech - 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 Pum Tech Korea Co to buy it.
The correlation of Pum Tech 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 Pum Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pum Tech Korea 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 Pum Tech 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 Pum Stock
Pum Tech financial ratios help investors to determine whether Pum 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 Pum with respect to the benefits of owning Pum Tech security.