Sangshin Electronics (Korea) Market Value
| 263810 Stock | 2,930 10.00 0.34% |
| Symbol | Sangshin |
Sangshin 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 Sangshin 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 Sangshin Electronics.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in Sangshin Electronics on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding Sangshin Electronics Co or generate 0.0% return on investment in Sangshin Electronics over 720 days. Sangshin Electronics is related to or competes with Daejoo Electronic, Parksystems Corp, BH, Partron, UTI, Robotis CoLtd, and IM CoLtd. More
Sangshin 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 Sangshin 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 Sangshin Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.88 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 2.7 |
Sangshin Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sangshin Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sangshin Electronics' standard deviation. In reality, there are many statistical measures that can use Sangshin Electronics historical prices to predict the future Sangshin Electronics' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 6.56 |
Sangshin Electronics Backtested Returns
Sangshin Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.086, which indicates the firm had a -0.086% return per unit of risk over the last 3 months. Sangshin Electronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sangshin Electronics' Variance of 2.96, coefficient of variation of (754.06), and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The entity has a beta of -0.0363, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sangshin Electronics are expected to decrease at a much lower rate. During the bear market, Sangshin Electronics is likely to outperform the market. At this point, Sangshin Electronics has a negative expected return of -0.14%. Please make sure to validate Sangshin Electronics' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Sangshin Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Sangshin Electronics Co has weak reverse predictability. Overlapping area represents the amount of predictability between Sangshin Electronics time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 to 30th of November 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 Sangshin Electronics price movement. The serial correlation of -0.23 indicates that over 23.0% of current Sangshin Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 312.8 K |
Sangshin Electronics lagged returns against current returns
Autocorrelation, which is Sangshin 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 Sangshin Electronics' stock expected returns. We can calculate the autocorrelation of Sangshin Electronics returns to help us make a trade decision. For example, suppose you find that Sangshin 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 |
Sangshin 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 Sangshin Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sangshin Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sangshin Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Sangshin Electronics Lagged Returns
When evaluating Sangshin Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sangshin Electronics stock have on its future price. Sangshin 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, Sangshin Electronics autocorrelation shows the relationship between Sangshin Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Sangshin Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Sangshin 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 Sangshin 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 Sangshin Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Sangshin Stock
The ability to find closely correlated positions to Sangshin 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 Sangshin 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 Sangshin 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 Sangshin Electronics Co to buy it.
The correlation of Sangshin 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 Sangshin Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sangshin 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 Sangshin 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 Sangshin Stock
Sangshin Electronics financial ratios help investors to determine whether Sangshin 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 Sangshin with respect to the benefits of owning Sangshin Electronics security.