Eugene Special (Korea) Market Value
| 331380 Stock | KRW 1,910 87.00 4.36% |
| Symbol | Eugene |
Eugene Special '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 Eugene Special'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 Eugene Special.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Eugene Special on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Eugene Special Purpose or generate 0.0% return on investment in Eugene Special over 30 days. Eugene Special is related to or competes with Ananti, SS TECH, Vieworks, and Shinsung Delta. Eugene Special Purpose Acquisition 5 Company focuses on merging with other companies in order to complete a business tra... More
Eugene Special 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 Eugene Special'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 Eugene Special Purpose upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 33.63 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 7.0 |
Eugene Special Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eugene Special's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eugene Special's standard deviation. In reality, there are many statistical measures that can use Eugene Special historical prices to predict the future Eugene Special's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.96) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | (0.62) |
Eugene Special Purpose Backtested Returns
Eugene Special Purpose secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the company had a -0.21% return per unit of risk over the last 3 months. Eugene Special Purpose exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eugene Special's Standard Deviation of 4.53, variance of 20.5, and Mean Deviation of 2.89 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.36, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eugene Special will likely underperform. At this point, Eugene Special Purpose has a negative expected return of -0.96%. Please make sure to confirm Eugene Special's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Eugene Special Purpose performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Eugene Special Purpose has good predictability. Overlapping area represents the amount of predictability between Eugene Special time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Eugene Special Purpose price movement. The serial correlation of 0.67 indicates that around 67.0% of current Eugene Special price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 17.5 K |
Eugene Special Purpose lagged returns against current returns
Autocorrelation, which is Eugene Special 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 Eugene Special's stock expected returns. We can calculate the autocorrelation of Eugene Special returns to help us make a trade decision. For example, suppose you find that Eugene Special 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 |
Eugene Special 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 Eugene Special stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eugene Special stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eugene Special stock over time.
Current vs Lagged Prices |
| Timeline |
Eugene Special Lagged Returns
When evaluating Eugene Special's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eugene Special stock have on its future price. Eugene Special 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, Eugene Special autocorrelation shows the relationship between Eugene Special stock current value and its past values and can show if there is a momentum factor associated with investing in Eugene Special Purpose.
Regressed Prices |
| Timeline |
Pair Trading with Eugene Special
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 Eugene Special 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 Eugene Special will appreciate offsetting losses from the drop in the long position's value.Moving together with Eugene Stock
Moving against Eugene Stock
| 0.72 | 078340 | Com2uS | PairCorr |
| 0.68 | 061040 | RFTech | PairCorr |
| 0.59 | 230240 | Hana Financial 7 | PairCorr |
| 0.58 | 153460 | Nable Communications | PairCorr |
| 0.46 | 127710 | Asia Economy Daily | PairCorr |
The ability to find closely correlated positions to Eugene Special could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eugene Special 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 Eugene Special - 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 Eugene Special Purpose to buy it.
The correlation of Eugene Special 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 Eugene Special moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eugene Special Purpose 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 Eugene Special 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 Eugene Stock
Eugene Special financial ratios help investors to determine whether Eugene 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 Eugene with respect to the benefits of owning Eugene Special security.