Solution Advanced (Korea) Market Value
| 351320 Stock | 1,542 23.00 1.47% |
| Symbol | Solution |
Please note, there is a significant difference between Solution Advanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solution Advanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solution Advanced'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.
Solution Advanced '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 Solution Advanced'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 Solution Advanced.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Solution Advanced on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Solution Advanced Technology or generate 0.0% return on investment in Solution Advanced over 30 days. Solution Advanced is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
Solution Advanced 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 Solution Advanced'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 Solution Advanced Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.28 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 5.08 |
Solution Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solution Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solution Advanced's standard deviation. In reality, there are many statistical measures that can use Solution Advanced historical prices to predict the future Solution Advanced's volatility.| Risk Adjusted Performance | 0.0213 | |||
| Jensen Alpha | 0.0293 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.4161 |
Solution Advanced Backtested Returns
At this point, Solution Advanced is very steady. Solution Advanced owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0417, which indicates the firm had a 0.0417% return per unit of risk over the last 3 months. We have found thirty technical indicators for Solution Advanced Technology, which you can use to evaluate the volatility of the company. Please validate Solution Advanced's Risk Adjusted Performance of 0.0213, semi deviation of 2.38, and Coefficient Of Variation of 5459.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Solution Advanced has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Solution Advanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Solution Advanced is expected to be smaller as well. Solution Advanced right now has a risk of 2.97%. Please validate Solution Advanced semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Solution Advanced will be following its existing price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
Solution Advanced Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Solution Advanced time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 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 Solution Advanced price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Solution Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 2009.36 |
Solution Advanced lagged returns against current returns
Autocorrelation, which is Solution Advanced 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 Solution Advanced's stock expected returns. We can calculate the autocorrelation of Solution Advanced returns to help us make a trade decision. For example, suppose you find that Solution Advanced 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 |
Solution Advanced 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 Solution Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solution Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solution Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Solution Advanced Lagged Returns
When evaluating Solution Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solution Advanced stock have on its future price. Solution Advanced 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, Solution Advanced autocorrelation shows the relationship between Solution Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Solution Advanced Technology.
Regressed Prices |
| Timeline |
Pair Trading with Solution Advanced
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 Solution Advanced 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 Solution Advanced will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Solution Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solution Advanced 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 Solution Advanced - 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 Solution Advanced Technology to buy it.
The correlation of Solution Advanced 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 Solution Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solution Advanced 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 Solution Advanced 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 Solution Stock
Solution Advanced financial ratios help investors to determine whether Solution 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 Solution with respect to the benefits of owning Solution Advanced security.