Taeyang Metal (Korea) Market Value
| 004105 Stock | 4,380 60.00 1.39% |
| Symbol | Taeyang |
Taeyang Metal '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 Taeyang Metal'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 Taeyang Metal.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Taeyang Metal on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Taeyang Metal Industrial or generate 0.0% return on investment in Taeyang Metal over 90 days. Taeyang Metal is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Taeyang Metal 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 Taeyang Metal'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 Taeyang Metal Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.63 | |||
| Information Ratio | 0.0646 | |||
| Maximum Drawdown | 53.45 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 5.39 |
Taeyang Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taeyang Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taeyang Metal's standard deviation. In reality, there are many statistical measures that can use Taeyang Metal historical prices to predict the future Taeyang Metal's volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | 0.2792 | |||
| Total Risk Alpha | 1.09 | |||
| Sortino Ratio | 0.0725 | |||
| Treynor Ratio | (1.64) |
Taeyang Metal Industrial Backtested Returns
Taeyang Metal appears to be very steady, given 3 months investment horizon. Taeyang Metal Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0776, which indicates the firm had a 0.0776 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Taeyang Metal Industrial, which you can use to evaluate the volatility of the company. Please review Taeyang Metal's Semi Deviation of 5.26, risk adjusted performance of 0.0512, and Coefficient Of Variation of 2043.91 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taeyang Metal holds a performance score of 6. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taeyang Metal are expected to decrease at a much lower rate. During the bear market, Taeyang Metal is likely to outperform the market. Please check Taeyang Metal's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Taeyang Metal's existing price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Taeyang Metal Industrial has modest predictability. Overlapping area represents the amount of predictability between Taeyang Metal time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Taeyang Metal Industrial price movement. The serial correlation of 0.5 indicates that about 50.0% of current Taeyang Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 69 K |
Taeyang Metal Industrial lagged returns against current returns
Autocorrelation, which is Taeyang Metal 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 Taeyang Metal's stock expected returns. We can calculate the autocorrelation of Taeyang Metal returns to help us make a trade decision. For example, suppose you find that Taeyang Metal 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 |
Taeyang Metal 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 Taeyang Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taeyang Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taeyang Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Taeyang Metal Lagged Returns
When evaluating Taeyang Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taeyang Metal stock have on its future price. Taeyang Metal 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, Taeyang Metal autocorrelation shows the relationship between Taeyang Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Taeyang Metal Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Taeyang Metal
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 Taeyang Metal 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 Taeyang Metal will appreciate offsetting losses from the drop in the long position's value.Moving against Taeyang Stock
The ability to find closely correlated positions to Taeyang Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taeyang Metal 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 Taeyang Metal - 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 Taeyang Metal Industrial to buy it.
The correlation of Taeyang Metal 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 Taeyang Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taeyang Metal Industrial 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 Taeyang Metal 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 Taeyang Stock
Taeyang Metal financial ratios help investors to determine whether Taeyang 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 Taeyang with respect to the benefits of owning Taeyang Metal security.