Moonbae Steel (Korea) Market Value

008420 Stock   2,490  25.00  1.01%   
Moonbae Steel's market value is the price at which a share of Moonbae Steel trades on a public exchange. It measures the collective expectations of Moonbae Steel investors about its performance. Moonbae Steel is trading at 2490.00 as of the 4th of March 2025, a 1.01 percent up since the beginning of the trading day. The stock's open price was 2465.0.
With this module, you can estimate the performance of a buy and hold strategy of Moonbae Steel and determine expected loss or profit from investing in Moonbae Steel over a given investment horizon. Check out Moonbae Steel Correlation, Moonbae Steel Volatility and Moonbae Steel Alpha and Beta module to complement your research on Moonbae Steel.
Symbol

Please note, there is a significant difference between Moonbae Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Moonbae Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Moonbae Steel'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.

Moonbae Steel '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 Moonbae Steel'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 Moonbae Steel.
0.00
03/09/2024
No Change 0.00  0.0 
In 11 months and 26 days
03/04/2025
0.00
If you would invest  0.00  in Moonbae Steel on March 9, 2024 and sell it all today you would earn a total of 0.00 from holding Moonbae Steel or generate 0.0% return on investment in Moonbae Steel over 360 days. Moonbae Steel is related to or competes with InnoTherapy, Wave Electronics, Sungmoon Electronics, Daejoo Electronic, and Hannong Chemicals. More

Moonbae Steel 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 Moonbae Steel'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 Moonbae Steel upside and downside potential and time the market with a certain degree of confidence.

Moonbae Steel Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Moonbae Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moonbae Steel's standard deviation. In reality, there are many statistical measures that can use Moonbae Steel historical prices to predict the future Moonbae Steel's volatility.
Hype
Prediction
LowEstimatedHigh
2,4872,4902,493
Details
Intrinsic
Valuation
LowRealHigh
2,0082,0112,739
Details
Naive
Forecast
LowNextHigh
2,5922,5952,597
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2,0952,2992,503
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Moonbae Steel. Your research has to be compared to or analyzed against Moonbae Steel's peers to derive any actionable benefits. When done correctly, Moonbae Steel's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Moonbae Steel.

Moonbae Steel Backtested Returns

At this point, Moonbae Steel is very steady. Moonbae Steel has Sharpe Ratio of 0.0235, which conveys that the firm had a 0.0235 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Moonbae Steel, which you can use to evaluate the volatility of the firm. Please verify Moonbae Steel's Risk Adjusted Performance of 0.0131, downside deviation of 2.54, and Mean Deviation of 1.55 to check out if the risk estimate we provide is consistent with the expected return of 0.0591%. Moonbae Steel has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Moonbae Steel are expected to decrease at a much lower rate. During the bear market, Moonbae Steel is likely to outperform the market. Moonbae Steel right now secures a risk of 2.51%. Please verify Moonbae Steel downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Moonbae Steel will be following its current price movements.

Auto-correlation

    
  0.14  

Insignificant predictability

Moonbae Steel has insignificant predictability. Overlapping area represents the amount of predictability between Moonbae Steel time series from 9th of March 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Moonbae Steel price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Moonbae Steel price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test0.2
Residual Average0.0
Price Variance10.5 K

Moonbae Steel lagged returns against current returns

Autocorrelation, which is Moonbae Steel 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 Moonbae Steel's stock expected returns. We can calculate the autocorrelation of Moonbae Steel returns to help us make a trade decision. For example, suppose you find that Moonbae Steel 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  

Moonbae Steel 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 Moonbae Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moonbae Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moonbae Steel stock over time.
   Current vs Lagged Prices   
       Timeline  

Moonbae Steel Lagged Returns

When evaluating Moonbae Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moonbae Steel stock have on its future price. Moonbae Steel 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, Moonbae Steel autocorrelation shows the relationship between Moonbae Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Moonbae Steel.
   Regressed Prices   
       Timeline  

Pair Trading with Moonbae Steel

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 Moonbae Steel 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 Moonbae Steel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Moonbae Stock

  0.73051910 LG ChemicalsPairCorr
  0.84005490 POSCO HoldingsPairCorr
  0.61011170 Lotte Chemical CorpPairCorr

Moving against Moonbae Stock

  0.36000660 SK HynixPairCorr
The ability to find closely correlated positions to Moonbae Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moonbae Steel 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 Moonbae Steel - 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 Moonbae Steel to buy it.
The correlation of Moonbae Steel 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 Moonbae Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moonbae Steel 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 Moonbae Steel 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Moonbae Stock

Moonbae Steel financial ratios help investors to determine whether Moonbae 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 Moonbae with respect to the benefits of owning Moonbae Steel security.