Moonbae Steel (Korea) Market Value
| 008420 Stock | 2,605 5.00 0.19% |
| Symbol | Moonbae |
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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Moonbae Steel on December 17, 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 90 days. Moonbae Steel is related to or competes with Daejung Chemicals, PlayD Co, Daedong Metals, Youngsin Metal, Daou Technology, and Bosung Power. 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.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 20.84 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 3.53 |
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.| Risk Adjusted Performance | 0.0546 | |||
| Jensen Alpha | 0.2091 | |||
| Total Risk Alpha | 0.5457 | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | 0.3416 |
Moonbae Steel Backtested Returns
Moonbae Steel appears to be very steady, given 3 months investment horizon. Moonbae Steel has Sharpe Ratio of 0.0943, which conveys that the firm had a 0.0943 % 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 exercise Moonbae Steel's Risk Adjusted Performance of 0.0546, downside deviation of 2.59, and Mean Deviation of 1.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Moonbae Steel holds a performance score of 7. The company secures a Beta (Market Risk) of 0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Moonbae Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Moonbae Steel is expected to be smaller as well. Please check Moonbae Steel's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Moonbae Steel's current price movements will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Moonbae Steel has weak reverse predictability. Overlapping area represents the amount of predictability between Moonbae Steel 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 Moonbae Steel price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Moonbae Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 39.5 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
| 0.79 | 005490 | POSCO Holdings | PairCorr |
| 0.74 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.79 | 004020 | Hyundai Steel | PairCorr |
Moving against Moonbae Stock
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.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.