Nuintek CoLtd (Korea) Market Value
| 012340 Stock | KRW 485.00 5.00 1.04% |
| Symbol | Nuintek |
Nuintek CoLtd '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 Nuintek CoLtd'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 Nuintek CoLtd.
| 02/05/2024 |
| 12/31/2024 |
If you would invest 0.00 in Nuintek CoLtd on February 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nuintek CoLtd or generate 0.0% return on investment in Nuintek CoLtd over 330 days. Nuintek CoLtd is related to or competes with SEOWONINTECHCoLtd, KTB Investment, Eagle Veterinary, Golden Bridge, Pureun Mutual, Ewon Comfortech, and A Tech. ,Ltd. manufactures and sells film capacitors and metallized capacitor films worldwide More
Nuintek CoLtd 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 Nuintek CoLtd'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 Nuintek CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.8 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.08 |
Nuintek CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuintek CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuintek CoLtd's standard deviation. In reality, there are many statistical measures that can use Nuintek CoLtd historical prices to predict the future Nuintek CoLtd's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.29) |
Nuintek CoLtd Backtested Returns
Nuintek CoLtd has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Nuintek CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuintek CoLtd's Standard Deviation of 1.67, risk adjusted performance of (0.1), and Mean Deviation of 1.09 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuintek CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuintek CoLtd is expected to be smaller as well. At this point, Nuintek CoLtd has a negative expected return of -0.22%. Please make sure to verify Nuintek CoLtd's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Nuintek CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Nuintek CoLtd has very good predictability. Overlapping area represents the amount of predictability between Nuintek CoLtd time series from 5th of February 2024 to 19th of July 2024 and 19th of July 2024 to 31st 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 Nuintek CoLtd price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Nuintek CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 3331.55 |
Nuintek CoLtd lagged returns against current returns
Autocorrelation, which is Nuintek CoLtd 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 Nuintek CoLtd's stock expected returns. We can calculate the autocorrelation of Nuintek CoLtd returns to help us make a trade decision. For example, suppose you find that Nuintek CoLtd 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 |
Nuintek CoLtd 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 Nuintek CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuintek CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuintek CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Nuintek CoLtd Lagged Returns
When evaluating Nuintek CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuintek CoLtd stock have on its future price. Nuintek CoLtd 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, Nuintek CoLtd autocorrelation shows the relationship between Nuintek CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Nuintek CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Nuintek CoLtd
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 Nuintek CoLtd 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 Nuintek CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuintek Stock
Moving against Nuintek Stock
The ability to find closely correlated positions to Nuintek CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nuintek CoLtd 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 Nuintek CoLtd - 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 Nuintek CoLtd to buy it.
The correlation of Nuintek CoLtd 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 Nuintek CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuintek CoLtd 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 Nuintek CoLtd 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 Nuintek Stock
Nuintek CoLtd financial ratios help investors to determine whether Nuintek 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 Nuintek with respect to the benefits of owning Nuintek CoLtd security.