Sung Kwang (Korea) Market Value
| 014620 Stock | KRW 30,950 950.00 3.17% |
| Symbol | Sung |
Sung Kwang '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 Sung Kwang'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 Sung Kwang.
| 12/26/2024 |
| 01/25/2025 |
If you would invest 0.00 in Sung Kwang on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sung Kwang Bend or generate 0.0% return on investment in Sung Kwang over 30 days. Sung Kwang is related to or competes with Tae Kwang, SFA Engineering, Taewoong CoLtd, Soulbrain Holdings, and CJ ENM. ,Ltd. manufactures and sells pipe fittings in South Korea, Europe, the Middle East, the United States, Asia, and interna... More
Sung Kwang 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 Sung Kwang'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 Sung Kwang Bend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.2964 | |||
| Maximum Drawdown | 25.29 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 8.22 |
Sung Kwang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sung Kwang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sung Kwang's standard deviation. In reality, there are many statistical measures that can use Sung Kwang historical prices to predict the future Sung Kwang's volatility.| Risk Adjusted Performance | 0.2698 | |||
| Jensen Alpha | 1.23 | |||
| Total Risk Alpha | 1.05 | |||
| Sortino Ratio | 0.5648 | |||
| Treynor Ratio | 1.44 |
Sung Kwang Bend Backtested Returns
Sung Kwang is very steady given 3 months investment horizon. Sung Kwang Bend owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.36, which indicates the firm had a 0.36 % return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.5% are justified by taking the suggested risk. Use Sung Kwang Bend Risk Adjusted Performance of 0.2698, coefficient of variation of 322.77, and Semi Deviation of 1.58 to evaluate company specific risk that cannot be diversified away. Sung Kwang holds a performance score of 28 on a scale of zero to a hundred. The entity has a beta of 0.88, which indicates possible diversification benefits within a given portfolio. Sung Kwang returns are very sensitive to returns on the market. As the market goes up or down, Sung Kwang is expected to follow. Use Sung Kwang Bend coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on Sung Kwang Bend.
Auto-correlation | 0.60 |
Good predictability
Sung Kwang Bend has good predictability. Overlapping area represents the amount of predictability between Sung Kwang time series from 26th of December 2024 to 10th of January 2025 and 10th of January 2025 to 25th of January 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 Sung Kwang Bend price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Sung Kwang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.7 M |
Sung Kwang Bend lagged returns against current returns
Autocorrelation, which is Sung Kwang 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 Sung Kwang's stock expected returns. We can calculate the autocorrelation of Sung Kwang returns to help us make a trade decision. For example, suppose you find that Sung Kwang 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 |
Sung Kwang 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 Sung Kwang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sung Kwang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sung Kwang stock over time.
Current vs Lagged Prices |
| Timeline |
Sung Kwang Lagged Returns
When evaluating Sung Kwang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sung Kwang stock have on its future price. Sung Kwang 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, Sung Kwang autocorrelation shows the relationship between Sung Kwang stock current value and its past values and can show if there is a momentum factor associated with investing in Sung Kwang Bend.
Regressed Prices |
| Timeline |
Pair Trading with Sung Kwang
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 Sung Kwang 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 Sung Kwang will appreciate offsetting losses from the drop in the long position's value.Moving against Sung Stock
| 0.81 | 055550 | Shinhan Financial | PairCorr |
| 0.73 | 032830 | Samsung Life | PairCorr |
| 0.71 | 005935 | Samsung Electronics Earnings Call This Week | PairCorr |
| 0.65 | 086790 | Hana Financial Earnings Call This Week | PairCorr |
| 0.56 | 005930 | Samsung Electronics Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Sung Kwang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sung Kwang 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 Sung Kwang - 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 Sung Kwang Bend to buy it.
The correlation of Sung Kwang 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 Sung Kwang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sung Kwang Bend 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 Sung Kwang 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 Sung Stock
Sung Kwang financial ratios help investors to determine whether Sung 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 Sung with respect to the benefits of owning Sung Kwang security.