Samhyun Steel (Korea) Market Value
| 017480 Stock | KRW 4,640 15.00 0.32% |
| Symbol | Samhyun |
Samhyun 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 Samhyun 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 Samhyun Steel.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Samhyun Steel on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Samhyun Steel Co or generate 0.0% return on investment in Samhyun Steel over 720 days. Samhyun Steel is related to or competes with Keum Kang, Tplex, Jeil Steel, and Wonil Special. Samhyun Steel Co., Ltd. is primarily engaged in processing and marketing steel plates and shape steels. More
Samhyun 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 Samhyun 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 Samhyun Steel Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.23 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.29 |
Samhyun Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samhyun Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samhyun Steel's standard deviation. In reality, there are many statistical measures that can use Samhyun Steel historical prices to predict the future Samhyun Steel's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.15) |
Samhyun Steel Backtested Returns
Samhyun Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0227, which indicates the firm had a -0.0227% return per unit of risk over the last 3 months. Samhyun Steel Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Samhyun Steel's Risk Adjusted Performance of (0.01), coefficient of variation of (8,242), and Variance of 0.7838 to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samhyun Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Samhyun Steel is expected to be smaller as well. At this point, Samhyun Steel has a negative expected return of -0.0208%. Please make sure to validate Samhyun Steel's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Samhyun Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Samhyun Steel Co has below average predictability. Overlapping area represents the amount of predictability between Samhyun Steel time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Samhyun Steel price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Samhyun Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 43 K |
Samhyun Steel lagged returns against current returns
Autocorrelation, which is Samhyun 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 Samhyun Steel's stock expected returns. We can calculate the autocorrelation of Samhyun Steel returns to help us make a trade decision. For example, suppose you find that Samhyun 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 |
Samhyun 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 Samhyun Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samhyun Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samhyun Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Samhyun Steel Lagged Returns
When evaluating Samhyun Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samhyun Steel stock have on its future price. Samhyun 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, Samhyun Steel autocorrelation shows the relationship between Samhyun Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Samhyun Steel Co.
Regressed Prices |
| Timeline |
Pair Trading with Samhyun 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 Samhyun 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 Samhyun Steel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Samhyun 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 Samhyun 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 Samhyun 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 Samhyun Steel Co to buy it.
The correlation of Samhyun 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 Samhyun Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samhyun 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 Samhyun 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 Samhyun Stock
Samhyun Steel financial ratios help investors to determine whether Samhyun 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 Samhyun with respect to the benefits of owning Samhyun Steel security.