SK Telecom (Korea) Market Value
| 017670 Stock | 61,400 100.00 0.16% |
| Symbol | 017670 |
SK Telecom '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 SK Telecom'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 SK Telecom.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in SK Telecom on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding SK Telecom Co or generate 0.0% return on investment in SK Telecom over 60 days. SK Telecom is related to or competes with Green Cross, LG Electronics, Samji Electronics, Anam Electronics, Shinsegae Information, Shinil Electronics, and Okins Electronics. More
SK Telecom 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 SK Telecom'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 SK Telecom Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0394 | |||
| Maximum Drawdown | 5.71 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 2.16 |
SK Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SK Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SK Telecom's standard deviation. In reality, there are many statistical measures that can use SK Telecom historical prices to predict the future SK Telecom's volatility.| Risk Adjusted Performance | 0.1152 | |||
| Jensen Alpha | 0.1584 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0429 | |||
| Treynor Ratio | 1.12 |
SK Telecom Backtested Returns
At this point, SK Telecom is very steady. SK Telecom retains Efficiency (Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for SK Telecom, which you can use to evaluate the volatility of the company. Please validate SK Telecom's Mean Deviation of 0.9711, risk adjusted performance of 0.1152, and Downside Deviation of 1.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. SK Telecom has a performance score of 10 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SK Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding SK Telecom is expected to be smaller as well. SK Telecom today owns a risk of 1.32%. Please validate SK Telecom Co market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if SK Telecom Co will be following its current price history.
Auto-correlation | 0.20 |
Weak predictability
SK Telecom Co has weak predictability. Overlapping area represents the amount of predictability between SK Telecom time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 SK Telecom price movement. The serial correlation of 0.2 indicates that over 20.0% of current SK Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 3.8 M |
SK Telecom lagged returns against current returns
Autocorrelation, which is SK Telecom 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 SK Telecom's stock expected returns. We can calculate the autocorrelation of SK Telecom returns to help us make a trade decision. For example, suppose you find that SK Telecom 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 |
SK Telecom 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 SK Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SK Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SK Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
SK Telecom Lagged Returns
When evaluating SK Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SK Telecom stock have on its future price. SK Telecom 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, SK Telecom autocorrelation shows the relationship between SK Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in SK Telecom Co.
Regressed Prices |
| Timeline |
Pair Trading with SK Telecom
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 SK Telecom 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 SK Telecom will appreciate offsetting losses from the drop in the long position's value.Moving against 017670 Stock
The ability to find closely correlated positions to SK Telecom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SK Telecom 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 SK Telecom - 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 SK Telecom Co to buy it.
The correlation of SK Telecom 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 SK Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK Telecom 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 SK Telecom 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.Additional Information and Resources on Investing in 017670 Stock
When determining whether SK Telecom is a strong investment it is important to analyze SK Telecom's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SK Telecom's future performance. For an informed investment choice regarding 017670 Stock, refer to the following important reports:Check out SK Telecom Correlation, SK Telecom Volatility and SK Telecom Alpha and Beta module to complement your research on SK Telecom. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
SK Telecom technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.