Posco ICT (Korea) Market Value
| 022100 Stock | KRW 27,600 1,700 5.80% |
| Symbol | Posco |
Posco ICT '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 Posco ICT'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 Posco ICT.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Posco ICT on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Posco ICT or generate 0.0% return on investment in Posco ICT over 90 days. Posco ICT is related to or competes with SFA Engineering, CJ ENM, Paradise, and Seoul Semiconductor. Posco ICT Company Ltd. provides ICT solutions in South Korea and internationally More
Posco ICT 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 Posco ICT'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 Posco ICT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.87 | |||
| Information Ratio | 0.1231 | |||
| Maximum Drawdown | 35.56 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 7.83 |
Posco ICT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Posco ICT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Posco ICT's standard deviation. In reality, there are many statistical measures that can use Posco ICT historical prices to predict the future Posco ICT's volatility.| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 0.4649 | |||
| Total Risk Alpha | 1.16 | |||
| Sortino Ratio | 0.1625 | |||
| Treynor Ratio | (1.04) |
Posco ICT Backtested Returns
Posco ICT appears to be very steady, given 3 months investment horizon. Posco ICT maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12 % return per unit of risk over the last 3 months. By analyzing Posco ICT's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please evaluate Posco ICT's Semi Deviation of 3.73, coefficient of variation of 964.29, and Risk Adjusted Performance of 0.0986 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Posco ICT holds a performance score of 9. The company holds a Beta of -0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Posco ICT are expected to decrease at a much lower rate. During the bear market, Posco ICT is likely to outperform the market. Please check Posco ICT's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Posco ICT's historical price patterns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Posco ICT has weak reverse predictability. Overlapping area represents the amount of predictability between Posco ICT 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 Posco ICT price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Posco ICT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 9.2 M |
Posco ICT lagged returns against current returns
Autocorrelation, which is Posco ICT 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 Posco ICT's stock expected returns. We can calculate the autocorrelation of Posco ICT returns to help us make a trade decision. For example, suppose you find that Posco ICT 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 |
Posco ICT 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 Posco ICT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Posco ICT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Posco ICT stock over time.
Current vs Lagged Prices |
| Timeline |
Posco ICT Lagged Returns
When evaluating Posco ICT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Posco ICT stock have on its future price. Posco ICT 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, Posco ICT autocorrelation shows the relationship between Posco ICT stock current value and its past values and can show if there is a momentum factor associated with investing in Posco ICT.
Regressed Prices |
| Timeline |
Pair Trading with Posco ICT
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 Posco ICT 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 Posco ICT will appreciate offsetting losses from the drop in the long position's value.Moving together with Posco Stock
Moving against Posco Stock
| 0.58 | 055550 | Shinhan Financial | PairCorr |
| 0.57 | 105560 | KB Financial Group | PairCorr |
| 0.37 | 032830 | Samsung Life | PairCorr |
The ability to find closely correlated positions to Posco ICT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Posco ICT 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 Posco ICT - 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 Posco ICT to buy it.
The correlation of Posco ICT 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 Posco ICT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Posco ICT 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 Posco ICT 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 Posco Stock
Posco ICT financial ratios help investors to determine whether Posco 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 Posco with respect to the benefits of owning Posco ICT security.