Samsung CT (Korea) Market Value
| 028260 Stock | 119,000 5,600 4.49% |
| Symbol | Samsung |
Samsung CT '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 Samsung CT'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 Samsung CT.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Samsung CT on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Samsung CT Corp or generate 0.0% return on investment in Samsung CT over 360 days. Samsung CT is related to or competes with Ni Steel, Seoyon Topmetal, Formetal, Bookook Steel, Samlip General, Heungkuk Metaltech, and Husteel. More
Samsung CT 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 Samsung CT'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 Samsung CT Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.96 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 2.3 |
Samsung CT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samsung CT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samsung CT's standard deviation. In reality, there are many statistical measures that can use Samsung CT historical prices to predict the future Samsung CT's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (1.91) |
Samsung CT Corp Backtested Returns
Samsung CT Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Samsung CT Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Samsung CT's Variance of 5.33, coefficient of variation of (796.71), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samsung CT's returns are expected to increase less than the market. However, during the bear market, the loss of holding Samsung CT is expected to be smaller as well. At this point, Samsung CT Corp has a negative expected return of -0.31%. Please make sure to validate Samsung CT's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Samsung CT Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Samsung CT Corp has virtually no predictability. Overlapping area represents the amount of predictability between Samsung CT time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 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 Samsung CT Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Samsung CT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 102.8 M |
Samsung CT Corp lagged returns against current returns
Autocorrelation, which is Samsung CT 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 Samsung CT's stock expected returns. We can calculate the autocorrelation of Samsung CT returns to help us make a trade decision. For example, suppose you find that Samsung CT 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 |
Samsung CT 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 Samsung CT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samsung CT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samsung CT stock over time.
Current vs Lagged Prices |
| Timeline |
Samsung CT Lagged Returns
When evaluating Samsung CT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samsung CT stock have on its future price. Samsung CT 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, Samsung CT autocorrelation shows the relationship between Samsung CT stock current value and its past values and can show if there is a momentum factor associated with investing in Samsung CT Corp.
Regressed Prices |
| Timeline |
Pair Trading with Samsung CT
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 Samsung CT 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 Samsung CT will appreciate offsetting losses from the drop in the long position's value.Moving together with Samsung Stock
Moving against Samsung Stock
| 0.67 | 105560 | KB Financial Group | PairCorr |
| 0.67 | 024110 | Industrial Bank | PairCorr |
| 0.6 | 032830 | Samsung Life | PairCorr |
| 0.4 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Samsung CT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samsung CT 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 Samsung CT - 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 Samsung CT Corp to buy it.
The correlation of Samsung CT 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 Samsung CT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samsung CT Corp 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 Samsung CT 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 Samsung Stock
Samsung CT financial ratios help investors to determine whether Samsung 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 Samsung with respect to the benefits of owning Samsung CT security.