Osang Healthcare (Korea) Market Value
| 036220 Stock | 13,990 110.00 0.78% |
| Symbol | Osang |
Osang Healthcare '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 Osang Healthcare'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 Osang Healthcare.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Osang Healthcare on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Osang Healthcare Co,Ltd or generate 0.0% return on investment in Osang Healthcare over 90 days. Osang Healthcare is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. Infopia Co., Ltd. develops and sells biosensors for blood diagnosis worldwide. More
Osang Healthcare 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 Osang Healthcare'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 Osang Healthcare Co,Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.1066 | |||
| Maximum Drawdown | 31.11 | |||
| Value At Risk | (6.36) | |||
| Potential Upside | 8.33 |
Osang Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Osang Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Osang Healthcare's standard deviation. In reality, there are many statistical measures that can use Osang Healthcare historical prices to predict the future Osang Healthcare's volatility.| Risk Adjusted Performance | 0.0844 | |||
| Jensen Alpha | 0.484 | |||
| Total Risk Alpha | 1.09 | |||
| Sortino Ratio | 0.1515 | |||
| Treynor Ratio | 1.1 |
Osang Healthcare Co,Ltd Backtested Returns
Osang Healthcare appears to be very steady, given 3 months investment horizon. Osang Healthcare Co,Ltd maintains Sharpe Ratio (i.e., Efficiency) of 0.0667, which implies the firm had a 0.0667 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Osang Healthcare Co,Ltd, which you can use to evaluate the volatility of the company. Please evaluate Osang Healthcare's Risk Adjusted Performance of 0.0844, coefficient of variation of 1144.78, and Semi Deviation of 3.32 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Osang Healthcare holds a performance score of 5. The company holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Osang Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Osang Healthcare is expected to be smaller as well. Please check Osang Healthcare's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Osang Healthcare's historical price patterns will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Osang Healthcare Co,Ltd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Osang Healthcare 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 Osang Healthcare Co,Ltd price movement. The serial correlation of -0.74 indicates that around 74.0% of current Osang Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 208.2 K |
Osang Healthcare Co,Ltd lagged returns against current returns
Autocorrelation, which is Osang Healthcare 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 Osang Healthcare's stock expected returns. We can calculate the autocorrelation of Osang Healthcare returns to help us make a trade decision. For example, suppose you find that Osang Healthcare 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 |
Osang Healthcare 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 Osang Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Osang Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Osang Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Osang Healthcare Lagged Returns
When evaluating Osang Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Osang Healthcare stock have on its future price. Osang Healthcare 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, Osang Healthcare autocorrelation shows the relationship between Osang Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Osang Healthcare Co,Ltd.
Regressed Prices |
| Timeline |
Pair Trading with Osang Healthcare
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 Osang Healthcare 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 Osang Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with Osang Stock
Moving against Osang Stock
The ability to find closely correlated positions to Osang Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Osang Healthcare 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 Osang Healthcare - 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 Osang Healthcare Co,Ltd to buy it.
The correlation of Osang Healthcare 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 Osang Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Osang Healthcare Co,Ltd 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 Osang Healthcare 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 Osang Stock
Osang Healthcare financial ratios help investors to determine whether Osang 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 Osang with respect to the benefits of owning Osang Healthcare security.