Sungho Electronics (Korea) Market Value
| 043260 Stock | KRW 1,126 57.00 4.82% |
| Symbol | Sungho |
Sungho Electronics '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 Sungho Electronics' 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 Sungho Electronics.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Sungho Electronics on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sungho Electronics Corp or generate 0.0% return on investment in Sungho Electronics over 90 days. Sungho Electronics is related to or competes with Dongsin Engineering, Doosan Fuel, Daishin Balance, Total Soft, AptaBio Therapeutics, ASTORY CoLtd, and Daewoo SBI. Sungho Electronics Corporation manufactures and sells film capacitors in South Korea and internationally. More
Sungho Electronics 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 Sungho Electronics' 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 Sungho Electronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 4.31 |
Sungho Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sungho Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sungho Electronics' standard deviation. In reality, there are many statistical measures that can use Sungho Electronics historical prices to predict the future Sungho Electronics' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (58.81) |
Sungho Electronics Corp Backtested Returns
Sungho Electronics Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of risk over the last 3 months. Sungho Electronics Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sungho Electronics' Variance of 7.82, coefficient of variation of (509.49), and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The entity has a beta of 0.0095, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sungho Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sungho Electronics is expected to be smaller as well. At this point, Sungho Electronics Corp has a negative expected return of -0.54%. Please make sure to validate Sungho Electronics' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Sungho Electronics Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Sungho Electronics Corp has average predictability. Overlapping area represents the amount of predictability between Sungho Electronics time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Sungho Electronics Corp price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Sungho Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 3124.41 |
Sungho Electronics Corp lagged returns against current returns
Autocorrelation, which is Sungho Electronics 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 Sungho Electronics' stock expected returns. We can calculate the autocorrelation of Sungho Electronics returns to help us make a trade decision. For example, suppose you find that Sungho Electronics 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 |
Sungho Electronics 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 Sungho Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sungho Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sungho Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Sungho Electronics Lagged Returns
When evaluating Sungho Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sungho Electronics stock have on its future price. Sungho Electronics 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, Sungho Electronics autocorrelation shows the relationship between Sungho Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Sungho Electronics Corp.
Regressed Prices |
| Timeline |
Pair Trading with Sungho Electronics
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 Sungho Electronics 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 Sungho Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Sungho Stock
| 0.84 | 005930 | Samsung Electronics | PairCorr |
| 0.79 | 005935 | Samsung Electronics | PairCorr |
| 0.94 | 034730 | SK Holdings | PairCorr |
| 0.95 | 005490 | POSCO Holdings | PairCorr |
Moving against Sungho Stock
| 0.88 | 122870 | YG Entertainment | PairCorr |
| 0.85 | 032640 | LG Uplus | PairCorr |
| 0.8 | 078160 | MEDIPOST | PairCorr |
| 0.63 | 039240 | Gyeongnam Steel | PairCorr |
| 0.61 | 065660 | AnterogenCoLtd | PairCorr |
The ability to find closely correlated positions to Sungho Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sungho Electronics 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 Sungho Electronics - 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 Sungho Electronics Corp to buy it.
The correlation of Sungho Electronics 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 Sungho Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sungho Electronics 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 Sungho Electronics 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 Sungho Stock
Sungho Electronics financial ratios help investors to determine whether Sungho 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 Sungho with respect to the benefits of owning Sungho Electronics security.