TPC Mechatronics (Korea) Market Value
| 048770 Stock | KRW 2,225 65.00 3.01% |
| Symbol | TPC |
TPC Mechatronics '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 TPC Mechatronics' 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 TPC Mechatronics.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in TPC Mechatronics on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding TPC Mechatronics or generate 0.0% return on investment in TPC Mechatronics over 720 days. TPC Mechatronics is related to or competes with Golden Bridge, Ssangyong Information, Nice Information, Korea Information, Coloray International, SV Investment, and Wireless Power. TPC Mechatronics Corporation primarily manufactures and sells pneumatic equipment in South Korea and internationally More
TPC Mechatronics 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 TPC Mechatronics' 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 TPC Mechatronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 12.46 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 2.97 |
TPC Mechatronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TPC Mechatronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPC Mechatronics' standard deviation. In reality, there are many statistical measures that can use TPC Mechatronics historical prices to predict the future TPC Mechatronics' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (6.45) |
TPC Mechatronics Backtested Returns
TPC Mechatronics retains Efficiency (Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of volatility over the last 3 months. TPC Mechatronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TPC Mechatronics' standard deviation of 2.23, and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.0795, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TPC Mechatronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding TPC Mechatronics is expected to be smaller as well. At this point, TPC Mechatronics has a negative expected return of -0.54%. Please make sure to validate TPC Mechatronics' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if TPC Mechatronics performance from the past will be repeated at future time.
Auto-correlation | 0.20 |
Weak predictability
TPC Mechatronics has weak predictability. Overlapping area represents the amount of predictability between TPC Mechatronics time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 TPC Mechatronics price movement. The serial correlation of 0.2 indicates that over 20.0% of current TPC Mechatronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 274.5 K |
TPC Mechatronics lagged returns against current returns
Autocorrelation, which is TPC Mechatronics 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 TPC Mechatronics' stock expected returns. We can calculate the autocorrelation of TPC Mechatronics returns to help us make a trade decision. For example, suppose you find that TPC Mechatronics 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 |
TPC Mechatronics 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 TPC Mechatronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPC Mechatronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPC Mechatronics stock over time.
Current vs Lagged Prices |
| Timeline |
TPC Mechatronics Lagged Returns
When evaluating TPC Mechatronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TPC Mechatronics stock have on its future price. TPC Mechatronics 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, TPC Mechatronics autocorrelation shows the relationship between TPC Mechatronics stock current value and its past values and can show if there is a momentum factor associated with investing in TPC Mechatronics.
Regressed Prices |
| Timeline |
Pair Trading with TPC Mechatronics
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 TPC Mechatronics 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 TPC Mechatronics will appreciate offsetting losses from the drop in the long position's value.Moving together with TPC Stock
| 0.89 | 011070 | LG Innotek | PairCorr |
| 0.75 | 004170 | Shinsegae | PairCorr |
| 0.86 | 097950 | CJ Cheiljedang | PairCorr |
| 0.87 | 005380 | Hyundai Motor | PairCorr |
Moving against TPC Stock
The ability to find closely correlated positions to TPC Mechatronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TPC Mechatronics 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 TPC Mechatronics - 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 TPC Mechatronics to buy it.
The correlation of TPC Mechatronics 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 TPC Mechatronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TPC Mechatronics 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 TPC Mechatronics 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 TPC Stock
TPC Mechatronics financial ratios help investors to determine whether TPC 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 TPC with respect to the benefits of owning TPC Mechatronics security.