Guyoung Technology (Korea) Market Value
| 053270 Stock | KRW 2,230 20.00 0.90% |
| Symbol | Guyoung |
Guyoung Technology '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 Guyoung Technology'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 Guyoung Technology.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Guyoung Technology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Guyoung Technology Co or generate 0.0% return on investment in Guyoung Technology over 90 days. Guyoung Technology is related to or competes with MetaLabs, PJ Metal, Lindeman Asia, Hanwha InvestmentSecuri, and SBI Investment. Guyoung Tech. Co., Ltd. manufactures and supplies automotive parts in South Korea and internationally. More
Guyoung Technology 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 Guyoung Technology'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 Guyoung Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.1193 | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 4.04 |
Guyoung Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guyoung Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guyoung Technology's standard deviation. In reality, there are many statistical measures that can use Guyoung Technology historical prices to predict the future Guyoung Technology's volatility.| Risk Adjusted Performance | 0.0734 | |||
| Jensen Alpha | 0.2119 | |||
| Total Risk Alpha | 0.4645 | |||
| Sortino Ratio | 0.1289 | |||
| Treynor Ratio | 0.4528 |
Guyoung Technology Backtested Returns
Guyoung Technology appears to be very steady, given 3 months investment horizon. Guyoung Technology holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Guyoung Technology, which you can use to evaluate the volatility of the firm. Please utilize Guyoung Technology's Risk Adjusted Performance of 0.0734, downside deviation of 2.17, and Market Risk Adjusted Performance of 0.4628 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guyoung Technology holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guyoung Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guyoung Technology is expected to be smaller as well. Please check Guyoung Technology's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Guyoung Technology's current trending patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Guyoung Technology Co has weak reverse predictability. Overlapping area represents the amount of predictability between Guyoung Technology 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 Guyoung Technology price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Guyoung Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2854.39 |
Guyoung Technology lagged returns against current returns
Autocorrelation, which is Guyoung Technology 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 Guyoung Technology's stock expected returns. We can calculate the autocorrelation of Guyoung Technology returns to help us make a trade decision. For example, suppose you find that Guyoung Technology 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 |
Guyoung Technology 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 Guyoung Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guyoung Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guyoung Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Guyoung Technology Lagged Returns
When evaluating Guyoung Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guyoung Technology stock have on its future price. Guyoung Technology 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, Guyoung Technology autocorrelation shows the relationship between Guyoung Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Guyoung Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Guyoung Technology
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 Guyoung Technology 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 Guyoung Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Guyoung Stock
| 0.55 | 005380 | Hyundai Motor | PairCorr |
| 0.47 | 032830 | Samsung Life | PairCorr |
| 0.37 | 055550 | Shinhan Financial | PairCorr |
| 0.32 | 105560 | KB Financial Group | PairCorr |
The ability to find closely correlated positions to Guyoung Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guyoung Technology 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 Guyoung Technology - 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 Guyoung Technology Co to buy it.
The correlation of Guyoung Technology 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 Guyoung Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guyoung Technology 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 Guyoung Technology 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 Guyoung Stock
Guyoung Technology financial ratios help investors to determine whether Guyoung 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 Guyoung with respect to the benefits of owning Guyoung Technology security.