Insun Environment (Korea) Market Value
| 060150 Stock | 5,360 90.00 1.65% |
| Symbol | Insun |
Insun Environment '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 Insun Environment'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 Insun Environment.
| 11/06/2023 |
| 12/30/2024 |
If you would invest 0.00 in Insun Environment on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Insun Environment New or generate 0.0% return on investment in Insun Environment over 420 days. Insun Environment is related to or competes with Daiyang Metal, Daejung Chemicals, Eagon Industrial, Cheryong Industrial, Dongil Metal, Hyunwoo Industrial, and MetaLabs. More
Insun Environment 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 Insun Environment'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 Insun Environment New upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.11 |
Insun Environment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Insun Environment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Insun Environment's standard deviation. In reality, there are many statistical measures that can use Insun Environment historical prices to predict the future Insun Environment's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.99) |
Insun Environment New Backtested Returns
Insun Environment New holds Efficiency (Sharpe) Ratio of -0.0518, which attests that the entity had a -0.0518% return per unit of risk over the last 3 months. Insun Environment New exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Insun Environment's Standard Deviation of 2.58, market risk adjusted performance of (0.98), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Insun Environment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Insun Environment is expected to be smaller as well. At this point, Insun Environment New has a negative expected return of -0.14%. Please make sure to check out Insun Environment's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Insun Environment New performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Insun Environment New has very good predictability. Overlapping area represents the amount of predictability between Insun Environment time series from 6th of November 2023 to 3rd of June 2024 and 3rd of June 2024 to 30th 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 Insun Environment New price movement. The serial correlation of 0.82 indicates that around 82.0% of current Insun Environment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 656.5 K |
Insun Environment New lagged returns against current returns
Autocorrelation, which is Insun Environment 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 Insun Environment's stock expected returns. We can calculate the autocorrelation of Insun Environment returns to help us make a trade decision. For example, suppose you find that Insun Environment 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 |
Insun Environment 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 Insun Environment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Insun Environment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Insun Environment stock over time.
Current vs Lagged Prices |
| Timeline |
Insun Environment Lagged Returns
When evaluating Insun Environment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Insun Environment stock have on its future price. Insun Environment 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, Insun Environment autocorrelation shows the relationship between Insun Environment stock current value and its past values and can show if there is a momentum factor associated with investing in Insun Environment New.
Regressed Prices |
| Timeline |
Pair Trading with Insun Environment
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 Insun Environment 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 Insun Environment will appreciate offsetting losses from the drop in the long position's value.Moving together with Insun Stock
Moving against Insun Stock
| 0.76 | 122870 | YG Entertainment | PairCorr |
| 0.74 | 003535 | Hanwha InvestmentSecuri | PairCorr |
| 0.71 | 035420 | Naver | PairCorr |
| 0.7 | 035900 | JYP Entertainment | PairCorr |
| 0.7 | 041510 | SM Entertainment | PairCorr |
The ability to find closely correlated positions to Insun Environment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Insun Environment 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 Insun Environment - 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 Insun Environment New to buy it.
The correlation of Insun Environment 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 Insun Environment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Insun Environment New 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 Insun Environment 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 Insun Stock
Insun Environment financial ratios help investors to determine whether Insun 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 Insun with respect to the benefits of owning Insun Environment security.