Shinsung Delta (Korea) Market Value
| 065350 Stock | KRW 69,700 1,100 1.60% |
| Symbol | Shinsung |
Shinsung Delta '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 Shinsung Delta'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 Shinsung Delta.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Shinsung Delta on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Shinsung Delta Tech or generate 0.0% return on investment in Shinsung Delta over 90 days. Shinsung Delta is related to or competes with Korea Industrial, Hyundai Industrial, Vivozon Healthcare, Taeyang Metal, LEENO Industrial, GS Retail, and Kyeryong Construction. ,Ltd. produces and sells various home appliance, automotive, IT, and B2C products in South Korea and internationally More
Shinsung Delta 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 Shinsung Delta'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 Shinsung Delta Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0151 | |||
| Maximum Drawdown | 31.07 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 12.43 |
Shinsung Delta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinsung Delta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinsung Delta's standard deviation. In reality, there are many statistical measures that can use Shinsung Delta historical prices to predict the future Shinsung Delta's volatility.| Risk Adjusted Performance | 0.006 | |||
| Jensen Alpha | 0.0424 | |||
| Total Risk Alpha | 0.6681 | |||
| Treynor Ratio | (0.04) |
Shinsung Delta Tech Backtested Returns
Shinsung Delta Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12 % return per unit of risk over the last 3 months. Shinsung Delta Tech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shinsung Delta's Variance of 30.65, risk adjusted performance of 0.006, and Coefficient Of Variation of (36,290) to confirm the risk estimate we provide. The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shinsung Delta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinsung Delta is expected to be smaller as well. At this point, Shinsung Delta Tech has a negative expected return of -0.57%. Please make sure to validate Shinsung Delta's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Shinsung Delta Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Shinsung Delta Tech has very good predictability. Overlapping area represents the amount of predictability between Shinsung Delta 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 Shinsung Delta Tech price movement. The serial correlation of 0.8 indicates that around 80.0% of current Shinsung Delta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 89.5 M |
Shinsung Delta Tech lagged returns against current returns
Autocorrelation, which is Shinsung Delta 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 Shinsung Delta's stock expected returns. We can calculate the autocorrelation of Shinsung Delta returns to help us make a trade decision. For example, suppose you find that Shinsung Delta 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 |
Shinsung Delta 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 Shinsung Delta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinsung Delta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinsung Delta stock over time.
Current vs Lagged Prices |
| Timeline |
Shinsung Delta Lagged Returns
When evaluating Shinsung Delta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinsung Delta stock have on its future price. Shinsung Delta 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, Shinsung Delta autocorrelation shows the relationship between Shinsung Delta stock current value and its past values and can show if there is a momentum factor associated with investing in Shinsung Delta Tech.
Regressed Prices |
| Timeline |
Pair Trading with Shinsung Delta
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 Shinsung Delta 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 Shinsung Delta will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Shinsung Delta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinsung Delta 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 Shinsung Delta - 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 Shinsung Delta Tech to buy it.
The correlation of Shinsung Delta 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 Shinsung Delta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinsung Delta Tech 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 Shinsung Delta 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 Shinsung Stock
Shinsung Delta financial ratios help investors to determine whether Shinsung 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 Shinsung with respect to the benefits of owning Shinsung Delta security.