Shinsung Delta (Korea) Market Value

065350 Stock  KRW 69,700  1,100  1.60%   
Shinsung Delta's market value is the price at which a share of Shinsung Delta trades on a public exchange. It measures the collective expectations of Shinsung Delta Tech investors about its performance. Shinsung Delta is trading at 69700.00 as of the 17th of March 2025, a 1.60 percent increase since the beginning of the trading day. The stock's open price was 68600.0.
With this module, you can estimate the performance of a buy and hold strategy of Shinsung Delta Tech and determine expected loss or profit from investing in Shinsung Delta over a given investment horizon. Check out Shinsung Delta Correlation, Shinsung Delta Volatility and Shinsung Delta Alpha and Beta module to complement your research on Shinsung Delta.
Symbol

Please note, there is a significant difference between Shinsung Delta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shinsung Delta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shinsung Delta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
69,69569,70069,705
Details
Intrinsic
Valuation
LowRealHigh
62,73081,57081,575
Details
Naive
Forecast
LowNextHigh
77,12477,12977,133
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
65,50071,37177,243
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shinsung Delta. Your research has to be compared to or analyzed against Shinsung Delta's peers to derive any actionable benefits. When done correctly, Shinsung Delta's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shinsung Delta Tech.

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, coefficient of variation of (36,290), and Risk Adjusted Performance of 0.006 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 Coefficient0.8
Spearman Rank Test0.76
Residual Average0.0
Price Variance89.5 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.
Pair CorrelationCorrelation Matching

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.