Tplex (Korea) Market Value

081150 Stock  KRW 3,165  25.00  0.78%   
Tplex's market value is the price at which a share of Tplex trades on a public exchange. It measures the collective expectations of Tplex Co investors about its performance. Tplex is trading at 3165.00 as of the 17th of March 2025, a 0.78 percent decrease since the beginning of the trading day. The stock's open price was 3190.0.
With this module, you can estimate the performance of a buy and hold strategy of Tplex Co and determine expected loss or profit from investing in Tplex over a given investment horizon. Check out Tplex Correlation, Tplex Volatility and Tplex Alpha and Beta module to complement your research on Tplex.
Symbol

Please note, there is a significant difference between Tplex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tplex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tplex'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.

Tplex '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 Tplex'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 Tplex.
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 Tplex on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tplex Co or generate 0.0% return on investment in Tplex over 90 days. Tplex is related to or competes with ITM Semiconductor, CU Tech, Taegu Broadcasting, Sung Bo, Miwon Chemical, and SK Chemicals. Tplex Co., Ltd., a stainless steel processing company, engages in the cutting and processing of stainless steel in South... More

Tplex 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 Tplex'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 Tplex Co upside and downside potential and time the market with a certain degree of confidence.

Tplex Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tplex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tplex's standard deviation. In reality, there are many statistical measures that can use Tplex historical prices to predict the future Tplex's volatility.
Hype
Prediction
LowEstimatedHigh
3,1633,1653,167
Details
Intrinsic
Valuation
LowRealHigh
2,6262,6283,482
Details
Naive
Forecast
LowNextHigh
3,1723,1743,176
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3,0973,1743,251
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tplex. Your research has to be compared to or analyzed against Tplex's peers to derive any actionable benefits. When done correctly, Tplex'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 Tplex.

Tplex Backtested Returns

At this point, Tplex is very steady. Tplex owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0354, which indicates the firm had a 0.0354 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Tplex Co, which you can use to evaluate the volatility of the company. Please validate Tplex's Risk Adjusted Performance of 0.0428, coefficient of variation of 2406.39, and Semi Deviation of 2.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.0696%. Tplex has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0424, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tplex are expected to decrease at a much lower rate. During the bear market, Tplex is likely to outperform the market. Tplex right now has a risk of 1.97%. Please validate Tplex semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Tplex will be following its existing price patterns.

Auto-correlation

    
  -0.08  

Very weak reverse predictability

Tplex Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Tplex 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 Tplex price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Tplex price fluctuation can be explain by its past prices.
Correlation Coefficient-0.08
Spearman Rank Test0.14
Residual Average0.0
Price Variance4070.99

Tplex lagged returns against current returns

Autocorrelation, which is Tplex 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 Tplex's stock expected returns. We can calculate the autocorrelation of Tplex returns to help us make a trade decision. For example, suppose you find that Tplex 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  

Tplex 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 Tplex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tplex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tplex stock over time.
   Current vs Lagged Prices   
       Timeline  

Tplex Lagged Returns

When evaluating Tplex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tplex stock have on its future price. Tplex 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, Tplex autocorrelation shows the relationship between Tplex stock current value and its past values and can show if there is a momentum factor associated with investing in Tplex Co.
   Regressed Prices   
       Timeline  

Pair Trading with Tplex

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 Tplex 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 Tplex will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tplex Stock

  0.65009830 Hanwha SolutionsPairCorr

Moving against Tplex Stock

  0.5051910 LG ChemicalsPairCorr
  0.46045340 Total Soft BankPairCorr
  0.42086520 Ecopro SplitPairCorr
The ability to find closely correlated positions to Tplex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tplex 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 Tplex - 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 Tplex Co to buy it.
The correlation of Tplex 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 Tplex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tplex 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 Tplex 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 Tplex Stock

Tplex financial ratios help investors to determine whether Tplex 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 Tplex with respect to the benefits of owning Tplex security.