FNSTech Co (Korea) Market Value
| 083500 Stock | 10,380 280.00 2.77% |
| Symbol | FNSTech |
Please note, there is a significant difference between FNSTech Co's value and its price as these two are different measures arrived at by different means. Investors typically determine if FNSTech Co is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FNSTech Co'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.
FNSTech Co '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 FNSTech Co'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 FNSTech Co.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in FNSTech Co on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding FNSTech Co or generate 0.0% return on investment in FNSTech Co over 90 days. FNSTech Co is related to or competes with Aprogen Healthcare, Korea Computer, DoubleU Games, Sangsin Energy, Sejong Telecom, Lotte Energy, and Seoul Electronics. More
FNSTech Co 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 FNSTech Co'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 FNSTech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.1349 | |||
| Maximum Drawdown | 19.81 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 8.25 |
FNSTech Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FNSTech Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FNSTech Co's standard deviation. In reality, there are many statistical measures that can use FNSTech Co historical prices to predict the future FNSTech Co's volatility.| Risk Adjusted Performance | 0.103 | |||
| Jensen Alpha | 0.5105 | |||
| Total Risk Alpha | 0.8987 | |||
| Sortino Ratio | 0.1508 | |||
| Treynor Ratio | 0.4652 |
FNSTech Co Backtested Returns
FNSTech Co appears to be very steady, given 3 months investment horizon. FNSTech Co secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14 % return per unit of volatility over the last 3 months. By evaluating FNSTech Co's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize FNSTech Co's Mean Deviation of 2.86, downside deviation of 3.47, and Market Risk Adjusted Performance of 0.4752 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FNSTech Co holds a performance score of 11. The firm shows a Beta (market volatility) of 0.89, which means possible diversification benefits within a given portfolio. FNSTech Co returns are very sensitive to returns on the market. As the market goes up or down, FNSTech Co is expected to follow. Please check FNSTech Co's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether FNSTech Co's price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
FNSTech Co has very good reverse predictability. Overlapping area represents the amount of predictability between FNSTech Co 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 FNSTech Co price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current FNSTech Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 467.4 K |
FNSTech Co lagged returns against current returns
Autocorrelation, which is FNSTech Co 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 FNSTech Co's stock expected returns. We can calculate the autocorrelation of FNSTech Co returns to help us make a trade decision. For example, suppose you find that FNSTech Co 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 |
FNSTech Co 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 FNSTech Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FNSTech Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FNSTech Co stock over time.
Current vs Lagged Prices |
| Timeline |
FNSTech Co Lagged Returns
When evaluating FNSTech Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FNSTech Co stock have on its future price. FNSTech Co 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, FNSTech Co autocorrelation shows the relationship between FNSTech Co stock current value and its past values and can show if there is a momentum factor associated with investing in FNSTech Co.
Regressed Prices |
| Timeline |
Pair Trading with FNSTech Co
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 FNSTech Co 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 FNSTech Co will appreciate offsetting losses from the drop in the long position's value.Moving together with FNSTech Stock
Moving against FNSTech Stock
| 0.76 | 051915 | LG Chem | PairCorr |
| 0.69 | 006400 | Samsung SDI | PairCorr |
| 0.65 | 051910 | LG Chemicals | PairCorr |
| 0.49 | 005380 | Hyundai Motor | PairCorr |
| 0.41 | 373220 | LG Energy Solution | PairCorr |
The ability to find closely correlated positions to FNSTech Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FNSTech Co 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 FNSTech Co - 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 FNSTech Co to buy it.
The correlation of FNSTech Co 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 FNSTech Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FNSTech Co 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 FNSTech Co 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 FNSTech Stock
FNSTech Co financial ratios help investors to determine whether FNSTech 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 FNSTech with respect to the benefits of owning FNSTech Co security.