Eugene Technology (Korea) Market Value

084370 Stock  KRW 42,850  2,050  5.02%   
Eugene Technology's market value is the price at which a share of Eugene Technology trades on a public exchange. It measures the collective expectations of Eugene Technology CoLtd investors about its performance. Eugene Technology is trading at 42850.00 as of the 17th of March 2025, a 5.02 percent increase since the beginning of the trading day. The stock's open price was 40800.0.
With this module, you can estimate the performance of a buy and hold strategy of Eugene Technology CoLtd and determine expected loss or profit from investing in Eugene Technology over a given investment horizon. Check out Eugene Technology Correlation, Eugene Technology Volatility and Eugene Technology Alpha and Beta module to complement your research on Eugene Technology.
Symbol

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

Eugene Technology '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 Eugene Technology'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 Eugene Technology.
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 Eugene Technology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Eugene Technology CoLtd or generate 0.0% return on investment in Eugene Technology over 90 days. Eugene Technology is related to or competes with INtRON Biotechnology, LG Household, GS Engineering, Korean Air, Jeong Moon, NICE Information, and Hwacheon Machinery. Eugene Technology Co., Ltd. manufactures and sells semiconductor manufacturing equipment primarily in South Korea. More

Eugene Technology 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 Eugene Technology'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 Eugene Technology CoLtd upside and downside potential and time the market with a certain degree of confidence.

Eugene Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Eugene Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eugene Technology's standard deviation. In reality, there are many statistical measures that can use Eugene Technology historical prices to predict the future Eugene Technology's volatility.
Hype
Prediction
LowEstimatedHigh
42,84742,85042,853
Details
Intrinsic
Valuation
LowRealHigh
30,84930,85247,135
Details
Naive
Forecast
LowNextHigh
39,01739,02039,024
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
39,24041,67544,111
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eugene Technology. Your research has to be compared to or analyzed against Eugene Technology's peers to derive any actionable benefits. When done correctly, Eugene Technology'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 Eugene Technology CoLtd.

Eugene Technology CoLtd Backtested Returns

Eugene Technology appears to be very steady, given 3 months investment horizon. Eugene Technology CoLtd secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Eugene Technology CoLtd, which you can use to evaluate the volatility of the firm. Please utilize Eugene Technology's Coefficient Of Variation of 826.92, mean deviation of 2.49, and Downside Deviation of 3.4 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eugene Technology holds a performance score of 10. The firm shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eugene Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eugene Technology is expected to be smaller as well. Please check Eugene Technology's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Eugene Technology's price patterns will revert.

Auto-correlation

    
  0.59  

Modest predictability

Eugene Technology CoLtd has modest predictability. Overlapping area represents the amount of predictability between Eugene Technology 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 Eugene Technology CoLtd price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Eugene Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test0.45
Residual Average0.0
Price Variance10.1 M

Eugene Technology CoLtd lagged returns against current returns

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

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

Eugene Technology Lagged Returns

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

Pair Trading with Eugene Technology

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

Moving together with Eugene Stock

  0.62086790 Hana FinancialPairCorr
  0.79316140 Woori Financial GroupPairCorr
  0.66005930 Samsung ElectronicsPairCorr

Moving against Eugene Stock

  0.55005380 Hyundai MotorPairCorr
  0.48105560 KB Financial GroupPairCorr
  0.45055550 Shinhan FinancialPairCorr
  0.39032830 Samsung LifePairCorr
The ability to find closely correlated positions to Eugene Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eugene Technology 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 Eugene Technology - 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 Eugene Technology CoLtd to buy it.
The correlation of Eugene Technology 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 Eugene Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eugene Technology CoLtd 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 Eugene Technology 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 Eugene Stock

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