ENERGYMACHINERY KOREA (Korea) Market Value
| 095190 Stock | KRW 2,260 20.00 0.88% |
| Symbol | ENERGYMACHINERY |
ENERGYMACHINERY KOREA '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 ENERGYMACHINERY KOREA'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 ENERGYMACHINERY KOREA.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ENERGYMACHINERY KOREA on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ENERGYMACHINERY KOREA CoLtd or generate 0.0% return on investment in ENERGYMACHINERY KOREA over 90 days. ENERGYMACHINERY KOREA is related to or competes with Tuksu Engineering, Camus Engineering, SEOJEON ELECTRIC, Hyundai BNG, Moonbae Steel, Seohee Construction, and KCC Engineering. ,Ltd. engages in tunnel boring machine , energyenvironment, defenseaerospace, machine tools, and power generation busine... More
ENERGYMACHINERY KOREA 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 ENERGYMACHINERY KOREA'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 ENERGYMACHINERY KOREA CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.2091 | |||
| Maximum Drawdown | 11.79 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.85 |
ENERGYMACHINERY KOREA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENERGYMACHINERY KOREA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENERGYMACHINERY KOREA's standard deviation. In reality, there are many statistical measures that can use ENERGYMACHINERY KOREA historical prices to predict the future ENERGYMACHINERY KOREA's volatility.| Risk Adjusted Performance | 0.1536 | |||
| Jensen Alpha | 0.4399 | |||
| Total Risk Alpha | 0.7178 | |||
| Sortino Ratio | 0.2224 | |||
| Treynor Ratio | 1.4 |
ENERGYMACHINERY KOREA Backtested Returns
ENERGYMACHINERY KOREA appears to be very steady, given 3 months investment horizon. ENERGYMACHINERY KOREA secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16 % return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ENERGYMACHINERY KOREA CoLtd, which you can use to evaluate the volatility of the firm. Please utilize ENERGYMACHINERY KOREA's downside deviation of 2.33, and Mean Deviation of 1.82 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ENERGYMACHINERY KOREA holds a performance score of 12. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, ENERGYMACHINERY KOREA's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENERGYMACHINERY KOREA is expected to be smaller as well. Please check ENERGYMACHINERY KOREA's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether ENERGYMACHINERY KOREA's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
ENERGYMACHINERY KOREA CoLtd has weak reverse predictability. Overlapping area represents the amount of predictability between ENERGYMACHINERY KOREA time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 ENERGYMACHINERY KOREA price movement. The serial correlation of -0.25 indicates that over 25.0% of current ENERGYMACHINERY KOREA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2793.72 |
ENERGYMACHINERY KOREA lagged returns against current returns
Autocorrelation, which is ENERGYMACHINERY KOREA 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 ENERGYMACHINERY KOREA's stock expected returns. We can calculate the autocorrelation of ENERGYMACHINERY KOREA returns to help us make a trade decision. For example, suppose you find that ENERGYMACHINERY KOREA 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 |
ENERGYMACHINERY KOREA 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 ENERGYMACHINERY KOREA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENERGYMACHINERY KOREA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENERGYMACHINERY KOREA stock over time.
Current vs Lagged Prices |
| Timeline |
ENERGYMACHINERY KOREA Lagged Returns
When evaluating ENERGYMACHINERY KOREA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENERGYMACHINERY KOREA stock have on its future price. ENERGYMACHINERY KOREA 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, ENERGYMACHINERY KOREA autocorrelation shows the relationship between ENERGYMACHINERY KOREA stock current value and its past values and can show if there is a momentum factor associated with investing in ENERGYMACHINERY KOREA CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with ENERGYMACHINERY KOREA
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 ENERGYMACHINERY KOREA 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 ENERGYMACHINERY KOREA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ENERGYMACHINERY KOREA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENERGYMACHINERY KOREA 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 ENERGYMACHINERY KOREA - 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 ENERGYMACHINERY KOREA CoLtd to buy it.
The correlation of ENERGYMACHINERY KOREA 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 ENERGYMACHINERY KOREA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ENERGYMACHINERY KOREA 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 ENERGYMACHINERY KOREA 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 ENERGYMACHINERY Stock
ENERGYMACHINERY KOREA financial ratios help investors to determine whether ENERGYMACHINERY 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 ENERGYMACHINERY with respect to the benefits of owning ENERGYMACHINERY KOREA security.