ENERGYMACHINERY KOREA (Korea) Market Value

095190 Stock  KRW 2,260  20.00  0.88%   
ENERGYMACHINERY KOREA's market value is the price at which a share of ENERGYMACHINERY KOREA trades on a public exchange. It measures the collective expectations of ENERGYMACHINERY KOREA CoLtd investors about its performance. ENERGYMACHINERY KOREA is trading at 2260.00 as of the 15th of March 2025, a 0.88 percent decrease since the beginning of the trading day. The stock's open price was 2280.0.
With this module, you can estimate the performance of a buy and hold strategy of ENERGYMACHINERY KOREA CoLtd and determine expected loss or profit from investing in ENERGYMACHINERY KOREA over a given investment horizon. Check out ENERGYMACHINERY KOREA Correlation, ENERGYMACHINERY KOREA Volatility and ENERGYMACHINERY KOREA Alpha and Beta module to complement your research on ENERGYMACHINERY KOREA.
Symbol

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

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.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
2,2582,2602,262
Details
Intrinsic
Valuation
LowRealHigh
2,0342,5122,515
Details
Naive
Forecast
LowNextHigh
2,2982,3012,303
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2,0362,1932,350
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ENERGYMACHINERY KOREA. Your research has to be compared to or analyzed against ENERGYMACHINERY KOREA's peers to derive any actionable benefits. When done correctly, ENERGYMACHINERY KOREA'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 ENERGYMACHINERY KOREA.

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 Average0.0
Price Variance2793.72

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.
Pair CorrelationCorrelation Matching

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.