TES Co (Korea) Market Value
| 095610 Stock | KRW 20,750 1,100 5.03% |
| Symbol | TES |
TES 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 TES 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 TES Co.
| 11/01/2024 |
| 03/01/2025 |
If you would invest 0.00 in TES Co on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding TES Co or generate 0.0% return on investment in TES Co over 120 days. TES Co is related to or competes with Wonik Ips, Eugene Technology, SFA Engineering, and Tokai Carbon. TES Co., Ltd. manufactures and sells semiconductors, displays, and compound semiconductor equipment More
TES 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 TES 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 TES Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.1767 | |||
| Maximum Drawdown | 22.97 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 6.55 |
TES Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TES Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TES Co's standard deviation. In reality, there are many statistical measures that can use TES Co historical prices to predict the future TES Co's volatility.| Risk Adjusted Performance | 0.1358 | |||
| Jensen Alpha | 0.6795 | |||
| Total Risk Alpha | 0.7997 | |||
| Sortino Ratio | 0.2421 | |||
| Treynor Ratio | 4.72 |
TES Co Backtested Returns
TES Co appears to be very steady, given 3 months investment horizon. TES Co owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2 % return per unit of standard deviation over the last 3 months. By examining TES Co's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please review TES Co's coefficient of variation of 576.8, and Risk Adjusted Performance of 0.1358 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TES Co holds a performance score of 15. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TES Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding TES Co is expected to be smaller as well. Please check TES 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 TES Co's existing price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
TES Co has modest reverse predictability. Overlapping area represents the amount of predictability between TES Co time series from 1st of November 2024 to 31st of December 2024 and 31st of December 2024 to 1st 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 TES Co price movement. The serial correlation of -0.45 indicates that just about 45.0% of current TES Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 5.9 M |
TES Co lagged returns against current returns
Autocorrelation, which is TES 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 TES Co's stock expected returns. We can calculate the autocorrelation of TES Co returns to help us make a trade decision. For example, suppose you find that TES 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 |
TES 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 TES Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TES Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TES Co stock over time.
Current vs Lagged Prices |
| Timeline |
TES Co Lagged Returns
When evaluating TES Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TES Co stock have on its future price. TES 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, TES Co autocorrelation shows the relationship between TES Co stock current value and its past values and can show if there is a momentum factor associated with investing in TES Co.
Regressed Prices |
| Timeline |
Pair Trading with TES 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 TES 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 TES Co will appreciate offsetting losses from the drop in the long position's value.Moving together with TES Stock
The ability to find closely correlated positions to TES 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 TES 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 TES 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 TES Co to buy it.
The correlation of TES 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 TES Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TES 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 TES 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 TES Stock
TES Co financial ratios help investors to determine whether TES 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 TES with respect to the benefits of owning TES Co security.