SNTEnergy (Korea) Market Value
| 100840 Stock | 20,400 1,150 5.97% |
| Symbol | SNTEnergy |
SNTEnergy '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 SNTEnergy'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 SNTEnergy.
| 10/21/2024 |
| 12/20/2024 |
If you would invest 0.00 in SNTEnergy on October 21, 2024 and sell it all today you would earn a total of 0.00 from holding SNTEnergy Co or generate 0.0% return on investment in SNTEnergy over 60 days. SNTEnergy is related to or competes with LG Energy, Doosan Heavy, Hyosung Heavy, Aprogen KIC, and Korea Refract. More
SNTEnergy 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 SNTEnergy'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 SNTEnergy Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.1881 | |||
| Maximum Drawdown | 19.45 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 8.17 |
SNTEnergy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SNTEnergy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SNTEnergy's standard deviation. In reality, there are many statistical measures that can use SNTEnergy historical prices to predict the future SNTEnergy's volatility.| Risk Adjusted Performance | 0.1639 | |||
| Jensen Alpha | 0.794 | |||
| Total Risk Alpha | 0.6729 | |||
| Sortino Ratio | 0.2197 | |||
| Treynor Ratio | (49.30) |
SNTEnergy Backtested Returns
SNTEnergy appears to be very steady, given 3 months investment horizon. SNTEnergy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of standard deviation over the last 3 months. By evaluating SNTEnergy's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please review SNTEnergy's risk adjusted performance of 0.1639, and Coefficient Of Variation of 509.49 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SNTEnergy holds a performance score of 15. The entity has a beta of -0.0161, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SNTEnergy are expected to decrease at a much lower rate. During the bear market, SNTEnergy is likely to outperform the market. Please check SNTEnergy's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether SNTEnergy's existing price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
SNTEnergy Co has weak predictability. Overlapping area represents the amount of predictability between SNTEnergy time series from 21st of October 2024 to 20th of November 2024 and 20th of November 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SNTEnergy price movement. The serial correlation of 0.22 indicates that over 22.0% of current SNTEnergy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 M |
SNTEnergy lagged returns against current returns
Autocorrelation, which is SNTEnergy 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 SNTEnergy's stock expected returns. We can calculate the autocorrelation of SNTEnergy returns to help us make a trade decision. For example, suppose you find that SNTEnergy 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 |
SNTEnergy 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 SNTEnergy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SNTEnergy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SNTEnergy stock over time.
Current vs Lagged Prices |
| Timeline |
SNTEnergy Lagged Returns
When evaluating SNTEnergy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SNTEnergy stock have on its future price. SNTEnergy 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, SNTEnergy autocorrelation shows the relationship between SNTEnergy stock current value and its past values and can show if there is a momentum factor associated with investing in SNTEnergy Co.
Regressed Prices |
| Timeline |
Pair Trading with SNTEnergy
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 SNTEnergy 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 SNTEnergy will appreciate offsetting losses from the drop in the long position's value.Moving against SNTEnergy Stock
| 0.88 | 011785 | Kumho Petro Chemical | PairCorr |
| 0.87 | 011780 | Kumho Petro Chemical | PairCorr |
| 0.86 | 298050 | Hyosung Advanced Mat | PairCorr |
| 0.84 | 005490 | POSCO Holdings | PairCorr |
| 0.76 | 051910 | LG Chemicals | PairCorr |
The ability to find closely correlated positions to SNTEnergy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SNTEnergy 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 SNTEnergy - 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 SNTEnergy Co to buy it.
The correlation of SNTEnergy 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 SNTEnergy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SNTEnergy 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 SNTEnergy 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 SNTEnergy Stock
SNTEnergy financial ratios help investors to determine whether SNTEnergy 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 SNTEnergy with respect to the benefits of owning SNTEnergy security.