SundayToz Corp (Korea) Market Value
| 123420 Stock | KRW 6,950 170.00 2.39% |
| Symbol | SundayToz |
SundayToz Corp '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 SundayToz Corp'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 SundayToz Corp.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in SundayToz Corp on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding SundayToz Corp or generate 0.0% return on investment in SundayToz Corp over 180 days. SundayToz Corp is related to or competes with Samsung Electronics, Samsung Electronics, KB Financial, Shinhan Financial, Hyundai, Hyundai, and Hyundai. SundayToz Corp. develops social mobile games in South Korea More
SundayToz Corp 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 SundayToz Corp'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 SundayToz Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 20.56 | |||
| Value At Risk | (4.68) | |||
| Potential Upside | 4.59 |
SundayToz Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SundayToz Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SundayToz Corp's standard deviation. In reality, there are many statistical measures that can use SundayToz Corp historical prices to predict the future SundayToz Corp's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.81) |
SundayToz Corp Backtested Returns
SundayToz Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. SundayToz Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SundayToz Corp's Variance of 9.19, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,934) to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SundayToz Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding SundayToz Corp is expected to be smaller as well. At this point, SundayToz Corp has a negative expected return of -0.31%. Please make sure to validate SundayToz Corp's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if SundayToz Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
SundayToz Corp has average predictability. Overlapping area represents the amount of predictability between SundayToz Corp time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 SundayToz Corp price movement. The serial correlation of 0.41 indicates that just about 41.0% of current SundayToz Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 189 K |
SundayToz Corp lagged returns against current returns
Autocorrelation, which is SundayToz Corp 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 SundayToz Corp's stock expected returns. We can calculate the autocorrelation of SundayToz Corp returns to help us make a trade decision. For example, suppose you find that SundayToz Corp 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 |
SundayToz Corp 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 SundayToz Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SundayToz Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SundayToz Corp stock over time.
Current vs Lagged Prices |
| Timeline |
SundayToz Corp Lagged Returns
When evaluating SundayToz Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SundayToz Corp stock have on its future price. SundayToz Corp 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, SundayToz Corp autocorrelation shows the relationship between SundayToz Corp stock current value and its past values and can show if there is a momentum factor associated with investing in SundayToz Corp.
Regressed Prices |
| Timeline |
Pair Trading with SundayToz Corp
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 SundayToz Corp 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 SundayToz Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with SundayToz Stock
Moving against SundayToz Stock
| 0.78 | 012330 | Hyundai Mobis | PairCorr |
| 0.59 | 122870 | YG Entertainment | PairCorr |
| 0.58 | 003535 | Hanwha InvestmentSecuri | PairCorr |
| 0.55 | 035420 | Naver | PairCorr |
| 0.53 | 011390 | Busan Industrial | PairCorr |
The ability to find closely correlated positions to SundayToz Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SundayToz Corp 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 SundayToz Corp - 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 SundayToz Corp to buy it.
The correlation of SundayToz Corp 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 SundayToz Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SundayToz Corp 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 SundayToz Corp 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 SundayToz Stock
SundayToz Corp financial ratios help investors to determine whether SundayToz 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 SundayToz with respect to the benefits of owning SundayToz Corp security.