Vina Technology (Korea) Market Value
| 126340 Stock | KRW 24,800 300.00 1.22% |
| Symbol | Vina |
Vina Technology '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 Vina Technology'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 Vina Technology.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Vina Technology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Vina Technology Co or generate 0.0% return on investment in Vina Technology over 90 days. Vina Technology is related to or competes with Kyung In, Hansol Chemical, Hannong Chemicals, Youngbo Chemical, Vivozon Healthcare, and Korea Petro. VINATech Co., Ltd. develops and manufactures energy storage systems in South Korea and internationally More
Vina Technology 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 Vina Technology'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 Vina Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.0497 | |||
| Maximum Drawdown | 29.13 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 4.51 |
Vina Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vina Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vina Technology's standard deviation. In reality, there are many statistical measures that can use Vina Technology historical prices to predict the future Vina Technology's volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.0848 | |||
| Total Risk Alpha | 0.6005 | |||
| Sortino Ratio | 0.063 | |||
| Treynor Ratio | (1.32) |
Vina Technology Backtested Returns
Vina Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0691, which indicates the firm had a -0.0691 % return per unit of risk over the last 3 months. Vina Technology Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vina Technology's Coefficient Of Variation of 3958.74, semi deviation of 3.13, and Risk Adjusted Performance of 0.0298 to confirm the risk estimate we provide. The entity has a beta of -0.0701, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vina Technology are expected to decrease at a much lower rate. During the bear market, Vina Technology is likely to outperform the market. At this point, Vina Technology has a negative expected return of -0.2%. Please make sure to validate Vina Technology's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Vina Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Vina Technology Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Vina Technology time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Vina Technology price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Vina Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1 M |
Vina Technology lagged returns against current returns
Autocorrelation, which is Vina Technology 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 Vina Technology's stock expected returns. We can calculate the autocorrelation of Vina Technology returns to help us make a trade decision. For example, suppose you find that Vina Technology 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 |
Vina Technology 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 Vina Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vina Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vina Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Vina Technology Lagged Returns
When evaluating Vina Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vina Technology stock have on its future price. Vina Technology 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, Vina Technology autocorrelation shows the relationship between Vina Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Vina Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Vina Technology
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 Vina Technology 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 Vina Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Vina Stock
Moving against Vina Stock
| 0.55 | 086790 | Hana Financial | PairCorr |
| 0.5 | 316140 | Woori Financial Group | PairCorr |
| 0.47 | 024110 | Industrial Bank | PairCorr |
| 0.37 | 078600 | Daejoo Electronic | PairCorr |
The ability to find closely correlated positions to Vina Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vina Technology 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 Vina Technology - 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 Vina Technology Co to buy it.
The correlation of Vina Technology 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 Vina Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vina Technology 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 Vina Technology 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 Vina Stock
Vina Technology financial ratios help investors to determine whether Vina 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 Vina with respect to the benefits of owning Vina Technology security.