Fine Besteel (Korea) Market Value
| 133820 Stock | 1,032 63.00 5.75% |
| Symbol | Fine |
Fine Besteel '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 Fine Besteel'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 Fine Besteel.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Fine Besteel on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Fine Besteel Co or generate 0.0% return on investment in Fine Besteel over 90 days. Fine Besteel is related to or competes with Daejoo Electronic, Kolon Plastics, LG Display, Ecoplastic, Samick Musical, WONIK Materials, and Hyundai Engineering. More
Fine Besteel 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 Fine Besteel'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 Fine Besteel Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0646 | |||
| Maximum Drawdown | 13.88 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 5.51 |
Fine Besteel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fine Besteel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fine Besteel's standard deviation. In reality, there are many statistical measures that can use Fine Besteel historical prices to predict the future Fine Besteel's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.1352 | |||
| Total Risk Alpha | 0.3556 | |||
| Sortino Ratio | 0.0801 | |||
| Treynor Ratio | 0.1344 |
Fine Besteel Backtested Returns
At this point, Fine Besteel is very steady. Fine Besteel secures Sharpe Ratio (or Efficiency) of 0.0261, which denotes the company had a 0.0261 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Fine Besteel Co, which you can use to evaluate the volatility of the firm. Please confirm Fine Besteel's Coefficient Of Variation of 2928.81, downside deviation of 2.14, and Mean Deviation of 1.99 to check if the risk estimate we provide is consistent with the expected return of 0.0753%. Fine Besteel has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fine Besteel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fine Besteel is expected to be smaller as well. Fine Besteel right now shows a risk of 2.88%. Please confirm Fine Besteel semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Fine Besteel will be following its price patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
Fine Besteel Co has poor reverse predictability. Overlapping area represents the amount of predictability between Fine Besteel time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Fine Besteel price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Fine Besteel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2907.97 |
Fine Besteel lagged returns against current returns
Autocorrelation, which is Fine Besteel 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 Fine Besteel's stock expected returns. We can calculate the autocorrelation of Fine Besteel returns to help us make a trade decision. For example, suppose you find that Fine Besteel 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 |
Fine Besteel 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 Fine Besteel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fine Besteel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fine Besteel stock over time.
Current vs Lagged Prices |
| Timeline |
Fine Besteel Lagged Returns
When evaluating Fine Besteel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fine Besteel stock have on its future price. Fine Besteel 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, Fine Besteel autocorrelation shows the relationship between Fine Besteel stock current value and its past values and can show if there is a momentum factor associated with investing in Fine Besteel Co.
Regressed Prices |
| Timeline |
Pair Trading with Fine Besteel
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 Fine Besteel 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 Fine Besteel will appreciate offsetting losses from the drop in the long position's value.Moving together with Fine Stock
Moving against Fine Stock
| 0.66 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.45 | 179900 | UTI Inc | PairCorr |
| 0.32 | 060380 | Dongyang STec CoLtd | PairCorr |
The ability to find closely correlated positions to Fine Besteel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fine Besteel 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 Fine Besteel - 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 Fine Besteel Co to buy it.
The correlation of Fine Besteel 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 Fine Besteel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fine Besteel 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 Fine Besteel 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 Fine Stock
Fine Besteel financial ratios help investors to determine whether Fine 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 Fine with respect to the benefits of owning Fine Besteel security.