PI Advanced (Korea) Market Value

178920 Stock  KRW 17,990  590.00  3.18%   
PI Advanced's market value is the price at which a share of PI Advanced trades on a public exchange. It measures the collective expectations of PI Advanced Materials investors about its performance. PI Advanced is trading at 17990.00 as of the 16th of March 2025, a 3.18 percent decrease since the beginning of the trading day. The stock's open price was 18580.0.
With this module, you can estimate the performance of a buy and hold strategy of PI Advanced Materials and determine expected loss or profit from investing in PI Advanced over a given investment horizon. Check out PI Advanced Correlation, PI Advanced Volatility and PI Advanced Alpha and Beta module to complement your research on PI Advanced.
Symbol

Please note, there is a significant difference between PI Advanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if PI Advanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PI Advanced's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

PI Advanced '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 PI Advanced'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 PI Advanced.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in PI Advanced on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding PI Advanced Materials or generate 0.0% return on investment in PI Advanced over 90 days. PI Advanced is related to or competes with Hana Materials, SCI Information, Hyundai Engineering, Phoenix Materials, Daou Data, and Insung Information. SKCKOLONPI, Inc. engages in the manufacture and sale of polyimide films in South Korea More

PI Advanced 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 PI Advanced'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 PI Advanced Materials upside and downside potential and time the market with a certain degree of confidence.

PI Advanced Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PI Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PI Advanced's standard deviation. In reality, there are many statistical measures that can use PI Advanced historical prices to predict the future PI Advanced's volatility.
Hype
Prediction
LowEstimatedHigh
17,98717,99017,993
Details
Intrinsic
Valuation
LowRealHigh
15,64815,65119,789
Details
Naive
Forecast
LowNextHigh
18,04418,04818,051
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15,95318,48221,011
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PI Advanced. Your research has to be compared to or analyzed against PI Advanced's peers to derive any actionable benefits. When done correctly, PI Advanced's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PI Advanced Materials.

PI Advanced Materials Backtested Returns

PI Advanced appears to be very steady, given 3 months investment horizon. PI Advanced Materials retains Efficiency (Sharpe Ratio) of 0.0623, which implies the firm had a 0.0623 % return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for PI Advanced, which you can use to evaluate the volatility of the company. Please evaluate PI Advanced's standard deviation of 3.3, and Market Risk Adjusted Performance of 0.6041 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PI Advanced holds a performance score of 4. The company owns a Beta (Systematic Risk) of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PI Advanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding PI Advanced is expected to be smaller as well. Please check PI Advanced's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether PI Advanced's current price history will revert.

Auto-correlation

    
  0.12  

Insignificant predictability

PI Advanced Materials has insignificant predictability. Overlapping area represents the amount of predictability between PI Advanced time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 PI Advanced Materials price movement. The serial correlation of 0.12 indicates that less than 12.0% of current PI Advanced price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test0.0
Residual Average0.0
Price VarianceM

PI Advanced Materials lagged returns against current returns

Autocorrelation, which is PI Advanced 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 PI Advanced's stock expected returns. We can calculate the autocorrelation of PI Advanced returns to help us make a trade decision. For example, suppose you find that PI Advanced 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  

PI Advanced 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 PI Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PI Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PI Advanced stock over time.
   Current vs Lagged Prices   
       Timeline  

PI Advanced Lagged Returns

When evaluating PI Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PI Advanced stock have on its future price. PI Advanced 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, PI Advanced autocorrelation shows the relationship between PI Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in PI Advanced Materials.
   Regressed Prices   
       Timeline  

Pair Trading with PI Advanced

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 PI Advanced 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 PI Advanced will appreciate offsetting losses from the drop in the long position's value.

Moving together with 178920 Stock

  0.64005935 Samsung ElectronicsPairCorr
  0.74005930 Samsung ElectronicsPairCorr

Moving against 178920 Stock

  0.47051915 LG ChemPairCorr
  0.37105560 KB Financial GroupPairCorr
  0.37005380 Hyundai MotorPairCorr
  0.34006400 Samsung SDIPairCorr
The ability to find closely correlated positions to PI Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PI Advanced 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 PI Advanced - 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 PI Advanced Materials to buy it.
The correlation of PI Advanced 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 PI Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PI Advanced Materials 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 PI Advanced 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in 178920 Stock

PI Advanced financial ratios help investors to determine whether 178920 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 178920 with respect to the benefits of owning PI Advanced security.