T3 Entertainment (Korea) Market Value
| 204610 Stock | 1,452 8.00 0.55% |
| Symbol | 204610 |
Please note, there is a significant difference between T3 Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if T3 Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, T3 Entertainment'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.
T3 Entertainment '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 T3 Entertainment'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 T3 Entertainment.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in T3 Entertainment on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding T3 Entertainment Co or generate 0.0% return on investment in T3 Entertainment over 540 days. T3 Entertainment is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
T3 Entertainment 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 T3 Entertainment'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 T3 Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.0994 | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 4.36 |
T3 Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for T3 Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as T3 Entertainment's standard deviation. In reality, there are many statistical measures that can use T3 Entertainment historical prices to predict the future T3 Entertainment's volatility.| Risk Adjusted Performance | 0.1227 | |||
| Jensen Alpha | 0.4042 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1191 | |||
| Treynor Ratio | (0.85) |
T3 Entertainment Backtested Returns
T3 Entertainment appears to be very steady, given 3 months investment horizon. T3 Entertainment retains Efficiency (Sharpe Ratio) of 0.16, which indicates the company had a 0.16% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for T3 Entertainment, which you can use to evaluate the volatility of the entity. Please review T3 Entertainment's market risk adjusted performance of (0.84), and Standard Deviation of 2.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, T3 Entertainment holds a performance score of 12. The firm owns a Beta (Systematic Risk) of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning T3 Entertainment are expected to decrease at a much lower rate. During the bear market, T3 Entertainment is likely to outperform the market. Please check T3 Entertainment's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether T3 Entertainment's current price history will revert.
Auto-correlation | 0.17 |
Very weak predictability
T3 Entertainment Co has very weak predictability. Overlapping area represents the amount of predictability between T3 Entertainment time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 T3 Entertainment price movement. The serial correlation of 0.17 indicates that over 17.0% of current T3 Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 9768.7 |
T3 Entertainment lagged returns against current returns
Autocorrelation, which is T3 Entertainment 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 T3 Entertainment's stock expected returns. We can calculate the autocorrelation of T3 Entertainment returns to help us make a trade decision. For example, suppose you find that T3 Entertainment 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 |
T3 Entertainment 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 T3 Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if T3 Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in T3 Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
T3 Entertainment Lagged Returns
When evaluating T3 Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of T3 Entertainment stock have on its future price. T3 Entertainment 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, T3 Entertainment autocorrelation shows the relationship between T3 Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in T3 Entertainment Co.
Regressed Prices |
| Timeline |
Pair Trading with T3 Entertainment
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 T3 Entertainment 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 T3 Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against 204610 Stock
| 0.79 | 033240 | Jahwa Electron | PairCorr |
| 0.75 | 005930 | Samsung Electronics | PairCorr |
| 0.7 | 005935 | Samsung Electronics | PairCorr |
| 0.67 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.61 | 302430 | Innometry | PairCorr |
The ability to find closely correlated positions to T3 Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T3 Entertainment 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 T3 Entertainment - 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 T3 Entertainment Co to buy it.
The correlation of T3 Entertainment 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 T3 Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if T3 Entertainment 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 T3 Entertainment 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 204610 Stock
T3 Entertainment financial ratios help investors to determine whether 204610 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 204610 with respect to the benefits of owning T3 Entertainment security.