SIMMTECH (Korea) Market Value
| 222800 Stock | KRW 20,850 2,450 13.32% |
| Symbol | SIMMTECH |
SIMMTECH '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 SIMMTECH'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 SIMMTECH.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in SIMMTECH on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding SIMMTECH Co or generate 0.0% return on investment in SIMMTECH over 30 days. SIMMTECH is related to or competes with Cuckoo Homesys, Korea Alcohol, Hankook Furniture, Ssangyong Information, KT Submarine, Korean Reinsurance, and ECSTELECOM. More
SIMMTECH 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 SIMMTECH'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 SIMMTECH Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.1356 | |||
| Maximum Drawdown | 29.54 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 7.14 |
SIMMTECH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SIMMTECH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIMMTECH's standard deviation. In reality, there are many statistical measures that can use SIMMTECH historical prices to predict the future SIMMTECH's volatility.| Risk Adjusted Performance | 0.1103 | |||
| Jensen Alpha | 0.7111 | |||
| Total Risk Alpha | 0.6731 | |||
| Sortino Ratio | 0.2126 | |||
| Treynor Ratio | (1.15) |
SIMMTECH Backtested Returns
SIMMTECH is very steady given 3 months investment horizon. SIMMTECH owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21 % return per unit of standard deviation over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.2% are justified by taking the suggested risk. Use SIMMTECH coefficient of variation of 722.29, and Risk Adjusted Performance of 0.1103 to evaluate company specific risk that cannot be diversified away. SIMMTECH holds a performance score of 16 on a scale of zero to a hundred. The entity has a beta of -0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SIMMTECH are expected to decrease at a much lower rate. During the bear market, SIMMTECH is likely to outperform the market. Use SIMMTECH semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on SIMMTECH.
Auto-correlation | 0.83 |
Very good predictability
SIMMTECH Co has very good predictability. Overlapping area represents the amount of predictability between SIMMTECH time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 SIMMTECH price movement. The serial correlation of 0.83 indicates that around 83.0% of current SIMMTECH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 6.5 M |
SIMMTECH lagged returns against current returns
Autocorrelation, which is SIMMTECH 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 SIMMTECH's stock expected returns. We can calculate the autocorrelation of SIMMTECH returns to help us make a trade decision. For example, suppose you find that SIMMTECH 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 |
SIMMTECH 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 SIMMTECH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SIMMTECH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SIMMTECH stock over time.
Current vs Lagged Prices |
| Timeline |
SIMMTECH Lagged Returns
When evaluating SIMMTECH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SIMMTECH stock have on its future price. SIMMTECH 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, SIMMTECH autocorrelation shows the relationship between SIMMTECH stock current value and its past values and can show if there is a momentum factor associated with investing in SIMMTECH Co.
Regressed Prices |
| Timeline |
Pair Trading with SIMMTECH
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 SIMMTECH 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 SIMMTECH will appreciate offsetting losses from the drop in the long position's value.Moving together with SIMMTECH Stock
The ability to find closely correlated positions to SIMMTECH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SIMMTECH 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 SIMMTECH - 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 SIMMTECH Co to buy it.
The correlation of SIMMTECH 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 SIMMTECH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SIMMTECH 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 SIMMTECH 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 SIMMTECH Stock
SIMMTECH financial ratios help investors to determine whether SIMMTECH 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 SIMMTECH with respect to the benefits of owning SIMMTECH security.