PNC Technologies (Korea) Market Value
| 237750 Stock | KRW 3,915 270.00 7.41% |
| Symbol | PNC |
PNC Technologies '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 PNC Technologies' 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 PNC Technologies.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in PNC Technologies on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding PNC Technologies co or generate 0.0% return on investment in PNC Technologies over 360 days. PNC Technologies is related to or competes with Daejoo Electronic, Interflex, Busan Industrial, Sam Chun, Humax, Finebesteel, and Shinhan Inverse. PNC Technologies Co., Ltd manufactures and sells digital power equipment to electrical power industries in Korea and int... More
PNC Technologies 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 PNC Technologies' 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 PNC Technologies co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 10.77 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.06 |
PNC Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PNC Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PNC Technologies' standard deviation. In reality, there are many statistical measures that can use PNC Technologies historical prices to predict the future PNC Technologies' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (1.33) |
PNC Technologies Backtested Returns
PNC Technologies retains Efficiency (Sharpe Ratio) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. PNC Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PNC Technologies' coefficient of variation of (796.26), and Market Risk Adjusted Performance of (1.32) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, PNC Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding PNC Technologies is expected to be smaller as well. At this point, PNC Technologies has a negative expected return of -0.26%. Please make sure to check PNC Technologies' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if PNC Technologies performance from the past will be repeated at future time.
Auto-correlation | -0.42 |
Modest reverse predictability
PNC Technologies co has modest reverse predictability. Overlapping area represents the amount of predictability between PNC Technologies time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th of December 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 PNC Technologies price movement. The serial correlation of -0.42 indicates that just about 42.0% of current PNC Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 482.5 K |
PNC Technologies lagged returns against current returns
Autocorrelation, which is PNC Technologies 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 PNC Technologies' stock expected returns. We can calculate the autocorrelation of PNC Technologies returns to help us make a trade decision. For example, suppose you find that PNC Technologies 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 |
PNC Technologies 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 PNC Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PNC Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PNC Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
PNC Technologies Lagged Returns
When evaluating PNC Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PNC Technologies stock have on its future price. PNC Technologies 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, PNC Technologies autocorrelation shows the relationship between PNC Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in PNC Technologies co.
Regressed Prices |
| Timeline |
Pair Trading with PNC Technologies
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 PNC Technologies 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 PNC Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with PNC Stock
Moving against PNC Stock
The ability to find closely correlated positions to PNC Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PNC Technologies 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 PNC Technologies - 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 PNC Technologies co to buy it.
The correlation of PNC Technologies 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 PNC Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PNC Technologies 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 PNC Technologies 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 PNC Stock
PNC Technologies financial ratios help investors to determine whether PNC 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 PNC with respect to the benefits of owning PNC Technologies security.