PH Tech (Korea) Market Value

239890 Stock   6,720  50.00  0.75%   
PH Tech's market value is the price at which a share of PH Tech trades on a public exchange. It measures the collective expectations of PH Tech Co investors about its performance. PH Tech is trading at 6720.00 as of the 15th of March 2025, a 0.75% up since the beginning of the trading day. The stock's open price was 6670.0.
With this module, you can estimate the performance of a buy and hold strategy of PH Tech Co and determine expected loss or profit from investing in PH Tech over a given investment horizon. Check out PH Tech Correlation, PH Tech Volatility and PH Tech Alpha and Beta module to complement your research on PH Tech.
Symbol

Please note, there is a significant difference between PH Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if PH Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PH Tech'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.

PH Tech '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 PH Tech'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 PH Tech.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in PH Tech on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding PH Tech Co or generate 0.0% return on investment in PH Tech over 90 days. PH Tech is related to or competes with Korea Shipbuilding, Korea Information, Hanmi Semiconductor, Ssangyong Information, System, LG Display, and Grand Korea. More

PH Tech 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 PH Tech'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 PH Tech Co upside and downside potential and time the market with a certain degree of confidence.

PH Tech Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PH Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PH Tech's standard deviation. In reality, there are many statistical measures that can use PH Tech historical prices to predict the future PH Tech's volatility.
Hype
Prediction
LowEstimatedHigh
6,7176,7206,723
Details
Intrinsic
Valuation
LowRealHigh
5,0375,0407,392
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PH Tech. Your research has to be compared to or analyzed against PH Tech's peers to derive any actionable benefits. When done correctly, PH Tech'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 PH Tech.

PH Tech Backtested Returns

PH Tech retains Efficiency (Sharpe Ratio) of -0.0347, which implies the firm had a -0.0347 % return per unit of price deviation over the last 3 months. PH Tech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PH Tech's information ratio of (0.01), and Market Risk Adjusted Performance of (0.18) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.69, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PH Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding PH Tech is expected to be smaller as well. At this point, PH Tech has a negative expected return of -0.1%. Please make sure to check PH Tech's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if PH Tech performance from the past will be repeated sooner or later.

Auto-correlation

    
  0.01  

Virtually no predictability

PH Tech Co has virtually no predictability. Overlapping area represents the amount of predictability between PH Tech time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 PH Tech price movement. The serial correlation of 0.01 indicates that just 1.0% of current PH Tech price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test-0.36
Residual Average0.0
Price Variance244.4 K

PH Tech lagged returns against current returns

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

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

PH Tech Lagged Returns

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

Pair Trading with PH Tech

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 PH Tech 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 PH Tech will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to PH Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PH Tech 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 PH Tech - 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 PH Tech Co to buy it.
The correlation of PH Tech 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 PH Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PH Tech 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 PH Tech 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 239890 Stock

PH Tech financial ratios help investors to determine whether 239890 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 239890 with respect to the benefits of owning PH Tech security.