PH Tech (Korea) Market Value
| 239890 Stock | 6,720 50.00 0.75% |
| Symbol | 239890 |
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.
| 12/15/2024 |
| 03/15/2025 |
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.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.37 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 5.5 |
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.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.3038 | |||
| Treynor Ratio | (0.19) |
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 market risk adjusted performance of (0.18), and Information Ratio of (0.01) 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 Coefficient | 0.01 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 244.4 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.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.