TS Investment (Korea) Market Value
| 246690 Stock | 892.00 13.00 1.44% |
| Symbol | 246690 |
Please note, there is a significant difference between TS Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if TS Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TS Investment'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.
TS Investment '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 TS Investment'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 TS Investment.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in TS Investment on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding TS Investment Corp or generate 0.0% return on investment in TS Investment over 30 days. TS Investment is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
TS Investment 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 TS Investment'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 TS Investment Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 11.61 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 1.23 |
TS Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TS Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TS Investment's standard deviation. In reality, there are many statistical measures that can use TS Investment historical prices to predict the future TS Investment's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.94) |
TS Investment Corp Backtested Returns
TS Investment Corp retains Efficiency (Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of price deviation over the last 3 months. TS Investment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TS Investment's Standard Deviation of 1.5, risk adjusted performance of (0.15), and Mean Deviation of 0.9578 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TS Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding TS Investment is expected to be smaller as well. At this point, TS Investment Corp has a negative expected return of -0.31%. Please make sure to validate TS Investment's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if TS Investment Corp performance from the past will be repeated at some future date.
Auto-correlation | -0.48 |
Modest reverse predictability
TS Investment Corp has modest reverse predictability. Overlapping area represents the amount of predictability between TS Investment time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 TS Investment Corp price movement. The serial correlation of -0.48 indicates that about 48.0% of current TS Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 140.41 |
TS Investment Corp lagged returns against current returns
Autocorrelation, which is TS Investment 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 TS Investment's stock expected returns. We can calculate the autocorrelation of TS Investment returns to help us make a trade decision. For example, suppose you find that TS Investment 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 |
TS Investment 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 TS Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TS Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TS Investment stock over time.
Current vs Lagged Prices |
| Timeline |
TS Investment Lagged Returns
When evaluating TS Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TS Investment stock have on its future price. TS Investment 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, TS Investment autocorrelation shows the relationship between TS Investment stock current value and its past values and can show if there is a momentum factor associated with investing in TS Investment Corp.
Regressed Prices |
| Timeline |
Pair Trading with TS Investment
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 TS Investment 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 TS Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with 246690 Stock
Moving against 246690 Stock
The ability to find closely correlated positions to TS Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TS Investment 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 TS Investment - 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 TS Investment Corp to buy it.
The correlation of TS Investment 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 TS Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TS Investment Corp 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 TS Investment 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 246690 Stock
TS Investment financial ratios help investors to determine whether 246690 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 246690 with respect to the benefits of owning TS Investment security.