Mirai Semiconductors (Korea) Market Value

254490 Stock   12,250  290.00  2.42%   
Mirai Semiconductors' market value is the price at which a share of Mirai Semiconductors trades on a public exchange. It measures the collective expectations of Mirai Semiconductors Co investors about its performance. Mirai Semiconductors is trading at 12250.00 as of the 16th of March 2025, a 2.42% up since the beginning of the trading day. The stock's open price was 11960.0.
With this module, you can estimate the performance of a buy and hold strategy of Mirai Semiconductors Co and determine expected loss or profit from investing in Mirai Semiconductors over a given investment horizon. Check out Mirai Semiconductors Correlation, Mirai Semiconductors Volatility and Mirai Semiconductors Alpha and Beta module to complement your research on Mirai Semiconductors.
Symbol

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

Mirai Semiconductors '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 Mirai Semiconductors' 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 Mirai Semiconductors.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in Mirai Semiconductors on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mirai Semiconductors Co or generate 0.0% return on investment in Mirai Semiconductors over 90 days. Mirai Semiconductors is related to or competes with Eugene Technology, Mobase Electronics, Daejoo Electronic, Korea Electronic, Sangshin Electronics, and Anam Electronics. More

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

Mirai Semiconductors Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirai Semiconductors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirai Semiconductors' standard deviation. In reality, there are many statistical measures that can use Mirai Semiconductors historical prices to predict the future Mirai Semiconductors' volatility.
Hype
Prediction
LowEstimatedHigh
12,24612,25012,254
Details
Intrinsic
Valuation
LowRealHigh
8,8168,82013,475
Details
Naive
Forecast
LowNextHigh
12,36912,37312,376
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10,61312,24313,872
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mirai Semiconductors. Your research has to be compared to or analyzed against Mirai Semiconductors' peers to derive any actionable benefits. When done correctly, Mirai Semiconductors' 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 Mirai Semiconductors.

Mirai Semiconductors Backtested Returns

At this point, Mirai Semiconductors is very steady. Mirai Semiconductors has Sharpe Ratio of 0.0531, which conveys that the firm had a 0.0531 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mirai Semiconductors, which you can use to evaluate the volatility of the firm. Please verify Mirai Semiconductors' Risk Adjusted Performance of 0.0538, mean deviation of 2.46, and Downside Deviation of 2.96 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Mirai Semiconductors has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mirai Semiconductors are expected to decrease at a much lower rate. During the bear market, Mirai Semiconductors is likely to outperform the market. Mirai Semiconductors right now secures a risk of 3.6%. Please verify Mirai Semiconductors Co jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Mirai Semiconductors Co will be following its current price movements.

Auto-correlation

    
  -0.54  

Good reverse predictability

Mirai Semiconductors Co has good reverse predictability. Overlapping area represents the amount of predictability between Mirai Semiconductors time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Mirai Semiconductors price movement. The serial correlation of -0.54 indicates that about 54.0% of current Mirai Semiconductors price fluctuation can be explain by its past prices.
Correlation Coefficient-0.54
Spearman Rank Test-0.33
Residual Average0.0
Price Variance367.2 K

Mirai Semiconductors lagged returns against current returns

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

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

Mirai Semiconductors Lagged Returns

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

Pair Trading with Mirai Semiconductors

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 Mirai Semiconductors 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 Mirai Semiconductors will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mirai Stock

  0.82000660 SK HynixPairCorr
  0.64207940 Samsung BiologicsPairCorr

Moving against Mirai Stock

  0.54005380 Hyundai MotorPairCorr
  0.44051915 LG ChemPairCorr
  0.37006400 Samsung SDIPairCorr
  0.35051910 LG ChemicalsPairCorr
The ability to find closely correlated positions to Mirai Semiconductors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirai Semiconductors 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 Mirai Semiconductors - 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 Mirai Semiconductors Co to buy it.
The correlation of Mirai Semiconductors 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 Mirai Semiconductors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirai Semiconductors 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 Mirai Semiconductors 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 Mirai Stock

Mirai Semiconductors financial ratios help investors to determine whether Mirai 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 Mirai with respect to the benefits of owning Mirai Semiconductors security.