Sangshin Electronics (Korea) Market Value

263810 Stock   2,865  5.00  0.17%   
Sangshin Electronics' market value is the price at which a share of Sangshin Electronics trades on a public exchange. It measures the collective expectations of Sangshin Electronics Co investors about its performance. Sangshin Electronics is trading at 2865.00 as of the 18th of March 2025, a 0.17% down since the beginning of the trading day. The stock's open price was 2870.0.
With this module, you can estimate the performance of a buy and hold strategy of Sangshin Electronics Co and determine expected loss or profit from investing in Sangshin Electronics over a given investment horizon. Check out Sangshin Electronics Correlation, Sangshin Electronics Volatility and Sangshin Electronics Alpha and Beta module to complement your research on Sangshin Electronics.
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Please note, there is a significant difference between Sangshin Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sangshin Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sangshin Electronics' 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.

Sangshin Electronics '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 Sangshin Electronics' 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 Sangshin Electronics.
0.00
12/18/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/18/2025
0.00
If you would invest  0.00  in Sangshin Electronics on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Sangshin Electronics Co or generate 0.0% return on investment in Sangshin Electronics over 90 days. Sangshin Electronics is related to or competes with ABCO Electronics, DB Financial, Wave Electronics, EBEST Investment, Anam Electronics, Korea Electronic, and Sangsangin Investment. More

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

Sangshin Electronics Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sangshin Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sangshin Electronics' standard deviation. In reality, there are many statistical measures that can use Sangshin Electronics historical prices to predict the future Sangshin Electronics' volatility.
Hype
Prediction
LowEstimatedHigh
2,8642,8652,866
Details
Intrinsic
Valuation
LowRealHigh
2,3922,3933,152
Details

Sangshin Electronics Backtested Returns

At this point, Sangshin Electronics is very steady. Sangshin Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0208, which indicates the firm had a 0.0208 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Sangshin Electronics Co, which you can use to evaluate the volatility of the company. Please validate Sangshin Electronics' Semi Deviation of 0.9249, risk adjusted performance of 0.0193, and Coefficient Of Variation of 4819.26 to confirm if the risk estimate we provide is consistent with the expected return of 0.0204%. Sangshin Electronics has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0039, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sangshin Electronics are expected to decrease at a much lower rate. During the bear market, Sangshin Electronics is likely to outperform the market. Sangshin Electronics right now has a risk of 0.98%. Please validate Sangshin Electronics standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sangshin Electronics will be following its existing price patterns.

Auto-correlation

    
  -0.22  

Weak reverse predictability

Sangshin Electronics Co has weak reverse predictability. Overlapping area represents the amount of predictability between Sangshin Electronics time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Sangshin Electronics price movement. The serial correlation of -0.22 indicates that over 22.0% of current Sangshin Electronics price fluctuation can be explain by its past prices.
Correlation Coefficient-0.22
Spearman Rank Test-0.22
Residual Average0.0
Price Variance3648.77

Sangshin Electronics lagged returns against current returns

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

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

Sangshin Electronics Lagged Returns

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

Pair Trading with Sangshin Electronics

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 Sangshin Electronics 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 Sangshin Electronics will appreciate offsetting losses from the drop in the long position's value.

Moving against Sangshin Stock

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The ability to find closely correlated positions to Sangshin Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sangshin Electronics 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 Sangshin Electronics - 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 Sangshin Electronics Co to buy it.
The correlation of Sangshin Electronics 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 Sangshin Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sangshin Electronics 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 Sangshin Electronics 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 Sangshin Stock

Sangshin Electronics financial ratios help investors to determine whether Sangshin 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 Sangshin with respect to the benefits of owning Sangshin Electronics security.