SKONEC Entertainment (Korea) Market Value
| 276040 Stock | 4,395 50.00 1.15% |
| Symbol | SKONEC |
SKONEC Entertainment '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 SKONEC Entertainment'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 SKONEC Entertainment.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in SKONEC Entertainment on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding SKONEC Entertainment Co or generate 0.0% return on investment in SKONEC Entertainment over 90 days. SKONEC Entertainment is related to or competes with INtRON Biotechnology, Daewon Media, SK Chemicals, ChipsMedia, Digital Multimedia, and Taegu Broadcasting. More
SKONEC Entertainment 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 SKONEC Entertainment'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 SKONEC Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.0 | |||
| Information Ratio | 0.1453 | |||
| Maximum Drawdown | 28.56 | |||
| Value At Risk | (8.56) | |||
| Potential Upside | 9.38 |
SKONEC Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKONEC Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SKONEC Entertainment's standard deviation. In reality, there are many statistical measures that can use SKONEC Entertainment historical prices to predict the future SKONEC Entertainment's volatility.| Risk Adjusted Performance | 0.1194 | |||
| Jensen Alpha | 0.6717 | |||
| Total Risk Alpha | 1.4 | |||
| Sortino Ratio | 0.1347 | |||
| Treynor Ratio | (2.76) |
SKONEC Entertainment Backtested Returns
SKONEC Entertainment appears to be very steady, given 3 months investment horizon. SKONEC Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11 % return per unit of standard deviation over the last 3 months. By examining SKONEC Entertainment's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please review SKONEC Entertainment's coefficient of variation of 784.57, and Risk Adjusted Performance of 0.1194 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SKONEC Entertainment holds a performance score of 9. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SKONEC Entertainment are expected to decrease at a much lower rate. During the bear market, SKONEC Entertainment is likely to outperform the market. Please check SKONEC Entertainment's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether SKONEC Entertainment's existing price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
SKONEC Entertainment Co has very weak reverse predictability. Overlapping area represents the amount of predictability between SKONEC Entertainment time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 SKONEC Entertainment price movement. The serial correlation of -0.1 indicates that less than 10.0% of current SKONEC Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 136.4 K |
SKONEC Entertainment lagged returns against current returns
Autocorrelation, which is SKONEC Entertainment 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 SKONEC Entertainment's stock expected returns. We can calculate the autocorrelation of SKONEC Entertainment returns to help us make a trade decision. For example, suppose you find that SKONEC Entertainment 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 |
SKONEC Entertainment 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 SKONEC Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SKONEC Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SKONEC Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
SKONEC Entertainment Lagged Returns
When evaluating SKONEC Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SKONEC Entertainment stock have on its future price. SKONEC Entertainment 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, SKONEC Entertainment autocorrelation shows the relationship between SKONEC Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in SKONEC Entertainment Co.
Regressed Prices |
| Timeline |
Pair Trading with SKONEC Entertainment
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 SKONEC Entertainment 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 SKONEC Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against SKONEC Stock
| 0.74 | 036800 | Nice Information Tel Earnings Call Today | PairCorr |
| 0.7 | 293490 | Kakao Games Corp | PairCorr |
| 0.44 | 021080 | Atinum Investment | PairCorr |
| 0.4 | 205470 | Humasis | PairCorr |
| 0.32 | 347860 | Alchera | PairCorr |
The ability to find closely correlated positions to SKONEC Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SKONEC Entertainment 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 SKONEC Entertainment - 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 SKONEC Entertainment Co to buy it.
The correlation of SKONEC Entertainment 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 SKONEC Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SKONEC Entertainment 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 SKONEC Entertainment 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 SKONEC Stock
SKONEC Entertainment financial ratios help investors to determine whether SKONEC 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 SKONEC with respect to the benefits of owning SKONEC Entertainment security.