TSI Co (Korea) Market Value
| 277880 Stock | KRW 4,750 155.00 3.16% |
| Symbol | TSI |
TSI Co '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 TSI Co'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 TSI Co.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in TSI Co on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding TSI Co or generate 0.0% return on investment in TSI Co over 60 days. TSI Co is related to or competes with Dawonsys CoLtd, Elentec Co, Robostar CoLtd, HyVision System, Daebo Magnetic, Vitzro Tech, and Cheryong Electric. TSI Co., Ltd., a mixing system company, manufactures and sells rechargeable battery mixing systems in South Korea, the U... More
TSI Co 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 TSI Co'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 TSI Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 12.14 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 3.5 |
TSI Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TSI Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TSI Co's standard deviation. In reality, there are many statistical measures that can use TSI Co historical prices to predict the future TSI Co's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 1.93 |
TSI Co Backtested Returns
TSI Co owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of volatility over the last 3 months. TSI Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TSI Co's variance of 6.28, and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TSI Co are expected to decrease at a much lower rate. During the bear market, TSI Co is likely to outperform the market. At this point, TSI Co has a negative expected return of -0.51%. Please make sure to validate TSI Co's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if TSI Co performance from the past will be repeated at some future point.
Auto-correlation | 0.44 |
Average predictability
TSI Co has average predictability. Overlapping area represents the amount of predictability between TSI Co time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 TSI Co price movement. The serial correlation of 0.44 indicates that just about 44.0% of current TSI Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 66.2 K |
TSI Co lagged returns against current returns
Autocorrelation, which is TSI Co 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 TSI Co's stock expected returns. We can calculate the autocorrelation of TSI Co returns to help us make a trade decision. For example, suppose you find that TSI Co 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 |
TSI Co 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 TSI Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TSI Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TSI Co stock over time.
Current vs Lagged Prices |
| Timeline |
TSI Co Lagged Returns
When evaluating TSI Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TSI Co stock have on its future price. TSI Co 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, TSI Co autocorrelation shows the relationship between TSI Co stock current value and its past values and can show if there is a momentum factor associated with investing in TSI Co.
Regressed Prices |
| Timeline |
Pair Trading with TSI Co
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 TSI Co 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 TSI Co will appreciate offsetting losses from the drop in the long position's value.Moving together with TSI Stock
| 0.94 | 054210 | Elentec Co | PairCorr |
| 0.72 | 090360 | Robostar CoLtd | PairCorr |
| 0.98 | 290670 | Daebo Magnetic CoLtd | PairCorr |
Moving against TSI Stock
| 0.86 | 035900 | JYP Entertainment | PairCorr |
| 0.57 | 045340 | Total Soft Bank | PairCorr |
| 0.54 | 025950 | Dongsin Engineering | PairCorr |
| 0.52 | 241840 | ASTORY CoLtd | PairCorr |
| 0.44 | 050960 | SOOSAN INT | PairCorr |
The ability to find closely correlated positions to TSI Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TSI Co 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 TSI Co - 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 TSI Co to buy it.
The correlation of TSI Co 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 TSI Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TSI Co 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 TSI Co 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 TSI Stock
TSI Co financial ratios help investors to determine whether TSI 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 TSI with respect to the benefits of owning TSI Co security.