SP Systems (Korea) Market Value
| 317830 Stock | KRW 5,030 200.00 3.82% |
| Symbol | 317830 |
SP Systems '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 SP Systems' 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 SP Systems.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in SP Systems on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding SP Systems CoLtd or generate 0.0% return on investment in SP Systems over 720 days. SP Systems is related to or competes with Rainbow Robotics, COWINTECH, CS BEARING, Young Poong, DAEMO Engineering, Seoam Machinery, and Haisung TPC. ,Ltd. develops, produces, and sells industrial gantry robots and logistics automation systems More
SP Systems 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 SP Systems' 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 SP Systems CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 12.36 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 3.02 |
SP Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SP Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Systems' standard deviation. In reality, there are many statistical measures that can use SP Systems historical prices to predict the future SP Systems' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (1.47) |
SP Systems CoLtd Backtested Returns
SP Systems CoLtd retains Efficiency (Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of price deviation over the last 3 months. SP Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SP Systems' Standard Deviation of 2.67, risk adjusted performance of (0.10), and Mean Deviation of 1.94 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SP Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding SP Systems is expected to be smaller as well. At this point, SP Systems CoLtd has a negative expected return of -0.29%. Please make sure to validate SP Systems' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if SP Systems CoLtd performance from the past will be repeated at some future date.
Auto-correlation | -0.18 |
Insignificant reverse predictability
SP Systems CoLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between SP Systems time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 SP Systems CoLtd price movement. The serial correlation of -0.18 indicates that over 18.0% of current SP Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 4.6 M |
SP Systems CoLtd lagged returns against current returns
Autocorrelation, which is SP Systems 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 SP Systems' stock expected returns. We can calculate the autocorrelation of SP Systems returns to help us make a trade decision. For example, suppose you find that SP Systems 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 |
SP Systems 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 SP Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Systems stock over time.
Current vs Lagged Prices |
| Timeline |
SP Systems Lagged Returns
When evaluating SP Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP Systems stock have on its future price. SP Systems 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, SP Systems autocorrelation shows the relationship between SP Systems stock current value and its past values and can show if there is a momentum factor associated with investing in SP Systems CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with SP Systems
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 SP Systems 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 SP Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with 317830 Stock
The ability to find closely correlated positions to SP Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SP Systems 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 SP Systems - 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 SP Systems CoLtd to buy it.
The correlation of SP Systems 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 SP Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SP Systems CoLtd 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 SP Systems 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 317830 Stock
SP Systems financial ratios help investors to determine whether 317830 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 317830 with respect to the benefits of owning SP Systems security.