THiRA-UTECH (Korea) Market Value
| 322180 Stock | KRW 5,400 150.00 2.70% |
| Symbol | THiRA-UTECH |
THiRA-UTECH '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 THiRA-UTECH'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 THiRA-UTECH.
| 09/05/2024 |
| 03/04/2025 |
If you would invest 0.00 in THiRA-UTECH on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding THiRA UTECH LTD or generate 0.0% return on investment in THiRA-UTECH over 180 days. THiRA-UTECH is related to or competes with Tuksu Engineering, Miwon Chemicals, Dongbang Transport, KCC Engineering, Kyeryong Construction, KEPCO Engineering, and Camus Engineering. THiRA-UTECH CO., LTD. operates as a smart factory and smart logistics specialized solution provider in South Korea More
THiRA-UTECH 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 THiRA-UTECH'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 THiRA UTECH LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.0467 | |||
| Maximum Drawdown | 20.83 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 5.42 |
THiRA-UTECH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THiRA-UTECH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THiRA-UTECH's standard deviation. In reality, there are many statistical measures that can use THiRA-UTECH historical prices to predict the future THiRA-UTECH's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | 0.1315 | |||
| Total Risk Alpha | 0.3902 | |||
| Sortino Ratio | 0.0524 | |||
| Treynor Ratio | 0.2328 |
THiRA UTECH LTD Backtested Returns
At this point, THiRA-UTECH is very steady. THiRA UTECH LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0494, which indicates the firm had a 0.0494 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for THiRA UTECH LTD, which you can use to evaluate the volatility of the company. Please validate THiRA-UTECH's Risk Adjusted Performance of 0.0321, coefficient of variation of 3087.09, and Semi Deviation of 2.9 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. THiRA-UTECH has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, THiRA-UTECH's returns are expected to increase less than the market. However, during the bear market, the loss of holding THiRA-UTECH is expected to be smaller as well. THiRA UTECH LTD right now has a risk of 3.5%. Please validate THiRA-UTECH mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if THiRA-UTECH will be following its existing price patterns.
Auto-correlation | 0.45 |
Average predictability
THiRA UTECH LTD has average predictability. Overlapping area represents the amount of predictability between THiRA-UTECH time series from 5th of September 2024 to 4th of December 2024 and 4th of December 2024 to 4th 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 THiRA UTECH LTD price movement. The serial correlation of 0.45 indicates that just about 45.0% of current THiRA-UTECH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 168.9 K |
THiRA UTECH LTD lagged returns against current returns
Autocorrelation, which is THiRA-UTECH 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 THiRA-UTECH's stock expected returns. We can calculate the autocorrelation of THiRA-UTECH returns to help us make a trade decision. For example, suppose you find that THiRA-UTECH 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 |
THiRA-UTECH 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 THiRA-UTECH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THiRA-UTECH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THiRA-UTECH stock over time.
Current vs Lagged Prices |
| Timeline |
THiRA-UTECH Lagged Returns
When evaluating THiRA-UTECH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THiRA-UTECH stock have on its future price. THiRA-UTECH 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, THiRA-UTECH autocorrelation shows the relationship between THiRA-UTECH stock current value and its past values and can show if there is a momentum factor associated with investing in THiRA UTECH LTD.
Regressed Prices |
| Timeline |
Pair Trading with THiRA-UTECH
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 THiRA-UTECH 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 THiRA-UTECH will appreciate offsetting losses from the drop in the long position's value.Moving against THiRA-UTECH Stock
The ability to find closely correlated positions to THiRA-UTECH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace THiRA-UTECH 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 THiRA-UTECH - 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 THiRA UTECH LTD to buy it.
The correlation of THiRA-UTECH 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 THiRA-UTECH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if THiRA UTECH LTD 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 THiRA-UTECH 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 THiRA-UTECH Stock
THiRA-UTECH financial ratios help investors to determine whether THiRA-UTECH 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 THiRA-UTECH with respect to the benefits of owning THiRA-UTECH security.