Sukgyung (Korea) Market Value
| 357550 Stock | KRW 39,750 200.00 0.51% |
| Symbol | Sukgyung |
Sukgyung '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 Sukgyung'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 Sukgyung.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Sukgyung on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Sukgyung AT Co or generate 0.0% return on investment in Sukgyung over 540 days. Sukgyung is related to or competes with LG Chem, Chunbo, Hyosung Chemical, LIG ES, and Youngchang Chemical. Sukgyung AT Co., Ltd. develops and manufactures inorganic powders in fine and dispersion forms in South Korea More
Sukgyung 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 Sukgyung'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 Sukgyung AT Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 9.31 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 3.25 |
Sukgyung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sukgyung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sukgyung's standard deviation. In reality, there are many statistical measures that can use Sukgyung historical prices to predict the future Sukgyung's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (6.31) |
Sukgyung AT Backtested Returns
Sukgyung AT owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Sukgyung AT Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sukgyung's Variance of 2.66, coefficient of variation of (657.84), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.0409, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sukgyung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sukgyung is expected to be smaller as well. At this point, Sukgyung AT has a negative expected return of -0.23%. Please make sure to validate Sukgyung's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Sukgyung AT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Sukgyung AT Co has below average predictability. Overlapping area represents the amount of predictability between Sukgyung time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Sukgyung AT price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Sukgyung price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 54.7 M |
Sukgyung AT lagged returns against current returns
Autocorrelation, which is Sukgyung 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 Sukgyung's stock expected returns. We can calculate the autocorrelation of Sukgyung returns to help us make a trade decision. For example, suppose you find that Sukgyung 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 |
Sukgyung 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 Sukgyung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sukgyung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sukgyung stock over time.
Current vs Lagged Prices |
| Timeline |
Sukgyung Lagged Returns
When evaluating Sukgyung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sukgyung stock have on its future price. Sukgyung 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, Sukgyung autocorrelation shows the relationship between Sukgyung stock current value and its past values and can show if there is a momentum factor associated with investing in Sukgyung AT Co.
Regressed Prices |
| Timeline |
Pair Trading with Sukgyung
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 Sukgyung 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 Sukgyung will appreciate offsetting losses from the drop in the long position's value.Moving together with Sukgyung Stock
| 0.88 | 278280 | Chunbo | PairCorr |
| 0.65 | 213420 | DukSan Neolux CoLtd | PairCorr |
| 0.9 | 298000 | Hyosung Chemical Corp | PairCorr |
| 0.88 | 220260 | LIG ES SPAC | PairCorr |
Moving against Sukgyung Stock
| 0.61 | 032830 | Samsung Life | PairCorr |
| 0.52 | 105560 | KB Financial Group | PairCorr |
| 0.46 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Sukgyung could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sukgyung 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 Sukgyung - 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 Sukgyung AT Co to buy it.
The correlation of Sukgyung 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 Sukgyung moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sukgyung AT 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 Sukgyung 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 Sukgyung Stock
Sukgyung financial ratios help investors to determine whether Sukgyung 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 Sukgyung with respect to the benefits of owning Sukgyung security.