SK IE (Korea) Market Value
| 361610 Stock | 26,550 250.00 0.95% |
| Symbol | 361610 |
SK IE '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 SK IE'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 SK IE.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in SK IE on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding SK IE Technology or generate 0.0% return on investment in SK IE over 30 days. SK IE is related to or competes with Global Standard, Dongbu Insurance, Dongbang Transport, HB Technology, Eagle Veterinary, and Digital Imaging. More
SK IE 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 SK IE'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 SK IE Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.6 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 8.77 |
SK IE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SK IE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SK IE's standard deviation. In reality, there are many statistical measures that can use SK IE historical prices to predict the future SK IE's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 0.5537 |
SK IE Technology Backtested Returns
SK IE Technology retains Efficiency (Sharpe Ratio) of -0.095, which indicates the firm had a -0.095% return per unit of price deviation over the last 3 months. SK IE exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SK IE's Mean Deviation of 2.88, risk adjusted performance of (0.05), and Standard Deviation of 3.85 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SK IE are expected to decrease at a much lower rate. During the bear market, SK IE is likely to outperform the market. At this point, SK IE Technology has a negative expected return of -0.37%. Please make sure to validate SK IE's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if SK IE Technology performance from the past will be repeated sooner or later.
Auto-correlation | 0.21 |
Weak predictability
SK IE Technology has weak predictability. Overlapping area represents the amount of predictability between SK IE time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 SK IE Technology price movement. The serial correlation of 0.21 indicates that over 21.0% of current SK IE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 384.2 K |
SK IE Technology lagged returns against current returns
Autocorrelation, which is SK IE 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 SK IE's stock expected returns. We can calculate the autocorrelation of SK IE returns to help us make a trade decision. For example, suppose you find that SK IE 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 |
SK IE 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 SK IE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SK IE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SK IE stock over time.
Current vs Lagged Prices |
| Timeline |
SK IE Lagged Returns
When evaluating SK IE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SK IE stock have on its future price. SK IE 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, SK IE autocorrelation shows the relationship between SK IE stock current value and its past values and can show if there is a momentum factor associated with investing in SK IE Technology.
Regressed Prices |
| Timeline |
Pair Trading with SK IE
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 SK IE 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 SK IE will appreciate offsetting losses from the drop in the long position's value.Moving together with 361610 Stock
Moving against 361610 Stock
| 0.78 | 329180 | Hyundai Heavy Industries | PairCorr |
| 0.66 | 182360 | Cube Entertainment | PairCorr |
| 0.58 | 111710 | Namhwa Industrial | PairCorr |
The ability to find closely correlated positions to SK IE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SK IE 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 SK IE - 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 SK IE Technology to buy it.
The correlation of SK IE 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 SK IE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK IE Technology 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 SK IE 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 361610 Stock
SK IE financial ratios help investors to determine whether 361610 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 361610 with respect to the benefits of owning SK IE security.