QUALITAS SEMICONDUCTOR (Korea) Market Value
| 432720 Stock | 13,320 1,360 9.26% |
| Symbol | QUALITAS |
QUALITAS SEMICONDUCTOR '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 QUALITAS SEMICONDUCTOR'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 QUALITAS SEMICONDUCTOR.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in QUALITAS SEMICONDUCTOR on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding QUALITAS SEMICONDUCTOR LTD or generate 0.0% return on investment in QUALITAS SEMICONDUCTOR over 720 days.
QUALITAS SEMICONDUCTOR 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 QUALITAS SEMICONDUCTOR'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 QUALITAS SEMICONDUCTOR LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.33 | |||
| Information Ratio | 0.186 | |||
| Maximum Drawdown | 28.04 | |||
| Value At Risk | (8.54) | |||
| Potential Upside | 10.94 |
QUALITAS SEMICONDUCTOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QUALITAS SEMICONDUCTOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QUALITAS SEMICONDUCTOR's standard deviation. In reality, there are many statistical measures that can use QUALITAS SEMICONDUCTOR historical prices to predict the future QUALITAS SEMICONDUCTOR's volatility.| Risk Adjusted Performance | 0.1441 | |||
| Jensen Alpha | 1.08 | |||
| Total Risk Alpha | 1.25 | |||
| Sortino Ratio | 0.2053 | |||
| Treynor Ratio | 2.02 |
QUALITAS SEMICONDUCTOR Backtested Returns
QUALITAS SEMICONDUCTOR is very steady given 3 months investment horizon. QUALITAS SEMICONDUCTOR retains Efficiency (Sharpe Ratio) of 0.23, which implies the firm had a 0.23 % return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.4% are justified by taking the suggested risk. Use QUALITAS SEMICONDUCTOR market risk adjusted performance of 2.03, and Semi Deviation of 4.36 to evaluate company specific risk that cannot be diversified away. QUALITAS SEMICONDUCTOR holds a performance score of 17 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, QUALITAS SEMICONDUCTOR's returns are expected to increase less than the market. However, during the bear market, the loss of holding QUALITAS SEMICONDUCTOR is expected to be smaller as well. Use QUALITAS SEMICONDUCTOR market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on QUALITAS SEMICONDUCTOR.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
QUALITAS SEMICONDUCTOR LTD has almost perfect reverse predictability. Overlapping area represents the amount of predictability between QUALITAS SEMICONDUCTOR time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 QUALITAS SEMICONDUCTOR price movement. The serial correlation of -0.8 indicates that around 80.0% of current QUALITAS SEMICONDUCTOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 63 M |
QUALITAS SEMICONDUCTOR lagged returns against current returns
Autocorrelation, which is QUALITAS SEMICONDUCTOR 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 QUALITAS SEMICONDUCTOR's stock expected returns. We can calculate the autocorrelation of QUALITAS SEMICONDUCTOR returns to help us make a trade decision. For example, suppose you find that QUALITAS SEMICONDUCTOR 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 |
QUALITAS SEMICONDUCTOR 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 QUALITAS SEMICONDUCTOR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QUALITAS SEMICONDUCTOR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QUALITAS SEMICONDUCTOR stock over time.
Current vs Lagged Prices |
| Timeline |
QUALITAS SEMICONDUCTOR Lagged Returns
When evaluating QUALITAS SEMICONDUCTOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QUALITAS SEMICONDUCTOR stock have on its future price. QUALITAS SEMICONDUCTOR 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, QUALITAS SEMICONDUCTOR autocorrelation shows the relationship between QUALITAS SEMICONDUCTOR stock current value and its past values and can show if there is a momentum factor associated with investing in QUALITAS SEMICONDUCTOR LTD.
Regressed Prices |
| Timeline |
Pair Trading with QUALITAS SEMICONDUCTOR
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 QUALITAS SEMICONDUCTOR 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 QUALITAS SEMICONDUCTOR will appreciate offsetting losses from the drop in the long position's value.Moving together with QUALITAS Stock
Moving against QUALITAS Stock
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| 0.55 | 373220 | LG Energy Solution | PairCorr |
The ability to find closely correlated positions to QUALITAS SEMICONDUCTOR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QUALITAS SEMICONDUCTOR 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 QUALITAS SEMICONDUCTOR - 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 QUALITAS SEMICONDUCTOR LTD to buy it.
The correlation of QUALITAS SEMICONDUCTOR 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 QUALITAS SEMICONDUCTOR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QUALITAS SEMICONDUCTOR 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 QUALITAS SEMICONDUCTOR 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.