Magnachip Semiconductor (Germany) Market Value
| SMG Stock | EUR 4.56 0.08 1.79% |
| Symbol | Magnachip |
Magnachip 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 Magnachip 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 Magnachip Semiconductor.
| 03/10/2023 |
| 02/27/2025 |
If you would invest 0.00 in Magnachip Semiconductor on March 10, 2023 and sell it all today you would earn a total of 0.00 from holding Magnachip Semiconductor or generate 0.0% return on investment in Magnachip Semiconductor over 720 days. Magnachip Semiconductor is related to or competes with EMBARK EDUCATION, TAL Education, METHODE ELECTRONICS, Methode Electronics, EEDUCATION ALBERT, Perdoceo Education, and Laureate Education. MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-s... More
Magnachip 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 Magnachip 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 Magnachip Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.1703 | |||
| Maximum Drawdown | 21.51 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 6.06 |
Magnachip Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magnachip Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magnachip Semiconductor's standard deviation. In reality, there are many statistical measures that can use Magnachip Semiconductor historical prices to predict the future Magnachip Semiconductor's volatility.| Risk Adjusted Performance | 0.1339 | |||
| Jensen Alpha | 0.5608 | |||
| Total Risk Alpha | 0.5915 | |||
| Sortino Ratio | 0.2202 | |||
| Treynor Ratio | (2.82) |
Magnachip Semiconductor Backtested Returns
Magnachip Semiconductor appears to be relatively risky, given 3 months investment horizon. Magnachip Semiconductor has Sharpe Ratio of 0.099, which conveys that the firm had a 0.099 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Magnachip Semiconductor, which you can use to evaluate the volatility of the firm. Please exercise Magnachip Semiconductor's Risk Adjusted Performance of 0.1339, downside deviation of 2.58, and Mean Deviation of 2.24 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magnachip Semiconductor holds a performance score of 7. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Magnachip Semiconductor are expected to decrease at a much lower rate. During the bear market, Magnachip Semiconductor is likely to outperform the market. Please check Magnachip Semiconductor's standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether Magnachip Semiconductor's current price movements will revert.
Auto-correlation | 0.59 |
Modest predictability
Magnachip Semiconductor has modest predictability. Overlapping area represents the amount of predictability between Magnachip Semiconductor time series from 10th of March 2023 to 4th of March 2024 and 4th of March 2024 to 27th of February 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 Magnachip Semiconductor price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Magnachip Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Magnachip Semiconductor lagged returns against current returns
Autocorrelation, which is Magnachip 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 Magnachip Semiconductor's stock expected returns. We can calculate the autocorrelation of Magnachip Semiconductor returns to help us make a trade decision. For example, suppose you find that Magnachip 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 |
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Magnachip 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 Magnachip Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magnachip Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magnachip Semiconductor stock over time.
Current vs Lagged Prices |
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Magnachip Semiconductor Lagged Returns
When evaluating Magnachip Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magnachip Semiconductor stock have on its future price. Magnachip 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, Magnachip Semiconductor autocorrelation shows the relationship between Magnachip Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Magnachip Semiconductor.
Regressed Prices |
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Additional Information and Resources on Investing in Magnachip Stock
When determining whether Magnachip Semiconductor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magnachip Semiconductor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magnachip Semiconductor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magnachip Semiconductor Stock:Check out Magnachip Semiconductor Correlation, Magnachip Semiconductor Volatility and Magnachip Semiconductor Alpha and Beta module to complement your research on Magnachip Semiconductor. For more detail on how to invest in Magnachip Stock please use our How to Invest in Magnachip Semiconductor guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Magnachip Semiconductor technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.