Ssangyong Information (Korea) Market Value
| 010280 Stock | 698.00 2.00 0.29% |
| Symbol | Ssangyong |
Ssangyong Information '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 Ssangyong Information'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 Ssangyong Information.
| 05/11/2024 |
| 06/10/2024 |
If you would invest 0.00 in Ssangyong Information on May 11, 2024 and sell it all today you would earn a total of 0.00 from holding Ssangyong Information Communication or generate 0.0% return on investment in Ssangyong Information over 30 days. Ssangyong Information is related to or competes with Wave Electronics, TJ Media, Samji Electronics, Nasmedia, FNC Entertainment, LG Electronics, and KyungIn Electronics. More
Ssangyong Information 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 Ssangyong Information'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 Ssangyong Information Communication upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 9.26 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.58 |
Ssangyong Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ssangyong Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ssangyong Information's standard deviation. In reality, there are many statistical measures that can use Ssangyong Information historical prices to predict the future Ssangyong Information's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (2.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ssangyong Information's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ssangyong Information Backtested Returns
Ssangyong Information owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.28, which indicates the firm had a -0.28% return per unit of risk over the last 3 months. Ssangyong Information Communication exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ssangyong Information's Coefficient Of Variation of (352.02), risk adjusted performance of (0.17), and Variance of 2.34 to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ssangyong Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ssangyong Information is expected to be smaller as well. At this point, Ssangyong Information has a negative expected return of -0.43%. Please make sure to validate Ssangyong Information'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 Ssangyong Information performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Ssangyong Information Communication has good predictability. Overlapping area represents the amount of predictability between Ssangyong Information time series from 11th of May 2024 to 26th of May 2024 and 26th of May 2024 to 10th of June 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 Ssangyong Information price movement. The serial correlation of 0.67 indicates that around 67.0% of current Ssangyong Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 28.09 |
Ssangyong Information lagged returns against current returns
Autocorrelation, which is Ssangyong Information 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 Ssangyong Information's stock expected returns. We can calculate the autocorrelation of Ssangyong Information returns to help us make a trade decision. For example, suppose you find that Ssangyong Information 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 |
Ssangyong Information 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 Ssangyong Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ssangyong Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ssangyong Information stock over time.
Current vs Lagged Prices |
| Timeline |
Ssangyong Information Lagged Returns
When evaluating Ssangyong Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ssangyong Information stock have on its future price. Ssangyong Information 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, Ssangyong Information autocorrelation shows the relationship between Ssangyong Information stock current value and its past values and can show if there is a momentum factor associated with investing in Ssangyong Information Communication.
Regressed Prices |
| Timeline |
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Ssangyong Information financial ratios help investors to determine whether Ssangyong 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 Ssangyong with respect to the benefits of owning Ssangyong Information security.