Gyeongnam Steel (Korea) Market Value
| 039240 Stock | KRW 3,205 40.00 1.23% |
| Symbol | Gyeongnam |
Gyeongnam Steel '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 Gyeongnam Steel'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 Gyeongnam Steel.
| 06/08/2022 |
| 04/28/2024 |
If you would invest 0.00 in Gyeongnam Steel on June 8, 2022 and sell it all today you would earn a total of 0.00 from holding Gyeongnam Steel Co or generate 0.0% return on investment in Gyeongnam Steel over 690 days. Gyeongnam Steel is related to or competes with Keum Kang, and Wonil Special. Gyeongnam Steel Co., Ltd manufactures and sells steel products in South Korea More
Gyeongnam Steel 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 Gyeongnam Steel'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 Gyeongnam Steel Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.79 |
Gyeongnam Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gyeongnam Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gyeongnam Steel's standard deviation. In reality, there are many statistical measures that can use Gyeongnam Steel historical prices to predict the future Gyeongnam Steel's volatility.| Risk Adjusted Performance | 0.0368 | |||
| Jensen Alpha | 0.0914 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gyeongnam Steel'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.
Gyeongnam Steel Backtested Returns
We consider Gyeongnam Steel very steady. Gyeongnam Steel holds Efficiency (Sharpe) Ratio of 0.0678, which attests that the entity had a 0.0678% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gyeongnam Steel, which you can use to evaluate the volatility of the firm. Please check out Gyeongnam Steel's Risk Adjusted Performance of 0.0368, market risk adjusted performance of (0.27), and Downside Deviation of 1.83 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Gyeongnam Steel has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gyeongnam Steel are expected to decrease at a much lower rate. During the bear market, Gyeongnam Steel is likely to outperform the market. Gyeongnam Steel right now retains a risk of 1.71%. Please check out Gyeongnam Steel downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Gyeongnam Steel will be following its current trending patterns.
Auto-correlation | -0.07 |
Very weak reverse predictability
Gyeongnam Steel Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Gyeongnam Steel time series from 8th of June 2022 to 19th of May 2023 and 19th of May 2023 to 28th of April 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 Gyeongnam Steel price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Gyeongnam Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 17.2 K |
Gyeongnam Steel lagged returns against current returns
Autocorrelation, which is Gyeongnam Steel 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 Gyeongnam Steel's stock expected returns. We can calculate the autocorrelation of Gyeongnam Steel returns to help us make a trade decision. For example, suppose you find that Gyeongnam Steel 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 |
Gyeongnam Steel 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 Gyeongnam Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gyeongnam Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gyeongnam Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Gyeongnam Steel Lagged Returns
When evaluating Gyeongnam Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gyeongnam Steel stock have on its future price. Gyeongnam Steel 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, Gyeongnam Steel autocorrelation shows the relationship between Gyeongnam Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Gyeongnam Steel Co.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gyeongnam Steel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gyeongnam Steel's short interest history, or implied volatility extrapolated from Gyeongnam Steel options trading.
Thematic Opportunities
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Check out Gyeongnam Steel Correlation, Gyeongnam Steel Volatility and Gyeongnam Steel Alpha and Beta module to complement your research on Gyeongnam Steel. Note that the Gyeongnam Steel information on this page should be used as a complementary analysis to other Gyeongnam Steel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Gyeongnam Stock analysis
When running Gyeongnam Steel's price analysis, check to measure Gyeongnam Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gyeongnam Steel is operating at the current time. Most of Gyeongnam Steel's value examination focuses on studying past and present price action to predict the probability of Gyeongnam Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gyeongnam Steel's price. Additionally, you may evaluate how the addition of Gyeongnam Steel to your portfolios can decrease your overall portfolio volatility.
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Gyeongnam Steel 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.