Atec (Korea) Market Value
| 045660 Stock | KRW 17,940 20.00 0.11% |
| Symbol | Atec |
Atec '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 Atec'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 Atec.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Atec on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Atec Co or generate 0.0% return on investment in Atec over 90 days. Atec is related to or competes with Samsung Electronics, Samsung Electronics, KB Financial, Shinhan Financial, Hyundai, Hyundai, and Hyundai. Ltd. develops technologies and products in the area of display solutions primarily in South Korea More
Atec 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 Atec'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 Atec Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.28 | |||
| Information Ratio | 0.0842 | |||
| Maximum Drawdown | 30.39 | |||
| Value At Risk | (6.39) | |||
| Potential Upside | 10.2 |
Atec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atec's standard deviation. In reality, there are many statistical measures that can use Atec historical prices to predict the future Atec's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.4298 | |||
| Total Risk Alpha | 0.1392 | |||
| Sortino Ratio | 0.0715 | |||
| Treynor Ratio | 0.3257 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atec'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.
Atec Backtested Returns
Atec appears to be very steady, given 3 months investment horizon. Atec secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing Atec's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Atec's risk adjusted performance of 0.0633, and Mean Deviation of 3.13 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Atec holds a performance score of 8. The firm shows a Beta (market volatility) of 1.49, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Atec will likely underperform. Please check Atec's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Atec's price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Atec Co has insignificant predictability. Overlapping area represents the amount of predictability between Atec time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th of May 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 Atec price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Atec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 1 M |
Atec lagged returns against current returns
Autocorrelation, which is Atec 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 Atec's stock expected returns. We can calculate the autocorrelation of Atec returns to help us make a trade decision. For example, suppose you find that Atec 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 |
Atec 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 Atec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atec stock over time.
Current vs Lagged Prices |
| Timeline |
Atec Lagged Returns
When evaluating Atec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atec stock have on its future price. Atec 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, Atec autocorrelation shows the relationship between Atec stock current value and its past values and can show if there is a momentum factor associated with investing in Atec Co.
Regressed Prices |
| Timeline |
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Complementary Tools for Atec Stock analysis
When running Atec's price analysis, check to measure Atec'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 Atec is operating at the current time. Most of Atec's value examination focuses on studying past and present price action to predict the probability of Atec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atec's price. Additionally, you may evaluate how the addition of Atec to your portfolios can decrease your overall portfolio volatility.
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Atec 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.