Samkwang Glass (Korea) Market Value
| 005090 Stock | 26,350 50.00 0.19% |
| Symbol | Samkwang |
Samkwang Glass '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 Samkwang Glass' 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 Samkwang Glass.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Samkwang Glass on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Samkwang Glass Co or generate 0.0% return on investment in Samkwang Glass over 90 days.
Samkwang Glass 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 Samkwang Glass' 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 Samkwang Glass Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0308 | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 2.11 |
Samkwang Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samkwang Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samkwang Glass' standard deviation. In reality, there are many statistical measures that can use Samkwang Glass historical prices to predict the future Samkwang Glass' volatility.| Risk Adjusted Performance | 0.1931 | |||
| Jensen Alpha | 0.218 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0315 | |||
| Treynor Ratio | 2.08 |
Samkwang Glass Backtested Returns
Samkwang Glass appears to be very steady, given 3 months investment horizon. Samkwang Glass owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Samkwang Glass Co, which you can use to evaluate the volatility of the company. Please review Samkwang Glass' Semi Deviation of 0.8694, risk adjusted performance of 0.1931, and Coefficient Of Variation of 466.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Samkwang Glass holds a performance score of 16. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samkwang Glass' returns are expected to increase less than the market. However, during the bear market, the loss of holding Samkwang Glass is expected to be smaller as well. Please check Samkwang Glass' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Samkwang Glass' existing price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Samkwang Glass Co has good predictability. Overlapping area represents the amount of predictability between Samkwang Glass time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 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 Samkwang Glass price movement. The serial correlation of 0.74 indicates that around 74.0% of current Samkwang Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 471.5 K |
Samkwang Glass lagged returns against current returns
Autocorrelation, which is Samkwang Glass 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 Samkwang Glass' stock expected returns. We can calculate the autocorrelation of Samkwang Glass returns to help us make a trade decision. For example, suppose you find that Samkwang Glass 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 |
Samkwang Glass 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 Samkwang Glass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samkwang Glass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samkwang Glass stock over time.
Current vs Lagged Prices |
| Timeline |
Samkwang Glass Lagged Returns
When evaluating Samkwang Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samkwang Glass stock have on its future price. Samkwang Glass 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, Samkwang Glass autocorrelation shows the relationship between Samkwang Glass stock current value and its past values and can show if there is a momentum factor associated with investing in Samkwang Glass Co.
Regressed Prices |
| Timeline |
Pair Trading with Samkwang Glass
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 Samkwang Glass 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 Samkwang Glass will appreciate offsetting losses from the drop in the long position's value.Moving together with Samkwang Stock
| 0.9 | 005935 | Samsung Electronics Earnings Call This Week | PairCorr |
| 0.91 | 005930 | Samsung Electronics Earnings Call This Week | PairCorr |
| 0.88 | 000660 | SK Hynix | PairCorr |
The ability to find closely correlated positions to Samkwang Glass could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samkwang Glass 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 Samkwang Glass - 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 Samkwang Glass Co to buy it.
The correlation of Samkwang Glass 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 Samkwang Glass moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samkwang Glass 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 Samkwang Glass 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.