Elentec (Korea) Market Value
| 054210 Stock | KRW 7,870 100.00 1.29% |
| Symbol | Elentec |
Elentec '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 Elentec'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 Elentec.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Elentec on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Elentec Co or generate 0.0% return on investment in Elentec over 30 days. Elentec is related to or competes with Jb Financial, Nh Investment, SK Chemicals, and DB Financial. Elentec Co., Ltd. manufactures and sells electronic and communication products in South Korea and internationally More
Elentec 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 Elentec'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 Elentec Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 1.93 |
Elentec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elentec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elentec's standard deviation. In reality, there are many statistical measures that can use Elentec historical prices to predict the future Elentec's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (8.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elentec'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.
Elentec Backtested Returns
Elentec secures Sharpe Ratio (or Efficiency) of -0.23, which denotes the company had a -0.23% return per unit of risk over the last 3 months. Elentec Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elentec's Standard Deviation of 1.36, variance of 1.86, and Mean Deviation of 1.01 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0441, which means not very significant fluctuations relative to the market. As returns on the market increase, Elentec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elentec is expected to be smaller as well. Elentec has an expected return of -0.29%. Please make sure to confirm Elentec mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Elentec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Elentec Co has virtually no predictability. Overlapping area represents the amount of predictability between Elentec time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd 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 Elentec price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Elentec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 17.1 K |
Elentec lagged returns against current returns
Autocorrelation, which is Elentec 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 Elentec's stock expected returns. We can calculate the autocorrelation of Elentec returns to help us make a trade decision. For example, suppose you find that Elentec 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 |
Elentec 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 Elentec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elentec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elentec stock over time.
Current vs Lagged Prices |
| Timeline |
Elentec Lagged Returns
When evaluating Elentec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elentec stock have on its future price. Elentec 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, Elentec autocorrelation shows the relationship between Elentec stock current value and its past values and can show if there is a momentum factor associated with investing in Elentec Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Elentec Correlation, Elentec Volatility and Elentec Alpha and Beta module to complement your research on Elentec. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Elentec Stock analysis
When running Elentec's price analysis, check to measure Elentec'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 Elentec is operating at the current time. Most of Elentec's value examination focuses on studying past and present price action to predict the probability of Elentec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elentec's price. Additionally, you may evaluate how the addition of Elentec to your portfolios can decrease your overall portfolio volatility.
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Elentec 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.