Elentec Co (Korea) Market Value
| 054210 Stock | KRW 7,990 50.00 0.63% |
| Symbol | Elentec |
Elentec Co '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 Co'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 Co.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Elentec Co on April 6, 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 Co over 30 days. Elentec Co is related to or competes with Korea New, ICD Co, and Busan Industrial. Elentec Co., Ltd. manufactures and sells electronic and communication products in South Korea and internationally More
Elentec Co 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 Co'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 | (0.29) | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.93 |
Elentec Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elentec Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elentec Co's standard deviation. In reality, there are many statistical measures that can use Elentec Co historical prices to predict the future Elentec Co's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.31 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elentec Co'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 Co Backtested Returns
Elentec Co secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Elentec Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elentec Co's Standard Deviation of 1.33, mean deviation of 0.986, and Variance of 1.76 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elentec Co are expected to decrease at a much lower rate. During the bear market, Elentec Co is likely to outperform the market. Elentec Co has an expected return of -0.22%. Please make sure to confirm Elentec Co standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Elentec Co performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Elentec Co has good reverse predictability. Overlapping area represents the amount of predictability between Elentec Co time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th 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 Co price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Elentec Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 27.8 K |
Elentec Co lagged returns against current returns
Autocorrelation, which is Elentec Co 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 Co's stock expected returns. We can calculate the autocorrelation of Elentec Co returns to help us make a trade decision. For example, suppose you find that Elentec Co 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 Co 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 Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elentec Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elentec Co stock over time.
Current vs Lagged Prices |
| Timeline |
Elentec Co Lagged Returns
When evaluating Elentec Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elentec Co stock have on its future price. Elentec Co 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 Co autocorrelation shows the relationship between Elentec Co 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 Co Correlation, Elentec Co Volatility and Elentec Co Alpha and Beta module to complement your research on Elentec Co. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Elentec Stock analysis
When running Elentec Co's price analysis, check to measure Elentec Co'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 Co is operating at the current time. Most of Elentec Co's value examination focuses on studying past and present price action to predict the probability of Elentec Co'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 Co's price. Additionally, you may evaluate how the addition of Elentec Co to your portfolios can decrease your overall portfolio volatility.
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Elentec Co 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.