Bohae Brewery (Korea) Market Value
| 000890 Stock | 460.00 78.00 14.50% |
| Symbol | Bohae |
Bohae Brewery '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 Bohae Brewery'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 Bohae Brewery.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bohae Brewery on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Bohae Brewery or generate 0.0% return on investment in Bohae Brewery over 90 days. Bohae Brewery is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Bohae Brewery 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 Bohae Brewery'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 Bohae Brewery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0464 | |||
| Maximum Drawdown | 36.66 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.64 |
Bohae Brewery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bohae Brewery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bohae Brewery's standard deviation. In reality, there are many statistical measures that can use Bohae Brewery historical prices to predict the future Bohae Brewery's volatility.| Risk Adjusted Performance | 0.069 | |||
| Jensen Alpha | 0.2904 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.1091 | |||
| Treynor Ratio | 2.66 |
Bohae Brewery Backtested Returns
At this point, Bohae Brewery is very steady. Bohae Brewery secures Sharpe Ratio (or Efficiency) of 0.0296, which signifies that the company had a 0.0296% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bohae Brewery, which you can use to evaluate the volatility of the firm. Please confirm Bohae Brewery's Risk Adjusted Performance of 0.069, mean deviation of 1.49, and Downside Deviation of 1.68 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Bohae Brewery has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bohae Brewery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bohae Brewery is expected to be smaller as well. Bohae Brewery right now shows a risk of 4.63%. Please confirm Bohae Brewery market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Bohae Brewery will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Bohae Brewery has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bohae Brewery time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th of November 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 Bohae Brewery price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Bohae Brewery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 862.17 |
Bohae Brewery lagged returns against current returns
Autocorrelation, which is Bohae Brewery 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 Bohae Brewery's stock expected returns. We can calculate the autocorrelation of Bohae Brewery returns to help us make a trade decision. For example, suppose you find that Bohae Brewery 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 |
Bohae Brewery 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 Bohae Brewery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bohae Brewery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bohae Brewery stock over time.
Current vs Lagged Prices |
| Timeline |
Bohae Brewery Lagged Returns
When evaluating Bohae Brewery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bohae Brewery stock have on its future price. Bohae Brewery 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, Bohae Brewery autocorrelation shows the relationship between Bohae Brewery stock current value and its past values and can show if there is a momentum factor associated with investing in Bohae Brewery.
Regressed Prices |
| Timeline |
Pair Trading with Bohae Brewery
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 Bohae Brewery 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 Bohae Brewery will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bohae Brewery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bohae Brewery 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 Bohae Brewery - 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 Bohae Brewery to buy it.
The correlation of Bohae Brewery 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 Bohae Brewery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bohae Brewery 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 Bohae Brewery 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.Other Information on Investing in Bohae Stock
Bohae Brewery financial ratios help investors to determine whether Bohae Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bohae with respect to the benefits of owning Bohae Brewery security.