Bookook Securities (Korea) Market Value
| 001275 Stock | 22,100 150.00 0.67% |
| Symbol | Bookook |
Bookook Securities '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 Bookook Securities' 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 Bookook Securities.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bookook Securities on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bookook Securities Co or generate 0.0% return on investment in Bookook Securities over 30 days.
Bookook Securities 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 Bookook Securities' 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 Bookook Securities Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3371 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.83 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.4608 |
Bookook Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bookook Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bookook Securities' standard deviation. In reality, there are many statistical measures that can use Bookook Securities historical prices to predict the future Bookook Securities' volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | 0.0207 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | (0.93) |
Bookook Securities Backtested Returns
At this point, Bookook Securities is out of control. Bookook Securities secures Sharpe Ratio (or Efficiency) of 0.0701, which signifies that the company had a 0.0701% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bookook Securities Co, which you can use to evaluate the volatility of the firm. Please confirm Bookook Securities' Downside Deviation of 0.3371, risk adjusted performance of 0.0519, and Mean Deviation of 0.2492 to double-check if the risk estimate we provide is consistent with the expected return of 0.0246%. Bookook Securities has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0195, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bookook Securities are expected to decrease at a much lower rate. During the bear market, Bookook Securities is likely to outperform the market. Bookook Securities right now shows a risk of 0.35%. Please confirm Bookook Securities standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Bookook Securities will be following its price patterns.
Auto-correlation | 0.40 |
Average predictability
Bookook Securities Co has average predictability. Overlapping area represents the amount of predictability between Bookook Securities time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Bookook Securities price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Bookook Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 7013.89 |
Bookook Securities lagged returns against current returns
Autocorrelation, which is Bookook Securities 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 Bookook Securities' stock expected returns. We can calculate the autocorrelation of Bookook Securities returns to help us make a trade decision. For example, suppose you find that Bookook Securities 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 |
Bookook Securities 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 Bookook Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bookook Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bookook Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Bookook Securities Lagged Returns
When evaluating Bookook Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bookook Securities stock have on its future price. Bookook Securities 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, Bookook Securities autocorrelation shows the relationship between Bookook Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Bookook Securities Co.
Regressed Prices |
| Timeline |
Pair Trading with Bookook Securities
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 Bookook Securities 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 Bookook Securities will appreciate offsetting losses from the drop in the long position's value.Moving together with Bookook Stock
Moving against Bookook Stock
| 0.76 | 005930 | Samsung Electronics | PairCorr |
| 0.75 | 005935 | Samsung Electronics | PairCorr |
| 0.58 | 006400 | Samsung SDI | PairCorr |
| 0.56 | 005385 | Hyundai Motor | PairCorr |
| 0.47 | 005387 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Bookook Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bookook Securities 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 Bookook Securities - 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 Bookook Securities Co to buy it.
The correlation of Bookook Securities 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 Bookook Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bookook Securities 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 Bookook Securities 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.