Korea Industrial (Korea) Market Value
| 002140 Stock | 2,960 20.00 0.68% |
| Symbol | Korea |
Korea Industrial '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 Korea Industrial'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 Korea Industrial.
| 01/07/2025 |
| 02/06/2025 |
If you would invest 0.00 in Korea Industrial on January 7, 2025 and sell it all today you would earn a total of 0.00 from holding Korea Industrial Co or generate 0.0% return on investment in Korea Industrial over 30 days. Korea Industrial is related to or competes with Echomarketing CoLtd, Chorokbaem Healthcare, Dongbang Transport, Mobileleader CoLtd, Korea Information, LG Household, and LG Household. More
Korea Industrial 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 Korea Industrial'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 Korea Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.0335 | |||
| Maximum Drawdown | 16.53 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 6.73 |
Korea Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Industrial's standard deviation. In reality, there are many statistical measures that can use Korea Industrial historical prices to predict the future Korea Industrial's volatility.| Risk Adjusted Performance | 0.0403 | |||
| Jensen Alpha | 0.1123 | |||
| Total Risk Alpha | 0.0192 | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | 0.2188 |
Korea Industrial Backtested Returns
At this point, Korea Industrial is very steady. Korea Industrial has Sharpe Ratio of 0.0453, which conveys that the firm had a 0.0453 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Korea Industrial, which you can use to evaluate the volatility of the firm. Please verify Korea Industrial's Mean Deviation of 2.12, risk adjusted performance of 0.0403, and Downside Deviation of 3.04 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Korea Industrial has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Korea Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Korea Industrial is expected to be smaller as well. Korea Industrial right now secures a risk of 3.03%. Please verify Korea Industrial Co jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Korea Industrial Co will be following its current price movements.
Auto-correlation | 0.60 |
Good predictability
Korea Industrial Co has good predictability. Overlapping area represents the amount of predictability between Korea Industrial time series from 7th of January 2025 to 22nd of January 2025 and 22nd of January 2025 to 6th of February 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 Korea Industrial price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Korea Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 8443.36 |
Korea Industrial lagged returns against current returns
Autocorrelation, which is Korea Industrial 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 Korea Industrial's stock expected returns. We can calculate the autocorrelation of Korea Industrial returns to help us make a trade decision. For example, suppose you find that Korea Industrial 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 |
Korea Industrial 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 Korea Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Korea Industrial Lagged Returns
When evaluating Korea Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Industrial stock have on its future price. Korea Industrial 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, Korea Industrial autocorrelation shows the relationship between Korea Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Industrial Co.
Regressed Prices |
| Timeline |
Pair Trading with Korea Industrial
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 Korea Industrial 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 Korea Industrial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Korea Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Industrial 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 Korea Industrial - 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 Korea Industrial Co to buy it.
The correlation of Korea Industrial 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 Korea Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Industrial 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 Korea Industrial 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 Korea Stock
Korea Industrial financial ratios help investors to determine whether Korea 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 Korea with respect to the benefits of owning Korea Industrial security.