KCC (Korea) Market Value
| 002380 Stock | 236,000 2,500 1.07% |
| Symbol | KCC |
KCC '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 KCC'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 KCC.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in KCC on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding KCC Corporation or generate 0.0% return on investment in KCC over 30 days. KCC is related to or competes with Hansol Homedeco, LG Electronics, Hyunwoo Industrial, Sangshin Electronics, Eagon Industrial, Okins Electronics, and KyungIn Electronics. More
KCC 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 KCC'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 KCC Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 12.92 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 3.11 |
KCC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KCC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KCC's standard deviation. In reality, there are many statistical measures that can use KCC historical prices to predict the future KCC's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 0.8788 |
KCC Corporation Backtested Returns
KCC Corporation retains Efficiency (Sharpe Ratio) of -0.14, which conveys that the company had a -0.14% return per unit of return volatility over the last 3 months. KCC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KCC's Market Risk Adjusted Performance of 0.8888, standard deviation of 2.16, and Mean Deviation of 1.54 to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KCC are expected to decrease at a much lower rate. During the bear market, KCC is likely to outperform the market. At this point, KCC Corporation has a negative expected return of -0.32%. Please make sure to verify KCC's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if KCC Corporation performance from the past will be repeated in the future.
Auto-correlation | 0.07 |
Virtually no predictability
KCC Corporation has virtually no predictability. Overlapping area represents the amount of predictability between KCC time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 KCC Corporation price movement. The serial correlation of 0.07 indicates that barely 7.0% of current KCC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 17.1 M |
KCC Corporation lagged returns against current returns
Autocorrelation, which is KCC 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 KCC's stock expected returns. We can calculate the autocorrelation of KCC returns to help us make a trade decision. For example, suppose you find that KCC 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 |
KCC 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 KCC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KCC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KCC stock over time.
Current vs Lagged Prices |
| Timeline |
KCC Lagged Returns
When evaluating KCC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KCC stock have on its future price. KCC 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, KCC autocorrelation shows the relationship between KCC stock current value and its past values and can show if there is a momentum factor associated with investing in KCC Corporation.
Regressed Prices |
| Timeline |
Pair Trading with KCC
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 KCC 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 KCC will appreciate offsetting losses from the drop in the long position's value.Moving together with KCC Stock
Moving against KCC Stock
The ability to find closely correlated positions to KCC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KCC 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 KCC - 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 KCC Corporation to buy it.
The correlation of KCC 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 KCC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KCC Corporation 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 KCC 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 KCC Stock
KCC financial ratios help investors to determine whether KCC 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 KCC with respect to the benefits of owning KCC security.