Bukwang Pharm (Korea) Market Value
| 003000 Stock | 4,860 215.00 4.63% |
| Symbol | Bukwang |
Bukwang Pharm '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 Bukwang Pharm'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 Bukwang Pharm.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Bukwang Pharm on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bukwang Pharm or generate 0.0% return on investment in Bukwang Pharm over 30 days. Bukwang Pharm is related to or competes with Dongil Metal, Sung Bo, PJ Metal, Hankukpackage, Daiyang Metal, Miwon Chemicals, and Dongwon Metal. More
Bukwang Pharm 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 Bukwang Pharm'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 Bukwang Pharm upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.25 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 2.77 |
Bukwang Pharm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bukwang Pharm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bukwang Pharm's standard deviation. In reality, there are many statistical measures that can use Bukwang Pharm historical prices to predict the future Bukwang Pharm's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (2.76) |
Bukwang Pharm Backtested Returns
Bukwang Pharm secures Sharpe Ratio (or Efficiency) of -0.0421, which signifies that the company had a -0.0421% return per unit of risk over the last 3 months. Bukwang Pharm exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bukwang Pharm's Mean Deviation of 1.46, standard deviation of 2.05, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.065, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bukwang Pharm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bukwang Pharm is expected to be smaller as well. At this point, Bukwang Pharm has a negative expected return of -0.0872%. Please make sure to confirm Bukwang Pharm's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Bukwang Pharm performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Bukwang Pharm has excellent reverse predictability. Overlapping area represents the amount of predictability between Bukwang Pharm time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Bukwang Pharm price movement. The serial correlation of -0.84 indicates that around 84.0% of current Bukwang Pharm price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 27.8 K |
Bukwang Pharm lagged returns against current returns
Autocorrelation, which is Bukwang Pharm 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 Bukwang Pharm's stock expected returns. We can calculate the autocorrelation of Bukwang Pharm returns to help us make a trade decision. For example, suppose you find that Bukwang Pharm 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 |
Bukwang Pharm 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 Bukwang Pharm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bukwang Pharm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bukwang Pharm stock over time.
Current vs Lagged Prices |
| Timeline |
Bukwang Pharm Lagged Returns
When evaluating Bukwang Pharm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bukwang Pharm stock have on its future price. Bukwang Pharm 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, Bukwang Pharm autocorrelation shows the relationship between Bukwang Pharm stock current value and its past values and can show if there is a momentum factor associated with investing in Bukwang Pharm.
Regressed Prices |
| Timeline |
Pair Trading with Bukwang Pharm
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 Bukwang Pharm 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 Bukwang Pharm will appreciate offsetting losses from the drop in the long position's value.Moving together with Bukwang Stock
| 0.7 | 005930 | Samsung Electronics | PairCorr |
| 0.69 | 005935 | Samsung Electronics | PairCorr |
| 0.69 | 005385 | Hyundai Motor | PairCorr |
| 0.62 | 005387 | Hyundai Motor | PairCorr |
| 0.82 | 005380 | Hyundai Motor | PairCorr |
Moving against Bukwang Stock
| 0.35 | 373220 | LG Energy Solution | PairCorr |
| 0.35 | 105560 | KB Financial Group | PairCorr |
| 0.33 | 024110 | Industrial Bank | PairCorr |
The ability to find closely correlated positions to Bukwang Pharm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bukwang Pharm 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 Bukwang Pharm - 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 Bukwang Pharm to buy it.
The correlation of Bukwang Pharm 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 Bukwang Pharm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bukwang Pharm 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 Bukwang Pharm 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 Bukwang Stock
Bukwang Pharm financial ratios help investors to determine whether Bukwang 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 Bukwang with respect to the benefits of owning Bukwang Pharm security.