FOODWELL (Korea) Market Value
| 005670 Stock | KRW 5,030 160.00 3.08% |
| Symbol | FOODWELL |
FOODWELL '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 FOODWELL'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 FOODWELL.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in FOODWELL on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding FOODWELL Co or generate 0.0% return on investment in FOODWELL over 30 days. FOODWELL is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. Foodwell Corporationration offer processed fruit solutions to food companies in South Korea. More
FOODWELL 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 FOODWELL'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 FOODWELL Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.95 |
FOODWELL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FOODWELL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FOODWELL's standard deviation. In reality, there are many statistical measures that can use FOODWELL historical prices to predict the future FOODWELL's volatility.| Risk Adjusted Performance | 0.0279 | |||
| Jensen Alpha | 0.0857 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.10) |
FOODWELL Backtested Returns
At this point, FOODWELL is very steady. FOODWELL secures Sharpe Ratio (or Efficiency) of 7.0E-4, which denotes the company had a 7.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FOODWELL Co, which you can use to evaluate the volatility of the firm. Please confirm FOODWELL's Semi Deviation of 1.6, mean deviation of 1.39, and Downside Deviation of 1.64 to check if the risk estimate we provide is consistent with the expected return of 0.0013%. The firm shows a Beta (market volatility) of -0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning FOODWELL are expected to decrease at a much lower rate. During the bear market, FOODWELL is likely to outperform the market. FOODWELL currently shows a risk of 1.75%. Please confirm FOODWELL downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if FOODWELL will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
FOODWELL Co has average predictability. Overlapping area represents the amount of predictability between FOODWELL 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 FOODWELL price movement. The serial correlation of 0.42 indicates that just about 42.0% of current FOODWELL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 16.5 K |
FOODWELL lagged returns against current returns
Autocorrelation, which is FOODWELL 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 FOODWELL's stock expected returns. We can calculate the autocorrelation of FOODWELL returns to help us make a trade decision. For example, suppose you find that FOODWELL 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 |
FOODWELL 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 FOODWELL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FOODWELL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FOODWELL stock over time.
Current vs Lagged Prices |
| Timeline |
FOODWELL Lagged Returns
When evaluating FOODWELL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FOODWELL stock have on its future price. FOODWELL 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, FOODWELL autocorrelation shows the relationship between FOODWELL stock current value and its past values and can show if there is a momentum factor associated with investing in FOODWELL Co.
Regressed Prices |
| Timeline |
Pair Trading with FOODWELL
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 FOODWELL 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 FOODWELL will appreciate offsetting losses from the drop in the long position's value.Moving against FOODWELL Stock
The ability to find closely correlated positions to FOODWELL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FOODWELL 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 FOODWELL - 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 FOODWELL Co to buy it.
The correlation of FOODWELL 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 FOODWELL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FOODWELL 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 FOODWELL 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 FOODWELL Stock
FOODWELL financial ratios help investors to determine whether FOODWELL 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 FOODWELL with respect to the benefits of owning FOODWELL security.