MohenzCoLtd (Korea) Market Value
| 006920 Stock | KRW 2,360 10.00 0.43% |
| Symbol | MohenzCoLtd |
MohenzCoLtd '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 MohenzCoLtd'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 MohenzCoLtd.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in MohenzCoLtd on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding MohenzCoLtd or generate 0.0% return on investment in MohenzCoLtd over 510 days. MohenzCoLtd is related to or competes with LG Chemicals, Lotte Chemical, Hyundai Steel, and Seah Steel. ,Ltd. is engaged in the manufacture and sale of ready mixed concretes in South Korea More
MohenzCoLtd 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 MohenzCoLtd'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 MohenzCoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 2.01 |
MohenzCoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MohenzCoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MohenzCoLtd's standard deviation. In reality, there are many statistical measures that can use MohenzCoLtd historical prices to predict the future MohenzCoLtd's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 1.24 |
MohenzCoLtd Backtested Returns
MohenzCoLtd has Sharpe Ratio of -0.22, which conveys that the firm had a -0.22% return per unit of risk over the last 3 months. MohenzCoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MohenzCoLtd's Mean Deviation of 1.29, risk adjusted performance of (0.18), and Standard Deviation of 1.56 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MohenzCoLtd are expected to decrease at a much lower rate. During the bear market, MohenzCoLtd is likely to outperform the market. At this point, MohenzCoLtd has a negative expected return of -0.35%. Please make sure to verify MohenzCoLtd's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if MohenzCoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
MohenzCoLtd has good predictability. Overlapping area represents the amount of predictability between MohenzCoLtd time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 MohenzCoLtd price movement. The serial correlation of 0.66 indicates that around 66.0% of current MohenzCoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 176.8 K |
MohenzCoLtd lagged returns against current returns
Autocorrelation, which is MohenzCoLtd 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 MohenzCoLtd's stock expected returns. We can calculate the autocorrelation of MohenzCoLtd returns to help us make a trade decision. For example, suppose you find that MohenzCoLtd 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 |
MohenzCoLtd 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 MohenzCoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MohenzCoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MohenzCoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
MohenzCoLtd Lagged Returns
When evaluating MohenzCoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MohenzCoLtd stock have on its future price. MohenzCoLtd 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, MohenzCoLtd autocorrelation shows the relationship between MohenzCoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in MohenzCoLtd.
Regressed Prices |
| Timeline |
Pair Trading with MohenzCoLtd
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 MohenzCoLtd 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 MohenzCoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with MohenzCoLtd Stock
Moving against MohenzCoLtd Stock
The ability to find closely correlated positions to MohenzCoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MohenzCoLtd 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 MohenzCoLtd - 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 MohenzCoLtd to buy it.
The correlation of MohenzCoLtd 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 MohenzCoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MohenzCoLtd 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 MohenzCoLtd 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 MohenzCoLtd Stock
MohenzCoLtd financial ratios help investors to determine whether MohenzCoLtd 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 MohenzCoLtd with respect to the benefits of owning MohenzCoLtd security.