Pureun Mutual (Korea) Market Value
| 007330 Stock | KRW 8,830 30.00 0.34% |
| Symbol | Pureun |
Pureun Mutual '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 Pureun Mutual'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 Pureun Mutual.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Pureun Mutual on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pureun Mutual Savings or generate 0.0% return on investment in Pureun Mutual over 30 days. Pureun Mutual is related to or competes with EBEST Investment, SH Energy, DSC Investment, Posco Chemical, Kukdo Chemical, and Hannong Chemicals. Pureun Mutual Savings Bank Co., Ltd provides financial products and services in South Korea More
Pureun Mutual 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 Pureun Mutual'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 Pureun Mutual Savings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6967 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.26 |
Pureun Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pureun Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pureun Mutual's standard deviation. In reality, there are many statistical measures that can use Pureun Mutual historical prices to predict the future Pureun Mutual's volatility.| Risk Adjusted Performance | 0.04 | |||
| Jensen Alpha | 0.0344 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.34) |
Pureun Mutual Savings Backtested Returns
At this point, Pureun Mutual is very steady. Pureun Mutual Savings maintains Sharpe Ratio (i.e., Efficiency) of 0.038, which implies the firm had a 0.038% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pureun Mutual Savings, which you can use to evaluate the volatility of the company. Please check Pureun Mutual's Coefficient Of Variation of 1821.24, risk adjusted performance of 0.04, and Semi Deviation of 0.5537 to confirm if the risk estimate we provide is consistent with the expected return of 0.0254%. Pureun Mutual has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.0743, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pureun Mutual are expected to decrease at a much lower rate. During the bear market, Pureun Mutual is likely to outperform the market. Pureun Mutual Savings right now holds a risk of 0.67%. Please check Pureun Mutual Savings coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Pureun Mutual Savings will be following its historical price patterns.
Auto-correlation | -0.86 |
Excellent reverse predictability
Pureun Mutual Savings has excellent reverse predictability. Overlapping area represents the amount of predictability between Pureun Mutual time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Pureun Mutual Savings price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Pureun Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 8328.93 |
Pureun Mutual Savings lagged returns against current returns
Autocorrelation, which is Pureun Mutual 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 Pureun Mutual's stock expected returns. We can calculate the autocorrelation of Pureun Mutual returns to help us make a trade decision. For example, suppose you find that Pureun Mutual 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 |
Pureun Mutual 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 Pureun Mutual stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pureun Mutual stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pureun Mutual stock over time.
Current vs Lagged Prices |
| Timeline |
Pureun Mutual Lagged Returns
When evaluating Pureun Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pureun Mutual stock have on its future price. Pureun Mutual 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, Pureun Mutual autocorrelation shows the relationship between Pureun Mutual stock current value and its past values and can show if there is a momentum factor associated with investing in Pureun Mutual Savings.
Regressed Prices |
| Timeline |
Pair Trading with Pureun Mutual
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 Pureun Mutual 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 Pureun Mutual will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Pureun Mutual could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pureun Mutual 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 Pureun Mutual - 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 Pureun Mutual Savings to buy it.
The correlation of Pureun Mutual 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 Pureun Mutual moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pureun Mutual Savings 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 Pureun Mutual 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 Pureun Stock
Pureun Mutual financial ratios help investors to determine whether Pureun 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 Pureun with respect to the benefits of owning Pureun Mutual security.