KyungIn Electronics (Korea) Market Value
| 009140 Stock | 21,500 600.00 2.87% |
| Symbol | KyungIn |
KyungIn Electronics '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 KyungIn Electronics' 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 KyungIn Electronics.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in KyungIn Electronics on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding KyungIn Electronics Co or generate 0.0% return on investment in KyungIn Electronics over 510 days. KyungIn Electronics is related to or competes with FOODWELL, CJ Seafood, CJ Seafood, Jinro Distillers, and Korea Alcohol. More
KyungIn Electronics 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 KyungIn Electronics' 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 KyungIn Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.46 |
KyungIn Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KyungIn Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KyungIn Electronics' standard deviation. In reality, there are many statistical measures that can use KyungIn Electronics historical prices to predict the future KyungIn Electronics' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.4591 |
KyungIn Electronics Backtested Returns
At this point, KyungIn Electronics is very steady. KyungIn Electronics has Sharpe Ratio of 0.0345, which conveys that the firm had a 0.0345% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for KyungIn Electronics, which you can use to evaluate the volatility of the firm. Please verify KyungIn Electronics' Mean Deviation of 0.6382, risk adjusted performance of (0.01), and Standard Deviation of 0.9049 to check out if the risk estimate we provide is consistent with the expected return of 0.032%. KyungIn Electronics has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0436, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KyungIn Electronics are expected to decrease at a much lower rate. During the bear market, KyungIn Electronics is likely to outperform the market. KyungIn Electronics right now secures a risk of 0.93%. Please verify KyungIn Electronics Co total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if KyungIn Electronics Co will be following its current price movements.
Auto-correlation | -0.09 |
Very weak reverse predictability
KyungIn Electronics Co has very weak reverse predictability. Overlapping area represents the amount of predictability between KyungIn Electronics 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 KyungIn Electronics price movement. The serial correlation of -0.09 indicates that less than 9.0% of current KyungIn Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 M |
KyungIn Electronics lagged returns against current returns
Autocorrelation, which is KyungIn Electronics 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 KyungIn Electronics' stock expected returns. We can calculate the autocorrelation of KyungIn Electronics returns to help us make a trade decision. For example, suppose you find that KyungIn Electronics 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 |
KyungIn Electronics 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 KyungIn Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KyungIn Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KyungIn Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
KyungIn Electronics Lagged Returns
When evaluating KyungIn Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KyungIn Electronics stock have on its future price. KyungIn Electronics 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, KyungIn Electronics autocorrelation shows the relationship between KyungIn Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in KyungIn Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with KyungIn Electronics
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 KyungIn Electronics 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 KyungIn Electronics will appreciate offsetting losses from the drop in the long position's value.Moving against KyungIn Stock
The ability to find closely correlated positions to KyungIn Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KyungIn Electronics 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 KyungIn Electronics - 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 KyungIn Electronics Co to buy it.
The correlation of KyungIn Electronics 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 KyungIn Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KyungIn Electronics 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 KyungIn Electronics 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 KyungIn Stock
KyungIn Electronics financial ratios help investors to determine whether KyungIn 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 KyungIn with respect to the benefits of owning KyungIn Electronics security.