Playgram (Korea) Market Value
| 009810 Stock | 384.00 39.00 11.30% |
| Symbol | Playgram |
Playgram '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 Playgram'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 Playgram.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Playgram on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Playgram Co or generate 0.0% return on investment in Playgram over 30 days. Playgram is related to or competes with LG Chemicals, POSCO Holdings, Lotte Chemical, Hyundai Steel, Dongkuk Steel, Korea Petro, and Seah Steel. More
Playgram 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 Playgram'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 Playgram Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 27.81 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 4.99 |
Playgram Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Playgram's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playgram's standard deviation. In reality, there are many statistical measures that can use Playgram historical prices to predict the future Playgram's volatility.| Risk Adjusted Performance | 0.031 | |||
| Jensen Alpha | 0.0636 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2665 |
Playgram Backtested Returns
At this point, Playgram is very steady. Playgram maintains Sharpe Ratio (i.e., Efficiency) of 0.0137, which implies the firm had a 0.0137% return per unit of risk over the last 3 months. We have found thirty technical indicators for Playgram, which you can use to evaluate the volatility of the company. Please check Playgram's Risk Adjusted Performance of 0.031, coefficient of variation of 3358.54, and Semi Deviation of 2.74 to confirm if the risk estimate we provide is consistent with the expected return of 0.0439%. Playgram has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Playgram's returns are expected to increase less than the market. However, during the bear market, the loss of holding Playgram is expected to be smaller as well. Playgram right now holds a risk of 3.19%. Please check Playgram market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Playgram will be following its historical price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
Playgram Co has modest reverse predictability. Overlapping area represents the amount of predictability between Playgram time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Playgram price movement. The serial correlation of -0.47 indicates that about 47.0% of current Playgram price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 797.52 |
Playgram lagged returns against current returns
Autocorrelation, which is Playgram 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 Playgram's stock expected returns. We can calculate the autocorrelation of Playgram returns to help us make a trade decision. For example, suppose you find that Playgram 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 |
Playgram 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 Playgram stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playgram stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playgram stock over time.
Current vs Lagged Prices |
| Timeline |
Playgram Lagged Returns
When evaluating Playgram's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playgram stock have on its future price. Playgram 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, Playgram autocorrelation shows the relationship between Playgram stock current value and its past values and can show if there is a momentum factor associated with investing in Playgram Co.
Regressed Prices |
| Timeline |
Pair Trading with Playgram
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 Playgram 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 Playgram will appreciate offsetting losses from the drop in the long position's value.Moving against Playgram Stock
The ability to find closely correlated positions to Playgram could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Playgram 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 Playgram - 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 Playgram Co to buy it.
The correlation of Playgram 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 Playgram moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Playgram 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 Playgram 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 Playgram Stock
Playgram financial ratios help investors to determine whether Playgram 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 Playgram with respect to the benefits of owning Playgram security.