Kumho Petro (Korea) Market Value
| 011780 Stock | 106,500 200.00 0.19% |
| Symbol | Kumho |
Kumho Petro '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 Kumho Petro'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 Kumho Petro.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Kumho Petro on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Kumho Petro Chemical or generate 0.0% return on investment in Kumho Petro over 360 days. Kumho Petro is related to or competes with LG Chemicals, Lotte Chemical, Hyundai Steel, Korea Petro, and Seah Steel. More
Kumho Petro 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 Kumho Petro'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 Kumho Petro Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 18.88 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 4.78 |
Kumho Petro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kumho Petro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kumho Petro's standard deviation. In reality, there are many statistical measures that can use Kumho Petro historical prices to predict the future Kumho Petro's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 0.4521 |
Kumho Petro Chemical Backtested Returns
Kumho Petro Chemical has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Kumho Petro exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kumho Petro's Risk Adjusted Performance of (0.07), mean deviation of 2.12, and Standard Deviation of 3.04 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kumho Petro are expected to decrease at a much lower rate. During the bear market, Kumho Petro is likely to outperform the market. At this point, Kumho Petro Chemical has a negative expected return of -0.36%. Please make sure to verify Kumho Petro's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Kumho Petro Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Kumho Petro Chemical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kumho Petro time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Kumho Petro Chemical price movement. The serial correlation of -0.73 indicates that around 73.0% of current Kumho Petro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 161.2 M |
Kumho Petro Chemical lagged returns against current returns
Autocorrelation, which is Kumho Petro 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 Kumho Petro's stock expected returns. We can calculate the autocorrelation of Kumho Petro returns to help us make a trade decision. For example, suppose you find that Kumho Petro 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 |
Kumho Petro 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 Kumho Petro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kumho Petro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kumho Petro stock over time.
Current vs Lagged Prices |
| Timeline |
Kumho Petro Lagged Returns
When evaluating Kumho Petro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kumho Petro stock have on its future price. Kumho Petro 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, Kumho Petro autocorrelation shows the relationship between Kumho Petro stock current value and its past values and can show if there is a momentum factor associated with investing in Kumho Petro Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Kumho Petro
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 Kumho Petro 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 Kumho Petro will appreciate offsetting losses from the drop in the long position's value.Moving together with Kumho Stock
| 0.81 | 051910 | LG Chemicals | PairCorr |
| 0.84 | 005490 | POSCO Holdings | PairCorr |
| 0.68 | 009830 | Hanwha Solutions | PairCorr |
| 0.77 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.87 | 004020 | Hyundai Steel | PairCorr |
Moving against Kumho Stock
The ability to find closely correlated positions to Kumho Petro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kumho Petro 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 Kumho Petro - 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 Kumho Petro Chemical to buy it.
The correlation of Kumho Petro 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 Kumho Petro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kumho Petro Chemical 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 Kumho Petro 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 Kumho Stock
Kumho Petro financial ratios help investors to determine whether Kumho 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 Kumho with respect to the benefits of owning Kumho Petro security.