KIWI Media (Korea) Market Value
| 012170 Stock | 411.00 11.00 2.75% |
| Symbol | KIWI |
KIWI Media '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 KIWI Media'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 KIWI Media.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in KIWI Media on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding KIWI Media Group or generate 0.0% return on investment in KIWI Media over 180 days.
KIWI Media 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 KIWI Media'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 KIWI Media Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 29.18 | |||
| Value At Risk | (6.80) | |||
| Potential Upside | 6.16 |
KIWI Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KIWI Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KIWI Media's standard deviation. In reality, there are many statistical measures that can use KIWI Media historical prices to predict the future KIWI Media's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | 1.62 |
KIWI Media Group Backtested Returns
KIWI Media Group has Sharpe Ratio of -0.0972, which conveys that the firm had a -0.0972% return per unit of standard deviation over the last 3 months. KIWI Media exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KIWI Media's Mean Deviation of 2.91, risk adjusted performance of (0.09), and Market Risk Adjusted Performance of 1.63 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KIWI Media are expected to decrease at a much lower rate. During the bear market, KIWI Media is likely to outperform the market. At this point, KIWI Media Group has a negative expected return of -0.47%. Please make sure to verify KIWI Media's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if KIWI Media Group performance from the past will be repeated at future time.
Auto-correlation | 0.89 |
Very good predictability
KIWI Media Group has very good predictability. Overlapping area represents the amount of predictability between KIWI Media time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 KIWI Media Group price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current KIWI Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 8846.98 |
KIWI Media Group lagged returns against current returns
Autocorrelation, which is KIWI Media 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 KIWI Media's stock expected returns. We can calculate the autocorrelation of KIWI Media returns to help us make a trade decision. For example, suppose you find that KIWI Media 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 |
KIWI Media 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 KIWI Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KIWI Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KIWI Media stock over time.
Current vs Lagged Prices |
| Timeline |
KIWI Media Lagged Returns
When evaluating KIWI Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KIWI Media stock have on its future price. KIWI Media 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, KIWI Media autocorrelation shows the relationship between KIWI Media stock current value and its past values and can show if there is a momentum factor associated with investing in KIWI Media Group.
Regressed Prices |
| Timeline |
Pair Trading with KIWI Media
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 KIWI Media 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 KIWI Media will appreciate offsetting losses from the drop in the long position's value.Moving together with KIWI Stock
Moving against KIWI Stock
The ability to find closely correlated positions to KIWI Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KIWI Media 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 KIWI Media - 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 KIWI Media Group to buy it.
The correlation of KIWI Media 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 KIWI Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KIWI Media Group 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 KIWI Media 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.