Mobase Electronics (Korea) Market Value
| 012860 Stock | KRW 1,574 15.00 0.94% |
| Symbol | Mobase |
Mobase 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 Mobase 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 Mobase Electronics.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Mobase Electronics on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mobase Electronics CoLtd or generate 0.0% return on investment in Mobase Electronics over 660 days. Mobase Electronics is related to or competes with LG Display, Hyundai, Hyundai, Hyundai, Adaptive Plasma, Kia Corp, and Korea Electric. Seoyon Electronics Co., Ltd. engages in the manufacture and sale of automotive products in South Korea and international... More
Mobase 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 Mobase 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 Mobase Electronics CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 8.13 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.02 |
Mobase Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mobase Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mobase Electronics' standard deviation. In reality, there are many statistical measures that can use Mobase Electronics historical prices to predict the future Mobase Electronics' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (12.30) |
Mobase Electronics CoLtd Backtested Returns
Mobase Electronics CoLtd has Sharpe Ratio of -0.2, which conveys that the firm had a -0.2% return per unit of risk over the last 3 months. Mobase Electronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mobase Electronics' Mean Deviation of 1.07, risk adjusted performance of (0.14), and Standard Deviation of 1.46 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0233, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mobase Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mobase Electronics is expected to be smaller as well. At this point, Mobase Electronics CoLtd has a negative expected return of -0.28%. Please make sure to verify Mobase Electronics' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Mobase Electronics CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Mobase Electronics CoLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mobase Electronics time series from 9th of February 2023 to 5th of January 2024 and 5th of January 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 Mobase Electronics CoLtd price movement. The serial correlation of -0.17 indicates that over 17.0% of current Mobase Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 13.5 K |
Mobase Electronics CoLtd lagged returns against current returns
Autocorrelation, which is Mobase 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 Mobase Electronics' stock expected returns. We can calculate the autocorrelation of Mobase Electronics returns to help us make a trade decision. For example, suppose you find that Mobase 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 |
Mobase 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 Mobase Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mobase Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mobase Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Mobase Electronics Lagged Returns
When evaluating Mobase Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mobase Electronics stock have on its future price. Mobase 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, Mobase Electronics autocorrelation shows the relationship between Mobase Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Mobase Electronics CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Mobase 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 Mobase 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 Mobase Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Mobase 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 Mobase 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 Mobase 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 Mobase Electronics CoLtd to buy it.
The correlation of Mobase 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 Mobase Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mobase Electronics CoLtd 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 Mobase 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 Mobase Stock
Mobase Electronics financial ratios help investors to determine whether Mobase 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 Mobase with respect to the benefits of owning Mobase Electronics security.