Kyeryong Construction (Korea) Market Value
| 013580 Stock | 13,080 260.00 1.95% |
| Symbol | Kyeryong |
Kyeryong Construction '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 Kyeryong Construction'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 Kyeryong Construction.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Kyeryong Construction on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Kyeryong Construction Industrial or generate 0.0% return on investment in Kyeryong Construction over 240 days. Kyeryong Construction is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Kyeryong Construction 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 Kyeryong Construction'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 Kyeryong Construction Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 6.1 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.43 |
Kyeryong Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kyeryong Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kyeryong Construction's standard deviation. In reality, there are many statistical measures that can use Kyeryong Construction historical prices to predict the future Kyeryong Construction's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (1.90) |
Kyeryong Construction Backtested Returns
Kyeryong Construction has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Kyeryong Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kyeryong Construction's Risk Adjusted Performance of (0.14), mean deviation of 0.7599, and Standard Deviation of 1.08 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kyeryong Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kyeryong Construction is expected to be smaller as well. At this point, Kyeryong Construction has a negative expected return of -0.18%. Please make sure to verify Kyeryong Construction's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Kyeryong Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Kyeryong Construction Industrial has good reverse predictability. Overlapping area represents the amount of predictability between Kyeryong Construction time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 Kyeryong Construction price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Kyeryong Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 546.5 K |
Kyeryong Construction lagged returns against current returns
Autocorrelation, which is Kyeryong Construction 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 Kyeryong Construction's stock expected returns. We can calculate the autocorrelation of Kyeryong Construction returns to help us make a trade decision. For example, suppose you find that Kyeryong Construction 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 |
Kyeryong Construction 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 Kyeryong Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kyeryong Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kyeryong Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Kyeryong Construction Lagged Returns
When evaluating Kyeryong Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kyeryong Construction stock have on its future price. Kyeryong Construction 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, Kyeryong Construction autocorrelation shows the relationship between Kyeryong Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Kyeryong Construction Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Kyeryong Construction
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 Kyeryong Construction 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 Kyeryong Construction will appreciate offsetting losses from the drop in the long position's value.Moving together with Kyeryong Stock
| 0.65 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.88 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.84 | 302430 | Innometry | PairCorr |
Moving against Kyeryong Stock
The ability to find closely correlated positions to Kyeryong Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kyeryong Construction 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 Kyeryong Construction - 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 Kyeryong Construction Industrial to buy it.
The correlation of Kyeryong Construction 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 Kyeryong Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kyeryong Construction 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 Kyeryong Construction 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 Kyeryong Stock
Kyeryong Construction financial ratios help investors to determine whether Kyeryong 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 Kyeryong with respect to the benefits of owning Kyeryong Construction security.