Ilji Technology (Korea) Market Value
| 019540 Stock | KRW 3,905 25.00 0.64% |
| Symbol | Ilji |
Ilji Technology '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 Ilji Technology'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 Ilji Technology.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ilji Technology on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ilji Technology Co or generate 0.0% return on investment in Ilji Technology over 30 days. Ilji Technology is related to or competes with Ssangyong Information, Daishin Information, GS Retail, BIT Computer, Lotte Data, and Alton Sports. Ilji Technology Co., Ltd. designs, manufactures, and sells car body parts and cutting edge molds in South Korea and inte... More
Ilji Technology 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 Ilji Technology'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 Ilji Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 2.89 |
Ilji Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ilji Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ilji Technology's standard deviation. In reality, there are many statistical measures that can use Ilji Technology historical prices to predict the future Ilji Technology's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.2998 |
Ilji Technology Backtested Returns
Ilji Technology holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Ilji Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ilji Technology's Risk Adjusted Performance of (0.08), standard deviation of 1.94, and Market Risk Adjusted Performance of 0.3098 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ilji Technology are expected to decrease at a much lower rate. During the bear market, Ilji Technology is likely to outperform the market. At this point, Ilji Technology has a negative expected return of -0.22%. Please make sure to check out Ilji Technology's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Ilji Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Ilji Technology Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Ilji Technology time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Ilji Technology price movement. The serial correlation of -0.02 indicates that only 2.0% of current Ilji Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 16.1 K |
Ilji Technology lagged returns against current returns
Autocorrelation, which is Ilji Technology 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 Ilji Technology's stock expected returns. We can calculate the autocorrelation of Ilji Technology returns to help us make a trade decision. For example, suppose you find that Ilji Technology 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 |
Ilji Technology 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 Ilji Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ilji Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ilji Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Ilji Technology Lagged Returns
When evaluating Ilji Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ilji Technology stock have on its future price. Ilji Technology 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, Ilji Technology autocorrelation shows the relationship between Ilji Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Ilji Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Ilji Technology
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 Ilji Technology 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 Ilji Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Ilji Stock
Moving against Ilji Stock
The ability to find closely correlated positions to Ilji Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ilji Technology 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 Ilji Technology - 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 Ilji Technology Co to buy it.
The correlation of Ilji Technology 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 Ilji Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ilji Technology 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 Ilji Technology 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 Ilji Stock
Ilji Technology financial ratios help investors to determine whether Ilji 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 Ilji with respect to the benefits of owning Ilji Technology security.