Industrial Bank (Korea) Market Value
| 024110 Stock | 14,800 40.00 0.27% |
| Symbol | Industrial |
Industrial Bank '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 Industrial Bank'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 Industrial Bank.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Industrial Bank on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Industrial Bank or generate 0.0% return on investment in Industrial Bank over 720 days. Industrial Bank is related to or competes with Haitai Confectionery, Shinsegae Information, SCI Information, Ssangyong Information, Moadata, Sejong Telecom, and BGF Retail. More
Industrial Bank 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 Industrial Bank'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 Industrial Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.0 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.7 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.84 |
Industrial Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industrial Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industrial Bank's standard deviation. In reality, there are many statistical measures that can use Industrial Bank historical prices to predict the future Industrial Bank's volatility.| Risk Adjusted Performance | 0.0879 | |||
| Jensen Alpha | 0.0906 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.6642 |
Industrial Bank Backtested Returns
At this point, Industrial Bank is very steady. Industrial Bank holds Efficiency (Sharpe) Ratio of 0.0632, which attests that the entity had a 0.0632% return per unit of risk over the last 3 months. We have found thirty technical indicators for Industrial Bank, which you can use to evaluate the volatility of the firm. Please check out Industrial Bank's Risk Adjusted Performance of 0.0879, market risk adjusted performance of 0.6742, and Downside Deviation of 1.0 to validate if the risk estimate we provide is consistent with the expected return of 0.0688%. Industrial Bank has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Industrial Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Industrial Bank is expected to be smaller as well. Industrial Bank right now retains a risk of 1.09%. Please check out Industrial Bank downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Industrial Bank will be following its current trending patterns.
Auto-correlation | 0.45 |
Average predictability
Industrial Bank has average predictability. Overlapping area represents the amount of predictability between Industrial Bank time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Industrial Bank price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Industrial Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 M |
Industrial Bank lagged returns against current returns
Autocorrelation, which is Industrial Bank 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 Industrial Bank's stock expected returns. We can calculate the autocorrelation of Industrial Bank returns to help us make a trade decision. For example, suppose you find that Industrial Bank 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 |
Industrial Bank 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 Industrial Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industrial Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Industrial Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Industrial Bank Lagged Returns
When evaluating Industrial Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industrial Bank stock have on its future price. Industrial Bank 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, Industrial Bank autocorrelation shows the relationship between Industrial Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Industrial Bank.
Regressed Prices |
| Timeline |
Pair Trading with Industrial Bank
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 Industrial Bank 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 Industrial Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Industrial Stock
Moving against Industrial Stock
| 0.58 | 005930 | Samsung Electronics | PairCorr |
| 0.56 | 005935 | Samsung Electronics | PairCorr |
| 0.46 | 005380 | Hyundai Motor | PairCorr |
| 0.33 | 005387 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Industrial Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Industrial Bank 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 Industrial Bank - 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 Industrial Bank to buy it.
The correlation of Industrial Bank 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 Industrial Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Industrial Bank 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 Industrial Bank 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 Industrial Stock
Industrial Bank financial ratios help investors to determine whether Industrial 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 Industrial with respect to the benefits of owning Industrial Bank security.