KT (Korea) Market Value
| 030200 Stock | 44,800 300.00 0.67% |
| Symbol | KT |
KT '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 KT'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 KT.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in KT on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding KT Corporation or generate 0.0% return on investment in KT over 300 days. KT is related to or competes with Nh Investment, DSC Investment, Nasmedia, and ChipsMedia. More
KT 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 KT'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 KT Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0682 | |||
| Maximum Drawdown | 11.43 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.71 |
KT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KT's standard deviation. In reality, there are many statistical measures that can use KT historical prices to predict the future KT's volatility.| Risk Adjusted Performance | 0.1068 | |||
| Jensen Alpha | 0.2209 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.074 | |||
| Treynor Ratio | 0.8456 |
KT Corporation Backtested Returns
KT appears to be very steady, given 3 months investment horizon. KT Corporation retains Efficiency (Sharpe Ratio) of 0.13, which conveys that the firm had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for KT, which you can use to evaluate the volatility of the firm. Please exercise KT's Market Risk Adjusted Performance of 0.8556, standard deviation of 2.03, and Mean Deviation of 1.44 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KT holds a performance score of 10. The company owns a Beta (Systematic Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KT's returns are expected to increase less than the market. However, during the bear market, the loss of holding KT is expected to be smaller as well. Please check KT's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether KT's current price history will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
KT Corporation has modest reverse predictability. Overlapping area represents the amount of predictability between KT time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 KT Corporation price movement. The serial correlation of -0.41 indicates that just about 41.0% of current KT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 7.3 M |
KT Corporation lagged returns against current returns
Autocorrelation, which is KT 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 KT's stock expected returns. We can calculate the autocorrelation of KT returns to help us make a trade decision. For example, suppose you find that KT 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 |
KT 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 KT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KT stock over time.
Current vs Lagged Prices |
| Timeline |
KT Lagged Returns
When evaluating KT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KT stock have on its future price. KT 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, KT autocorrelation shows the relationship between KT stock current value and its past values and can show if there is a momentum factor associated with investing in KT Corporation.
Regressed Prices |
| Timeline |
Pair Trading with KT
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 KT 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 KT will appreciate offsetting losses from the drop in the long position's value.Moving against KT Stock
| 0.8 | 217270 | Daishin Balance 1 | PairCorr |
| 0.65 | 106240 | Finetechnix CoLtd | PairCorr |
| 0.52 | 187870 | DeviceENGCOLtd | PairCorr |
| 0.49 | 336260 | Doosan Fuel Cell | PairCorr |
| 0.36 | 293780 | AptaBio Therapeutics | PairCorr |
The ability to find closely correlated positions to KT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KT 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 KT - 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 KT Corporation to buy it.
The correlation of KT 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 KT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KT Corporation 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 KT 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.Additional Information and Resources on Investing in KT Stock
When determining whether KT Corporation is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if KT Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Kt Corporation Stock. Highlighted below are key reports to facilitate an investment decision about Kt Corporation Stock:Check out KT Correlation, KT Volatility and KT Alpha and Beta module to complement your research on KT. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
KT technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.