Naver (Korea) Market Value
| 035420 Stock | 203,000 7,400 3.78% |
| Symbol | Naver |
Naver '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 Naver'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 Naver.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Naver on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Naver or generate 0.0% return on investment in Naver over 180 days. Naver is related to or competes with Korea New, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. More
Naver 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 Naver'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 Naver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.1155 | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.54 |
Naver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Naver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Naver's standard deviation. In reality, there are many statistical measures that can use Naver historical prices to predict the future Naver's volatility.| Risk Adjusted Performance | 0.1454 | |||
| Jensen Alpha | 0.3875 | |||
| Total Risk Alpha | 0.0383 | |||
| Sortino Ratio | 0.1208 | |||
| Treynor Ratio | (1.01) |
Naver Backtested Returns
Naver appears to be very steady, given 3 months investment horizon. Naver has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Naver, which you can use to evaluate the volatility of the firm. Please exercise Naver's Downside Deviation of 1.87, risk adjusted performance of 0.1454, and Mean Deviation of 1.5 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Naver holds a performance score of 12. The company secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Naver are expected to decrease at a much lower rate. During the bear market, Naver is likely to outperform the market. Please check Naver's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Naver's current price movements will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Naver has modest reverse predictability. Overlapping area represents the amount of predictability between Naver time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Naver price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Naver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 118.1 M |
Naver lagged returns against current returns
Autocorrelation, which is Naver 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 Naver's stock expected returns. We can calculate the autocorrelation of Naver returns to help us make a trade decision. For example, suppose you find that Naver 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 |
Naver 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 Naver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Naver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Naver stock over time.
Current vs Lagged Prices |
| Timeline |
Naver Lagged Returns
When evaluating Naver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Naver stock have on its future price. Naver 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, Naver autocorrelation shows the relationship between Naver stock current value and its past values and can show if there is a momentum factor associated with investing in Naver.
Regressed Prices |
| Timeline |
Pair Trading with Naver
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 Naver 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 Naver will appreciate offsetting losses from the drop in the long position's value.Moving against Naver Stock
| 0.68 | 005930 | Samsung Electronics | PairCorr |
| 0.66 | 034220 | LG Display | PairCorr |
| 0.64 | 005935 | Samsung Electronics | PairCorr |
| 0.57 | 005490 | POSCO Holdings | PairCorr |
| 0.51 | 000270 | Kia Corp | PairCorr |
The ability to find closely correlated positions to Naver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Naver 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 Naver - 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 Naver to buy it.
The correlation of Naver 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 Naver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Naver 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 Naver 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 Naver Stock
Naver financial ratios help investors to determine whether Naver 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 Naver with respect to the benefits of owning Naver security.