Kginicis CoLtd (Korea) Market Value
| 035600 Stock | KRW 9,330 100.00 1.06% |
| Symbol | Kginicis |
Kginicis CoLtd '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 Kginicis CoLtd'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 Kginicis CoLtd.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Kginicis CoLtd on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Kginicis CoLtd or generate 0.0% return on investment in Kginicis CoLtd over 690 days. Kginicis CoLtd is related to or competes with NHN KCP, AfreecaTV, LEENO Industrial, CJ ENM, and GaeaSoft Corp. The company is involved in the development, sale, and provision of online information solutions and data service, book p... More
Kginicis CoLtd 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 Kginicis CoLtd'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 Kginicis CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 4.61 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.1 |
Kginicis CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kginicis CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kginicis CoLtd's standard deviation. In reality, there are many statistical measures that can use Kginicis CoLtd historical prices to predict the future Kginicis CoLtd's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (1.55) |
Kginicis CoLtd Backtested Returns
Kginicis CoLtd has Sharpe Ratio of -0.084, which conveys that the firm had a -0.084% return per unit of risk over the last 3 months. Kginicis CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kginicis CoLtd's Risk Adjusted Performance of (0.08), mean deviation of 0.7039, and Standard Deviation of 0.9367 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0744, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kginicis CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kginicis CoLtd is expected to be smaller as well. At this point, Kginicis CoLtd has a negative expected return of -0.082%. Please make sure to verify Kginicis CoLtd's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Kginicis CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Kginicis CoLtd has good predictability. Overlapping area represents the amount of predictability between Kginicis CoLtd time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Kginicis CoLtd price movement. The serial correlation of 0.68 indicates that around 68.0% of current Kginicis CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 M |
Kginicis CoLtd lagged returns against current returns
Autocorrelation, which is Kginicis CoLtd 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 Kginicis CoLtd's stock expected returns. We can calculate the autocorrelation of Kginicis CoLtd returns to help us make a trade decision. For example, suppose you find that Kginicis CoLtd 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 |
Kginicis CoLtd 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 Kginicis CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kginicis CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kginicis CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Kginicis CoLtd Lagged Returns
When evaluating Kginicis CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kginicis CoLtd stock have on its future price. Kginicis CoLtd 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, Kginicis CoLtd autocorrelation shows the relationship between Kginicis CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Kginicis CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Kginicis CoLtd
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 Kginicis CoLtd 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 Kginicis CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with Kginicis Stock
| 0.82 | 254120 | Xavis | PairCorr |
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| 0.7 | 034830 | Korea Real Estate | PairCorr |
| 0.64 | 030350 | Dragonfly GF Split | PairCorr |
The ability to find closely correlated positions to Kginicis CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kginicis CoLtd 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 Kginicis CoLtd - 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 Kginicis CoLtd to buy it.
The correlation of Kginicis CoLtd 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 Kginicis CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kginicis CoLtd 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 Kginicis CoLtd 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 Kginicis Stock
Kginicis CoLtd financial ratios help investors to determine whether Kginicis 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 Kginicis with respect to the benefits of owning Kginicis CoLtd security.