Barunson Entertainment (Korea) Market Value
| 035620 Stock | KRW 437.00 9.00 2.02% |
| Symbol | Barunson |
Barunson Entertainment '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 Barunson Entertainment'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 Barunson Entertainment.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Barunson Entertainment on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Barunson Entertainment Arts or generate 0.0% return on investment in Barunson Entertainment over 30 days. Barunson Entertainment is related to or competes with AfreecaTV, SS TECH, Busan Industrial, UNISEM, Finebesteel, Fine Besteel, and Hyundai Heavy. Barunson Entertainment Arts Corporation develops and provides online, mobile, and VR games in South Korea and internatio... More
Barunson Entertainment 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 Barunson Entertainment'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 Barunson Entertainment Arts upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.67 |
Barunson Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barunson Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barunson Entertainment's standard deviation. In reality, there are many statistical measures that can use Barunson Entertainment historical prices to predict the future Barunson Entertainment's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.50) |
Barunson Entertainment Backtested Returns
Barunson Entertainment secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Barunson Entertainment Arts exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Barunson Entertainment's Standard Deviation of 1.86, mean deviation of 1.38, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Barunson Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Barunson Entertainment is expected to be smaller as well. At this point, Barunson Entertainment has a negative expected return of -0.21%. Please make sure to confirm Barunson Entertainment's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Barunson Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Barunson Entertainment Arts has insignificant reverse predictability. Overlapping area represents the amount of predictability between Barunson Entertainment 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 Barunson Entertainment price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Barunson Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 13.42 |
Barunson Entertainment lagged returns against current returns
Autocorrelation, which is Barunson Entertainment 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 Barunson Entertainment's stock expected returns. We can calculate the autocorrelation of Barunson Entertainment returns to help us make a trade decision. For example, suppose you find that Barunson Entertainment 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 |
Barunson Entertainment 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 Barunson Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barunson Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barunson Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Barunson Entertainment Lagged Returns
When evaluating Barunson Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barunson Entertainment stock have on its future price. Barunson Entertainment 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, Barunson Entertainment autocorrelation shows the relationship between Barunson Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Barunson Entertainment Arts.
Regressed Prices |
| Timeline |
Pair Trading with Barunson Entertainment
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 Barunson Entertainment 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 Barunson Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with Barunson Stock
| 0.84 | 336260 | Doosan Fuel Cell | PairCorr |
| 0.73 | 217270 | Daishin Balance 1 | PairCorr |
| 0.79 | 293780 | AptaBio Therapeutics | PairCorr |
The ability to find closely correlated positions to Barunson Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barunson Entertainment 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 Barunson Entertainment - 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 Barunson Entertainment Arts to buy it.
The correlation of Barunson Entertainment 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 Barunson Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barunson Entertainment 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 Barunson Entertainment 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 Barunson Stock
Barunson Entertainment financial ratios help investors to determine whether Barunson 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 Barunson with respect to the benefits of owning Barunson Entertainment security.