JYP Entertainment (Korea) Market Value
| 035900 Stock | KRW 76,400 2,600 3.52% |
| Symbol | JYP |
JYP 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 JYP 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 JYP Entertainment.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in JYP Entertainment on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding JYP Entertainment or generate 0.0% return on investment in JYP Entertainment over 540 days. JYP Entertainment is related to or competes with YG Entertainment, SM Entertainment, and Cube Entertainment. JYP Entertainment Corporation operates as an entertainment company in South Korea and internationally More
JYP 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 JYP 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 JYP Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.1604 | |||
| Maximum Drawdown | 13.27 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 5.77 |
JYP Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JYP Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JYP Entertainment's standard deviation. In reality, there are many statistical measures that can use JYP Entertainment historical prices to predict the future JYP Entertainment's volatility.| Risk Adjusted Performance | 0.1656 | |||
| Jensen Alpha | 0.6078 | |||
| Total Risk Alpha | 0.1082 | |||
| Sortino Ratio | 0.2202 | |||
| Treynor Ratio | (14.21) |
JYP Entertainment Backtested Returns
JYP Entertainment appears to be very steady, given 3 months investment horizon. JYP Entertainment holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of volatility over the last 3 months. By examining JYP Entertainment's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize JYP Entertainment's risk adjusted performance of 0.1656, and Market Risk Adjusted Performance of (14.20) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JYP Entertainment holds a performance score of 18. The company retains a Market Volatility (i.e., Beta) of -0.0424, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JYP Entertainment are expected to decrease at a much lower rate. During the bear market, JYP Entertainment is likely to outperform the market. Please check JYP Entertainment's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether JYP Entertainment's current trending patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
JYP Entertainment has modest predictability. Overlapping area represents the amount of predictability between JYP Entertainment time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 JYP Entertainment price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current JYP Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 59.2 M |
JYP Entertainment lagged returns against current returns
Autocorrelation, which is JYP 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 JYP Entertainment's stock expected returns. We can calculate the autocorrelation of JYP Entertainment returns to help us make a trade decision. For example, suppose you find that JYP 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 |
JYP 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 JYP Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JYP Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JYP Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
JYP Entertainment Lagged Returns
When evaluating JYP Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JYP Entertainment stock have on its future price. JYP 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, JYP Entertainment autocorrelation shows the relationship between JYP Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in JYP Entertainment.
Regressed Prices |
| Timeline |
Pair Trading with JYP 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 JYP 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 JYP Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against JYP Stock
| 0.77 | 089970 | Adaptive Plasma Tech | PairCorr |
| 0.64 | 034220 | LG Display | PairCorr |
| 0.58 | 066570 | LG Electronics | PairCorr |
| 0.5 | 005385 | Hyundai Motor | PairCorr |
| 0.5 | 051910 | LG Chemicals | PairCorr |
The ability to find closely correlated positions to JYP 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 JYP 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 JYP 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 JYP Entertainment to buy it.
The correlation of JYP 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 JYP Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JYP 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 JYP 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 JYP Stock
JYP Entertainment financial ratios help investors to determine whether JYP 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 JYP with respect to the benefits of owning JYP Entertainment security.