ABCO Electronics (Korea) Market Value
| 036010 Stock | KRW 4,615 5.00 0.11% |
| Symbol | ABCO |
ABCO Electronics '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 ABCO Electronics' 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 ABCO Electronics.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in ABCO Electronics on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding ABCO Electronics Co or generate 0.0% return on investment in ABCO Electronics over 180 days. ABCO Electronics is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. ABCO Electronics Co., Ltd. manufactures and sells passive electronic components in South Korea and internationally More
ABCO Electronics 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 ABCO Electronics' 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 ABCO Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 17.32 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 4.45 |
ABCO Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABCO Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABCO Electronics' standard deviation. In reality, there are many statistical measures that can use ABCO Electronics historical prices to predict the future ABCO Electronics' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (142.85) |
ABCO Electronics Backtested Returns
ABCO Electronics retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. ABCO Electronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ABCO Electronics' variance of 9.97, and Market Risk Adjusted Performance of (142.84) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0031, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ABCO Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding ABCO Electronics is expected to be smaller as well. At this point, ABCO Electronics has a negative expected return of -0.36%. Please make sure to confirm ABCO Electronics' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if ABCO Electronics performance from the past will be repeated at some future date.
Auto-correlation | 0.76 |
Good predictability
ABCO Electronics Co has good predictability. Overlapping area represents the amount of predictability between ABCO Electronics time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 ABCO Electronics price movement. The serial correlation of 0.76 indicates that around 76.0% of current ABCO Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 227.3 K |
ABCO Electronics lagged returns against current returns
Autocorrelation, which is ABCO Electronics 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 ABCO Electronics' stock expected returns. We can calculate the autocorrelation of ABCO Electronics returns to help us make a trade decision. For example, suppose you find that ABCO Electronics 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 |
ABCO Electronics 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 ABCO Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABCO Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABCO Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
ABCO Electronics Lagged Returns
When evaluating ABCO Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABCO Electronics stock have on its future price. ABCO Electronics 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, ABCO Electronics autocorrelation shows the relationship between ABCO Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in ABCO Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with ABCO Electronics
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 ABCO Electronics 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 ABCO Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with ABCO Stock
The ability to find closely correlated positions to ABCO Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABCO Electronics 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 ABCO Electronics - 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 ABCO Electronics Co to buy it.
The correlation of ABCO Electronics 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 ABCO Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABCO Electronics 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 ABCO Electronics 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 ABCO Stock
ABCO Electronics financial ratios help investors to determine whether ABCO 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 ABCO with respect to the benefits of owning ABCO Electronics security.