NCsoft Corp (Korea) Market Value
| 036570 Stock | 237,500 5,000 2.15% |
| Symbol | NCsoft |
NCsoft Corp '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 NCsoft Corp'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 NCsoft Corp.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in NCsoft Corp on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding NCsoft Corp or generate 0.0% return on investment in NCsoft Corp over 180 days. NCsoft Corp is related to or competes with Mgame Corp, Korean Drug, Clean Science, Lotte Data, Shinsegae Information, and Handok Clean. More
NCsoft Corp 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 NCsoft Corp'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 NCsoft Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.0719 | |||
| Maximum Drawdown | 15.97 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 5.03 |
NCsoft Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NCsoft Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NCsoft Corp's standard deviation. In reality, there are many statistical measures that can use NCsoft Corp historical prices to predict the future NCsoft Corp's volatility.| Risk Adjusted Performance | 0.0955 | |||
| Jensen Alpha | 0.3802 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0731 | |||
| Treynor Ratio | (0.67) |
NCsoft Corp Backtested Returns
NCsoft Corp appears to be very steady, given 3 months investment horizon. NCsoft Corp has Sharpe Ratio of 0.12, which conveys that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for NCsoft Corp, which you can use to evaluate the volatility of the entity. Please exercise NCsoft Corp's Downside Deviation of 2.86, mean deviation of 2.23, and Coefficient Of Variation of 869.93 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NCsoft Corp holds a performance score of 9. The firm secures a Beta (Market Risk) of -0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NCsoft Corp are expected to decrease at a much lower rate. During the bear market, NCsoft Corp is likely to outperform the market. Please check NCsoft Corp's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether NCsoft Corp's current price movements will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
NCsoft Corp has weak reverse predictability. Overlapping area represents the amount of predictability between NCsoft Corp time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 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 NCsoft Corp price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current NCsoft Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 241.9 M |
NCsoft Corp lagged returns against current returns
Autocorrelation, which is NCsoft Corp 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 NCsoft Corp's stock expected returns. We can calculate the autocorrelation of NCsoft Corp returns to help us make a trade decision. For example, suppose you find that NCsoft Corp 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 |
NCsoft Corp 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 NCsoft Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NCsoft Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NCsoft Corp stock over time.
Current vs Lagged Prices |
| Timeline |
NCsoft Corp Lagged Returns
When evaluating NCsoft Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NCsoft Corp stock have on its future price. NCsoft Corp 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, NCsoft Corp autocorrelation shows the relationship between NCsoft Corp stock current value and its past values and can show if there is a momentum factor associated with investing in NCsoft Corp.
Regressed Prices |
| Timeline |
Pair Trading with NCsoft Corp
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 NCsoft Corp 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 NCsoft Corp will appreciate offsetting losses from the drop in the long position's value.Moving against NCsoft Stock
| 0.63 | 066570 | LG Electronics | PairCorr |
| 0.6 | 089970 | Adaptive Plasma Tech | PairCorr |
| 0.55 | 000270 | Kia Corp | PairCorr |
| 0.5 | 034220 | LG Display | PairCorr |
| 0.5 | 005385 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to NCsoft Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NCsoft Corp 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 NCsoft Corp - 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 NCsoft Corp to buy it.
The correlation of NCsoft Corp 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 NCsoft Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NCsoft Corp 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 NCsoft Corp 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 NCsoft Stock
NCsoft Corp financial ratios help investors to determine whether NCsoft 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 NCsoft with respect to the benefits of owning NCsoft Corp security.