Nice Information (Korea) Market Value
| 036800 Stock | KRW 18,290 20.00 0.11% |
| Symbol | Nice |
Nice Information '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 Nice Information'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 Nice Information.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nice Information on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nice Information Telecommunication or generate 0.0% return on investment in Nice Information over 30 days. Nice Information is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Nice Information Telecommunication, Inc. More
Nice Information 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 Nice Information'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 Nice Information Telecommunication upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 2.94 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.797 |
Nice Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nice Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nice Information's standard deviation. In reality, there are many statistical measures that can use Nice Information historical prices to predict the future Nice Information's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.97) |
Nice Information Tel Backtested Returns
Nice Information Tel has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Nice Information exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nice Information's Standard Deviation of 0.5947, risk adjusted performance of (0.14), and Mean Deviation of 0.4467 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nice Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nice Information is expected to be smaller as well. At this point, Nice Information Tel has a negative expected return of -0.086%. Please make sure to verify Nice Information's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Nice Information Tel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Nice Information Telecommunication has very good reverse predictability. Overlapping area represents the amount of predictability between Nice Information time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Nice Information Tel price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Nice Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 47.7 K |
Nice Information Tel lagged returns against current returns
Autocorrelation, which is Nice Information 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 Nice Information's stock expected returns. We can calculate the autocorrelation of Nice Information returns to help us make a trade decision. For example, suppose you find that Nice Information 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 |
Nice Information 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 Nice Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nice Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nice Information stock over time.
Current vs Lagged Prices |
| Timeline |
Nice Information Lagged Returns
When evaluating Nice Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nice Information stock have on its future price. Nice Information 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, Nice Information autocorrelation shows the relationship between Nice Information stock current value and its past values and can show if there is a momentum factor associated with investing in Nice Information Telecommunication.
Regressed Prices |
| Timeline |
Pair Trading with Nice Information
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 Nice Information 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 Nice Information will appreciate offsetting losses from the drop in the long position's value.Moving together with Nice Stock
The ability to find closely correlated positions to Nice Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nice Information 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 Nice Information - 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 Nice Information Telecommunication to buy it.
The correlation of Nice Information 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 Nice Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nice Information Tel 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 Nice Information 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 Nice Stock
Nice Information financial ratios help investors to determine whether Nice 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 Nice with respect to the benefits of owning Nice Information security.