Polaris Office (Korea) Market Value
| 041020 Stock | KRW 5,500 240.00 4.56% |
| Symbol | Polaris |
Polaris Office '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 Polaris Office'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 Polaris Office.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Polaris Office on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Polaris Office Corp or generate 0.0% return on investment in Polaris Office over 60 days. Polaris Office is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Infraware, Inc. designs and develops software solutions for mobile industry in South Korea. More
Polaris Office 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 Polaris Office'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 Polaris Office Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 21.83 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 8.32 |
Polaris Office Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polaris Office's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polaris Office's standard deviation. In reality, there are many statistical measures that can use Polaris Office historical prices to predict the future Polaris Office's volatility.| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | 0.1193 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.45) |
Polaris Office Corp Backtested Returns
At this point, Polaris Office is very steady. Polaris Office Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0038, which implies the firm had a 0.0038% return per unit of risk over the last 3 months. We have found thirty technical indicators for Polaris Office Corp, which you can use to evaluate the volatility of the company. Please check Polaris Office's Semi Deviation of 3.04, coefficient of variation of 3829.57, and Risk Adjusted Performance of 0.0281 to confirm if the risk estimate we provide is consistent with the expected return of 0.015%. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Polaris Office are expected to decrease at a much lower rate. During the bear market, Polaris Office is likely to outperform the market. Polaris Office Corp right now holds a risk of 3.95%. Please check Polaris Office Corp semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Polaris Office Corp will be following its historical price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Polaris Office Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Polaris Office time series from 24th of September 2024 to 24th of October 2024 and 24th of October 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 Polaris Office Corp price movement. The serial correlation of -0.49 indicates that about 49.0% of current Polaris Office price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 77.9 K |
Polaris Office Corp lagged returns against current returns
Autocorrelation, which is Polaris Office 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 Polaris Office's stock expected returns. We can calculate the autocorrelation of Polaris Office returns to help us make a trade decision. For example, suppose you find that Polaris Office 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 |
Polaris Office 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 Polaris Office stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polaris Office stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polaris Office stock over time.
Current vs Lagged Prices |
| Timeline |
Polaris Office Lagged Returns
When evaluating Polaris Office's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polaris Office stock have on its future price. Polaris Office 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, Polaris Office autocorrelation shows the relationship between Polaris Office stock current value and its past values and can show if there is a momentum factor associated with investing in Polaris Office Corp.
Regressed Prices |
| Timeline |
Pair Trading with Polaris Office
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 Polaris Office 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 Polaris Office will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Polaris Office could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Polaris Office 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 Polaris Office - 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 Polaris Office Corp to buy it.
The correlation of Polaris Office 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 Polaris Office moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Polaris Office 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 Polaris Office 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 Polaris Stock
Polaris Office financial ratios help investors to determine whether Polaris 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 Polaris with respect to the benefits of owning Polaris Office security.