Nature (Korea) Market Value
| 043910 Stock | KRW 594.00 1.00 0.17% |
| Symbol | Nature |
Nature '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 Nature'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 Nature.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Nature on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nature and Environment or generate 0.0% return on investment in Nature over 30 days. Nature is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Hyundai, Hyundai, KB Financial, and POSCO Holdings. Nature Environment Co., Ltd. is engaged in the manufacture, processing, sale, and distribution of steel sheets of metals and nonferrous metals, and pipes and plumbing materials. More
Nature 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 Nature'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 Nature and Environment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 12.57 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.01 |
Nature Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nature's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nature's standard deviation. In reality, there are many statistical measures that can use Nature historical prices to predict the future Nature's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (1.48) |
Nature and Environment Backtested Returns
Nature and Environment has Sharpe Ratio of -0.087, which conveys that the firm had a -0.087% return per unit of risk over the last 3 months. Nature exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nature's Standard Deviation of 2.02, mean deviation of 1.44, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nature's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nature is expected to be smaller as well. At this point, Nature and Environment has a negative expected return of -0.17%. Please make sure to verify Nature's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Nature and Environment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Nature and Environment has poor reverse predictability. Overlapping area represents the amount of predictability between Nature time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Nature and Environment price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Nature price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 186.56 |
Nature and Environment lagged returns against current returns
Autocorrelation, which is Nature 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 Nature's stock expected returns. We can calculate the autocorrelation of Nature returns to help us make a trade decision. For example, suppose you find that Nature 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 |
Nature 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 Nature stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nature stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nature stock over time.
Current vs Lagged Prices |
| Timeline |
Nature Lagged Returns
When evaluating Nature's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nature stock have on its future price. Nature 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, Nature autocorrelation shows the relationship between Nature stock current value and its past values and can show if there is a momentum factor associated with investing in Nature and Environment.
Regressed Prices |
| Timeline |
Pair Trading with Nature
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 Nature 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 Nature will appreciate offsetting losses from the drop in the long position's value.Moving together with Nature Stock
Moving against Nature Stock
The ability to find closely correlated positions to Nature could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nature 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 Nature - 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 Nature and Environment to buy it.
The correlation of Nature 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 Nature moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nature and Environment 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 Nature 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 Nature Stock
Nature financial ratios help investors to determine whether Nature 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 Nature with respect to the benefits of owning Nature security.