Eagle Veterinary (Korea) Market Value
| 044960 Stock | KRW 4,785 50.00 1.03% |
| Symbol | Eagle |
Eagle Veterinary '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 Eagle Veterinary'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 Eagle Veterinary.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Eagle Veterinary on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Eagle Veterinary Technology or generate 0.0% return on investment in Eagle Veterinary over 180 days. Eagle Veterinary is related to or competes with Kolon Life, JETEMA, Aminologics CoLtd, Daihan Pharmaceutical, Withuspharmaceutical, and High Tech. Eagle Veterinary Technology Co., Ltd. manufactures and distributes animal health solutions for cattle, swine, poultry, fishes, and companion animals. More
Eagle Veterinary 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 Eagle Veterinary'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 Eagle Veterinary Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.37 |
Eagle Veterinary Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Veterinary's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Veterinary's standard deviation. In reality, there are many statistical measures that can use Eagle Veterinary historical prices to predict the future Eagle Veterinary's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 14.42 |
Eagle Veterinary Tec Backtested Returns
Eagle Veterinary Tec secures Sharpe Ratio (or Efficiency) of -0.0249, which denotes the company had a -0.0249% return per unit of risk over the last 3 months. Eagle Veterinary Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eagle Veterinary's Standard Deviation of 1.45, variance of 2.09, and Mean Deviation of 1.12 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0079, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eagle Veterinary are expected to decrease at a much lower rate. During the bear market, Eagle Veterinary is likely to outperform the market. At this point, Eagle Veterinary Tec has a negative expected return of -0.0366%. Please make sure to confirm Eagle Veterinary's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Eagle Veterinary Tec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Eagle Veterinary Technology has below average predictability. Overlapping area represents the amount of predictability between Eagle Veterinary 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 Eagle Veterinary Tec price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Eagle Veterinary price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 17.5 K |
Eagle Veterinary Tec lagged returns against current returns
Autocorrelation, which is Eagle Veterinary 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 Eagle Veterinary's stock expected returns. We can calculate the autocorrelation of Eagle Veterinary returns to help us make a trade decision. For example, suppose you find that Eagle Veterinary 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 |
Eagle Veterinary 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 Eagle Veterinary stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Veterinary stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eagle Veterinary stock over time.
Current vs Lagged Prices |
| Timeline |
Eagle Veterinary Lagged Returns
When evaluating Eagle Veterinary's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Veterinary stock have on its future price. Eagle Veterinary 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, Eagle Veterinary autocorrelation shows the relationship between Eagle Veterinary stock current value and its past values and can show if there is a momentum factor associated with investing in Eagle Veterinary Technology.
Regressed Prices |
| Timeline |
Pair Trading with Eagle Veterinary
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 Eagle Veterinary 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 Eagle Veterinary will appreciate offsetting losses from the drop in the long position's value.Moving together with Eagle Stock
The ability to find closely correlated positions to Eagle Veterinary could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Veterinary 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 Eagle Veterinary - 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 Eagle Veterinary Technology to buy it.
The correlation of Eagle Veterinary 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 Eagle Veterinary moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Veterinary Tec 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 Eagle Veterinary 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 Eagle Stock
Eagle Veterinary financial ratios help investors to determine whether Eagle 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 Eagle with respect to the benefits of owning Eagle Veterinary security.