Intops (Korea) Market Value
| 049070 Stock | KRW 19,380 300.00 1.57% |
| Symbol | Intops |
Intops '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 Intops' 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 Intops.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in Intops on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding Intops Co or generate 0.0% return on investment in Intops over 480 days. Intops is related to or competes with Daou Data, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. Intops Co., Ltd. primarily manufactures and sells mobile device cases and antennas worldwide More
Intops 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 Intops' 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 Intops Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.77 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 3.57 |
Intops Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intops' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intops' standard deviation. In reality, there are many statistical measures that can use Intops historical prices to predict the future Intops' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 0.6056 |
Intops Backtested Returns
Intops holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Intops exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Intops' Standard Deviation of 2.8, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of 0.6156 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Intops are expected to decrease at a much lower rate. During the bear market, Intops is likely to outperform the market. At this point, Intops has a negative expected return of -0.31%. Please make sure to check out Intops' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Intops performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Intops Co has poor reverse predictability. Overlapping area represents the amount of predictability between Intops time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 Intops price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Intops price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 7.6 M |
Intops lagged returns against current returns
Autocorrelation, which is Intops 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 Intops' stock expected returns. We can calculate the autocorrelation of Intops returns to help us make a trade decision. For example, suppose you find that Intops 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 |
Intops 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 Intops stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intops stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intops stock over time.
Current vs Lagged Prices |
| Timeline |
Intops Lagged Returns
When evaluating Intops' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intops stock have on its future price. Intops 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, Intops autocorrelation shows the relationship between Intops stock current value and its past values and can show if there is a momentum factor associated with investing in Intops Co.
Regressed Prices |
| Timeline |
Pair Trading with Intops
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 Intops 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 Intops will appreciate offsetting losses from the drop in the long position's value.Moving together with Intops Stock
| 0.92 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.87 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.96 | 012700 | LEADCORP | PairCorr |
| 0.89 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to Intops could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intops 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 Intops - 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 Intops Co to buy it.
The correlation of Intops 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 Intops moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intops 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 Intops 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 Intops Stock
Intops financial ratios help investors to determine whether Intops 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 Intops with respect to the benefits of owning Intops security.