Koryo Credit (Korea) Market Value
| 049720 Stock | KRW 10,020 80.00 0.80% |
| Symbol | Koryo |
Koryo Credit '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 Koryo Credit'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 Koryo Credit.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Koryo Credit on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Koryo Credit Information or generate 0.0% return on investment in Koryo Credit over 720 days. Koryo Credit is related to or competes with Eagle Veterinary, Daou Technology, NewFlex Technology, Puloon Technology, Hanmi Semiconductor, ABOV Semiconductor, and Dongil Technology. Koryo Credit Information Co., Ltd. operates as a credit bond collection company in South Korea More
Koryo Credit 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 Koryo Credit'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 Koryo Credit Information upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.55 |
Koryo Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Koryo Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Koryo Credit's standard deviation. In reality, there are many statistical measures that can use Koryo Credit historical prices to predict the future Koryo Credit's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.70) |
Koryo Credit Information Backtested Returns
Koryo Credit Information has Sharpe Ratio of -0.0518, which conveys that the firm had a -0.0518% return per unit of risk over the last 3 months. Koryo Credit exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Koryo Credit's Risk Adjusted Performance of (0.05), standard deviation of 0.865, and Mean Deviation of 0.5842 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0415, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Koryo Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Koryo Credit is expected to be smaller as well. At this point, Koryo Credit Information has a negative expected return of -0.0454%. Please make sure to verify Koryo Credit's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Koryo Credit Information performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Koryo Credit Information has weak reverse predictability. Overlapping area represents the amount of predictability between Koryo Credit time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Koryo Credit Information price movement. The serial correlation of -0.23 indicates that over 23.0% of current Koryo Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 242.1 K |
Koryo Credit Information lagged returns against current returns
Autocorrelation, which is Koryo Credit 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 Koryo Credit's stock expected returns. We can calculate the autocorrelation of Koryo Credit returns to help us make a trade decision. For example, suppose you find that Koryo Credit 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 |
Koryo Credit 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 Koryo Credit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Koryo Credit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Koryo Credit stock over time.
Current vs Lagged Prices |
| Timeline |
Koryo Credit Lagged Returns
When evaluating Koryo Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Koryo Credit stock have on its future price. Koryo Credit 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, Koryo Credit autocorrelation shows the relationship between Koryo Credit stock current value and its past values and can show if there is a momentum factor associated with investing in Koryo Credit Information.
Regressed Prices |
| Timeline |
Pair Trading with Koryo Credit
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 Koryo Credit 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 Koryo Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with Koryo Stock
Moving against Koryo Stock
The ability to find closely correlated positions to Koryo Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Koryo Credit 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 Koryo Credit - 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 Koryo Credit Information to buy it.
The correlation of Koryo Credit 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 Koryo Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Koryo Credit Information 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 Koryo Credit 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 Koryo Stock
Koryo Credit financial ratios help investors to determine whether Koryo 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 Koryo with respect to the benefits of owning Koryo Credit security.