Asia Technology (Korea) Market Value
| 050860 Stock | KRW 2,170 70.00 3.12% |
| Symbol | Asia |
Asia Technology '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 Asia Technology'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 Asia Technology.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Asia Technology on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Technology Co or generate 0.0% return on investment in Asia Technology over 30 days. Asia Technology is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Hyundai, Hyundai, KB Financial, and POSCO Holdings. Asia Agricultural Machinery Co., Ltd. develops, manufactures, and markets agricultural machinery in Korea and internationally. More
Asia Technology 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 Asia Technology'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 Asia Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.27 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 2.27 |
Asia Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Technology's standard deviation. In reality, there are many statistical measures that can use Asia Technology historical prices to predict the future Asia Technology's volatility.| Risk Adjusted Performance | 0.0056 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.07) |
Asia Technology Backtested Returns
Asia Technology secures Sharpe Ratio (or Efficiency) of -0.0094, which signifies that the company had a -0.0094% return per unit of risk over the last 3 months. Asia Technology Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Technology's Downside Deviation of 1.83, mean deviation of 1.1, and Risk Adjusted Performance of 0.0056 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Technology is expected to be smaller as well. At this point, Asia Technology has a negative expected return of -0.0146%. Please make sure to confirm Asia Technology's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Asia Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Asia Technology Co has weak reverse predictability. Overlapping area represents the amount of predictability between Asia Technology time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Asia Technology price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Asia Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 3147.52 |
Asia Technology lagged returns against current returns
Autocorrelation, which is Asia Technology 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 Asia Technology's stock expected returns. We can calculate the autocorrelation of Asia Technology returns to help us make a trade decision. For example, suppose you find that Asia Technology 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 |
Asia Technology 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 Asia Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Technology Lagged Returns
When evaluating Asia Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Technology stock have on its future price. Asia Technology 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, Asia Technology autocorrelation shows the relationship between Asia Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Asia Technology
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 Asia Technology 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 Asia Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Asia Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Technology 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 Asia Technology - 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 Asia Technology Co to buy it.
The correlation of Asia Technology 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 Asia Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Technology 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 Asia Technology 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 Asia Stock
Asia Technology financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Technology security.