Nara Mold (Korea) Market Value
| 051490 Stock | KRW 4,115 45.00 1.08% |
| Symbol | Nara |
Nara Mold '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 Nara Mold'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 Nara Mold.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Nara Mold on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Nara Mold Die or generate 0.0% return on investment in Nara Mold over 720 days. Nara Mold is related to or competes with Tae Kyung, Ssangyong Information, Genie Music, SH Energy, Kukdo Chemical, Seoul Electronics, and Hannong Chemicals. Nara Mold Die Co., Ltd. manufactures and sells press dies, plastic molds, stamped parts, and assembly parts in South Kor... More
Nara Mold 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 Nara Mold'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 Nara Mold Die upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 22.92 | |||
| Value At Risk | (5.95) | |||
| Potential Upside | 7.82 |
Nara Mold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nara Mold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nara Mold's standard deviation. In reality, there are many statistical measures that can use Nara Mold historical prices to predict the future Nara Mold's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 0.8854 |
Nara Mold Die Backtested Returns
Nara Mold Die has Sharpe Ratio of -0.0274, which conveys that the firm had a -0.0274% return per unit of risk over the last 3 months. Nara Mold exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nara Mold's Mean Deviation of 2.6, risk adjusted performance of (0.02), and Standard Deviation of 3.8 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nara Mold are expected to decrease at a much lower rate. During the bear market, Nara Mold is likely to outperform the market. At this point, Nara Mold Die has a negative expected return of -0.11%. Please make sure to verify Nara Mold's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Nara Mold Die performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Nara Mold Die has very weak reverse predictability. Overlapping area represents the amount of predictability between Nara Mold time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Nara Mold Die price movement. The serial correlation of -0.03 indicates that only 3.0% of current Nara Mold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 370 K |
Nara Mold Die lagged returns against current returns
Autocorrelation, which is Nara Mold 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 Nara Mold's stock expected returns. We can calculate the autocorrelation of Nara Mold returns to help us make a trade decision. For example, suppose you find that Nara Mold 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 |
Nara Mold 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 Nara Mold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nara Mold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nara Mold stock over time.
Current vs Lagged Prices |
| Timeline |
Nara Mold Lagged Returns
When evaluating Nara Mold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nara Mold stock have on its future price. Nara Mold 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, Nara Mold autocorrelation shows the relationship between Nara Mold stock current value and its past values and can show if there is a momentum factor associated with investing in Nara Mold Die.
Regressed Prices |
| Timeline |
Pair Trading with Nara Mold
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 Nara Mold 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 Nara Mold will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nara Mold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nara Mold 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 Nara Mold - 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 Nara Mold Die to buy it.
The correlation of Nara Mold 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 Nara Mold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nara Mold Die 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 Nara Mold 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 Nara Stock
Nara Mold financial ratios help investors to determine whether Nara 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 Nara with respect to the benefits of owning Nara Mold security.