Kepco Plant (Korea) Market Value
| 051600 Stock | 46,850 350.00 0.74% |
| Symbol | Kepco |
Kepco Plant '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 Kepco Plant'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 Kepco Plant.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Kepco Plant on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Kepco Plant S or generate 0.0% return on investment in Kepco Plant over 180 days. Kepco Plant is related to or competes with Korea New, ICD, DYPNF CoLtd, Busan Industrial, Finebesteel, Shinhan Inverse, and Hyundai Heavy. More
Kepco Plant 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 Kepco Plant'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 Kepco Plant S upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | 0.0136 | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.6 |
Kepco Plant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kepco Plant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kepco Plant's standard deviation. In reality, there are many statistical measures that can use Kepco Plant historical prices to predict the future Kepco Plant's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 0.1134 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0117 | |||
| Treynor Ratio | 0.6374 |
Kepco Plant S Backtested Returns
Kepco Plant appears to be very steady, given 3 months investment horizon. Kepco Plant S has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kepco Plant, which you can use to evaluate the volatility of the firm. Please exercise Kepco Plant's Risk Adjusted Performance of 0.0726, mean deviation of 1.26, and Downside Deviation of 1.99 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kepco Plant holds a performance score of 11. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kepco Plant's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kepco Plant is expected to be smaller as well. Please check Kepco Plant's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Kepco Plant's current price movements will revert.
Auto-correlation | 0.81 |
Very good predictability
Kepco Plant S has very good predictability. Overlapping area represents the amount of predictability between Kepco Plant time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Kepco Plant S price movement. The serial correlation of 0.81 indicates that around 81.0% of current Kepco Plant price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 3.6 M |
Kepco Plant S lagged returns against current returns
Autocorrelation, which is Kepco Plant 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 Kepco Plant's stock expected returns. We can calculate the autocorrelation of Kepco Plant returns to help us make a trade decision. For example, suppose you find that Kepco Plant 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 |
Kepco Plant 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 Kepco Plant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kepco Plant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kepco Plant stock over time.
Current vs Lagged Prices |
| Timeline |
Kepco Plant Lagged Returns
When evaluating Kepco Plant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kepco Plant stock have on its future price. Kepco Plant 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, Kepco Plant autocorrelation shows the relationship between Kepco Plant stock current value and its past values and can show if there is a momentum factor associated with investing in Kepco Plant S.
Regressed Prices |
| Timeline |
Pair Trading with Kepco Plant
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 Kepco Plant 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 Kepco Plant will appreciate offsetting losses from the drop in the long position's value.Moving together with Kepco Stock
Moving against Kepco Stock
| 0.65 | 005930 | Samsung Electronics | PairCorr |
| 0.62 | 005935 | Samsung Electronics | PairCorr |
| 0.55 | 005380 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Kepco Plant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kepco Plant 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 Kepco Plant - 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 Kepco Plant S to buy it.
The correlation of Kepco Plant 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 Kepco Plant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kepco Plant S 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 Kepco Plant 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 Kepco Stock
Kepco Plant financial ratios help investors to determine whether Kepco 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 Kepco with respect to the benefits of owning Kepco Plant security.