Kortek (Korea) Market Value
| 052330 Stock | KRW 7,680 70.00 0.92% |
| Symbol | Kortek |
Kortek '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 Kortek'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 Kortek.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Kortek on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Kortek or generate 0.0% return on investment in Kortek over 720 days. Kortek is related to or competes with Korea Computer, Atec, Suprema ID, Korea Information, and Haesung Optics. Kortek Corporation develops, produces, and sells industrial displays in South Korea and internationally More
Kortek 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 Kortek'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 Kortek upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 2.27 |
Kortek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kortek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kortek's standard deviation. In reality, there are many statistical measures that can use Kortek historical prices to predict the future Kortek's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.028 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.5411 |
Kortek Backtested Returns
At this point, Kortek is very steady. Kortek has Sharpe Ratio of 0.0382, which conveys that the firm had a 0.0382% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kortek, which you can use to evaluate the volatility of the firm. Please verify Kortek's Mean Deviation of 0.912, risk adjusted performance of 0.0293, and Downside Deviation of 1.49 to check out if the risk estimate we provide is consistent with the expected return of 0.0573%. Kortek has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0666, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kortek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kortek is expected to be smaller as well. Kortek right now secures a risk of 1.5%. Please verify Kortek coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Kortek will be following its current price movements.
Auto-correlation | -0.48 |
Modest reverse predictability
Kortek has modest reverse predictability. Overlapping area represents the amount of predictability between Kortek time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Kortek price movement. The serial correlation of -0.48 indicates that about 48.0% of current Kortek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 270.3 K |
Kortek lagged returns against current returns
Autocorrelation, which is Kortek 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 Kortek's stock expected returns. We can calculate the autocorrelation of Kortek returns to help us make a trade decision. For example, suppose you find that Kortek 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 |
Kortek 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 Kortek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kortek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kortek stock over time.
Current vs Lagged Prices |
| Timeline |
Kortek Lagged Returns
When evaluating Kortek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kortek stock have on its future price. Kortek 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, Kortek autocorrelation shows the relationship between Kortek stock current value and its past values and can show if there is a momentum factor associated with investing in Kortek.
Regressed Prices |
| Timeline |
Pair Trading with Kortek
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 Kortek 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 Kortek will appreciate offsetting losses from the drop in the long position's value.Moving together with Kortek Stock
Moving against Kortek Stock
The ability to find closely correlated positions to Kortek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kortek 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 Kortek - 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 Kortek to buy it.
The correlation of Kortek 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 Kortek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kortek 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 Kortek 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 Kortek Stock
Kortek financial ratios help investors to determine whether Kortek 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 Kortek with respect to the benefits of owning Kortek security.