Wonbang Tech (Korea) Market Value
| 053080 Stock | KRW 13,950 70.00 0.50% |
| Symbol | Wonbang |
Wonbang Tech '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 Wonbang Tech'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 Wonbang Tech.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Wonbang Tech on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Wonbang Tech Co or generate 0.0% return on investment in Wonbang Tech over 720 days. Wonbang Tech is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. Wonbang Tech Co., Ltd. engages in the engineering business in South Korea More
Wonbang Tech 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 Wonbang Tech'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 Wonbang Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 30.67 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 4.37 |
Wonbang Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wonbang Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wonbang Tech's standard deviation. In reality, there are many statistical measures that can use Wonbang Tech historical prices to predict the future Wonbang Tech's volatility.| Risk Adjusted Performance | 0.0094 | |||
| Jensen Alpha | 0.1342 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0028 |
Wonbang Tech Backtested Returns
Wonbang Tech shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of risk over the last 3 months. Wonbang Tech exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wonbang Tech's Mean Deviation of 2.67, market risk adjusted performance of 0.0128, and Downside Deviation of 3.1 to validate the risk estimate we provide. The firm maintains a market beta of -1.16, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Wonbang Tech are expected to decrease by larger amounts. On the other hand, during market turmoil, Wonbang Tech is expected to outperform it. At this point, Wonbang Tech has a negative expected return of -0.38%. Please make sure to check out Wonbang Tech's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Wonbang Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Wonbang Tech Co has modest reverse predictability. Overlapping area represents the amount of predictability between Wonbang Tech time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Wonbang Tech price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Wonbang Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 4.4 M |
Wonbang Tech lagged returns against current returns
Autocorrelation, which is Wonbang Tech 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 Wonbang Tech's stock expected returns. We can calculate the autocorrelation of Wonbang Tech returns to help us make a trade decision. For example, suppose you find that Wonbang Tech 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 |
Wonbang Tech 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 Wonbang Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wonbang Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wonbang Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Wonbang Tech Lagged Returns
When evaluating Wonbang Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wonbang Tech stock have on its future price. Wonbang Tech 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, Wonbang Tech autocorrelation shows the relationship between Wonbang Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Wonbang Tech Co.
Regressed Prices |
| Timeline |
Pair Trading with Wonbang Tech
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 Wonbang Tech 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 Wonbang Tech will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Wonbang Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wonbang Tech 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 Wonbang Tech - 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 Wonbang Tech Co to buy it.
The correlation of Wonbang Tech 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 Wonbang Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wonbang Tech 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 Wonbang Tech 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 Wonbang Stock
Wonbang Tech financial ratios help investors to determine whether Wonbang 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 Wonbang with respect to the benefits of owning Wonbang Tech security.