EXA EC (Korea) Market Value
| 054940 Stock | KRW 721.00 2.00 0.28% |
| Symbol | EXA |
EXA EC '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 EXA EC'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 EXA EC.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in EXA EC on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding EXA EC Inc or generate 0.0% return on investment in EXA EC over 180 days. EXA EC is related to or competes with Handok Clean, Pungguk Ethanol, Polaris Office, Hansol Homedeco, Hankook Furniture, and Hyundai Industrial. EXA EC Inc. manufactures and sells specialized construction and electronic components in South Korea More
EXA EC 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 EXA EC'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 EXA EC Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.29 |
EXA EC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EXA EC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EXA EC's standard deviation. In reality, there are many statistical measures that can use EXA EC historical prices to predict the future EXA EC's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.07 |
EXA EC Inc Backtested Returns
EXA EC Inc retains Efficiency (Sharpe Ratio) of -0.0927, which denotes the company had a -0.0927% return per unit of risk over the last 3 months. EXA EC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EXA EC's Variance of 3.25, standard deviation of 1.8, and Market Risk Adjusted Performance of 1.08 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EXA EC are expected to decrease at a much lower rate. During the bear market, EXA EC is likely to outperform the market. At this point, EXA EC Inc has a negative expected return of -0.17%. Please make sure to confirm EXA EC's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if EXA EC Inc performance from the past will be repeated in the future.
Auto-correlation | 0.27 |
Poor predictability
EXA EC Inc has poor predictability. Overlapping area represents the amount of predictability between EXA EC time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 EXA EC Inc price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current EXA EC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 623.05 |
EXA EC Inc lagged returns against current returns
Autocorrelation, which is EXA EC 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 EXA EC's stock expected returns. We can calculate the autocorrelation of EXA EC returns to help us make a trade decision. For example, suppose you find that EXA EC 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 |
EXA EC 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 EXA EC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EXA EC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EXA EC stock over time.
Current vs Lagged Prices |
| Timeline |
EXA EC Lagged Returns
When evaluating EXA EC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EXA EC stock have on its future price. EXA EC 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, EXA EC autocorrelation shows the relationship between EXA EC stock current value and its past values and can show if there is a momentum factor associated with investing in EXA EC Inc.
Regressed Prices |
| Timeline |
Pair Trading with EXA EC
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 EXA EC 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 EXA EC will appreciate offsetting losses from the drop in the long position's value.Moving together with EXA Stock
Moving against EXA Stock
| 0.48 | 105560 | KB Financial Group | PairCorr |
| 0.43 | 024110 | Industrial Bank | PairCorr |
| 0.33 | 032830 | Samsung Life | PairCorr |
The ability to find closely correlated positions to EXA EC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EXA EC 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 EXA EC - 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 EXA EC Inc to buy it.
The correlation of EXA EC 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 EXA EC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EXA EC Inc 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 EXA EC 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 EXA Stock
EXA EC financial ratios help investors to determine whether EXA 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 EXA with respect to the benefits of owning EXA EC security.