Mgame Corp (Korea) Market Value
| 058630 Stock | 5,610 200.00 3.44% |
| Symbol | Mgame |
Mgame Corp '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 Mgame Corp'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 Mgame Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Mgame Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mgame Corp or generate 0.0% return on investment in Mgame Corp over 30 days. Mgame Corp is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Mgame Corp 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 Mgame Corp'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 Mgame Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 21.68 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 4.82 |
Mgame Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mgame Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mgame Corp's standard deviation. In reality, there are many statistical measures that can use Mgame Corp historical prices to predict the future Mgame Corp's volatility.| Risk Adjusted Performance | 0.0029 | |||
| Jensen Alpha | 0.0886 | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 0.0307 |
Mgame Corp Backtested Returns
Mgame Corp has Sharpe Ratio of -0.0132, which conveys that the firm had a -0.0132% return per unit of risk over the last 3 months. Mgame Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mgame Corp's Risk Adjusted Performance of 0.0029, standard deviation of 3.47, and Mean Deviation of 2.25 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.05, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Mgame Corp are expected to decrease slowly. On the other hand, during market turmoil, Mgame Corp is expected to outperform it slightly. At this point, Mgame Corp has a negative expected return of -0.0488%. Please make sure to verify Mgame Corp's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Mgame Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Mgame Corp has poor predictability. Overlapping area represents the amount of predictability between Mgame Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Mgame Corp price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Mgame Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 221.5 K |
Mgame Corp lagged returns against current returns
Autocorrelation, which is Mgame Corp 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 Mgame Corp's stock expected returns. We can calculate the autocorrelation of Mgame Corp returns to help us make a trade decision. For example, suppose you find that Mgame Corp 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 |
Mgame Corp 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 Mgame Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mgame Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mgame Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Mgame Corp Lagged Returns
When evaluating Mgame Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mgame Corp stock have on its future price. Mgame Corp 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, Mgame Corp autocorrelation shows the relationship between Mgame Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Mgame Corp.
Regressed Prices |
| Timeline |
Pair Trading with Mgame Corp
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 Mgame Corp 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 Mgame Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Mgame Stock
The ability to find closely correlated positions to Mgame Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mgame Corp 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 Mgame Corp - 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 Mgame Corp to buy it.
The correlation of Mgame Corp 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 Mgame Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mgame Corp 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 Mgame Corp 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 Mgame Stock
Mgame Corp financial ratios help investors to determine whether Mgame 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 Mgame with respect to the benefits of owning Mgame Corp security.