INTEKPLUS (Korea) Market Value
| 064290 Stock | KRW 9,280 210.00 2.21% |
| Symbol | INTEKPLUS |
INTEKPLUS '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 INTEKPLUS'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 INTEKPLUS.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in INTEKPLUS on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding INTEKPLUS Co or generate 0.0% return on investment in INTEKPLUS over 570 days. INTEKPLUS is related to or competes with Dongil Technology, Daou Technology, Dongbu Insurance, Samsung Life, Koh Young, Korean Reinsurance, and Dgb Financial. INTEKPLUS Co., Ltd. develops and supplies semiconductor packages and PCB inspection equipment in East Asian countries an... More
INTEKPLUS 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 INTEKPLUS'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 INTEKPLUS Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 14.5 | |||
| Value At Risk | (6.84) | |||
| Potential Upside | 5.31 |
INTEKPLUS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INTEKPLUS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INTEKPLUS's standard deviation. In reality, there are many statistical measures that can use INTEKPLUS historical prices to predict the future INTEKPLUS's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.82) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | (2.25) |
INTEKPLUS Backtested Returns
INTEKPLUS holds Efficiency (Sharpe) Ratio of -0.23, which attests that the entity had a -0.23% return per unit of volatility over the last 3 months. INTEKPLUS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INTEKPLUS's risk adjusted performance of (0.17), and Market Risk Adjusted Performance of (2.24) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, INTEKPLUS's returns are expected to increase less than the market. However, during the bear market, the loss of holding INTEKPLUS is expected to be smaller as well. At this point, INTEKPLUS has a negative expected return of -0.74%. Please make sure to check out INTEKPLUS's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if INTEKPLUS performance from the past will be repeated at future time.
Auto-correlation | -0.25 |
Weak reverse predictability
INTEKPLUS Co has weak reverse predictability. Overlapping area represents the amount of predictability between INTEKPLUS time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 INTEKPLUS price movement. The serial correlation of -0.25 indicates that over 25.0% of current INTEKPLUS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 82.9 M |
INTEKPLUS lagged returns against current returns
Autocorrelation, which is INTEKPLUS 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 INTEKPLUS's stock expected returns. We can calculate the autocorrelation of INTEKPLUS returns to help us make a trade decision. For example, suppose you find that INTEKPLUS 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 |
INTEKPLUS 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 INTEKPLUS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INTEKPLUS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INTEKPLUS stock over time.
Current vs Lagged Prices |
| Timeline |
INTEKPLUS Lagged Returns
When evaluating INTEKPLUS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INTEKPLUS stock have on its future price. INTEKPLUS 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, INTEKPLUS autocorrelation shows the relationship between INTEKPLUS stock current value and its past values and can show if there is a momentum factor associated with investing in INTEKPLUS Co.
Regressed Prices |
| Timeline |
Pair Trading with INTEKPLUS
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 INTEKPLUS 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 INTEKPLUS will appreciate offsetting losses from the drop in the long position's value.Moving together with INTEKPLUS Stock
The ability to find closely correlated positions to INTEKPLUS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INTEKPLUS 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 INTEKPLUS - 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 INTEKPLUS Co to buy it.
The correlation of INTEKPLUS 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 INTEKPLUS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INTEKPLUS 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 INTEKPLUS 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 INTEKPLUS Stock
INTEKPLUS financial ratios help investors to determine whether INTEKPLUS 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 INTEKPLUS with respect to the benefits of owning INTEKPLUS security.