Next Bt (Korea) Market Value
| 065170 Stock | KRW 202.00 4.00 1.94% |
| Symbol | Next |
Next Bt '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 Next Bt'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 Next Bt.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Next Bt on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Next Bt Co or generate 0.0% return on investment in Next Bt over 360 days. Next Bt is related to or competes with Alton Sports, Iljin Display, Choil Aluminum, Dongbang Transport, and Jeju Semiconductor. Next BT Co., Ltd. sells health and beauty products in South Korea and internationally More
Next Bt 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 Next Bt'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 Next Bt Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 34.76 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 4.98 |
Next Bt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Next Bt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next Bt's standard deviation. In reality, there are many statistical measures that can use Next Bt historical prices to predict the future Next Bt's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (1.42) | |||
| Total Risk Alpha | (2.08) | |||
| Treynor Ratio | (1.26) |
Next Bt Backtested Returns
Next Bt has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23% return per unit of risk over the last 3 months. Next Bt exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Next Bt's Risk Adjusted Performance of (0.20), mean deviation of 2.45, and Standard Deviation of 4.74 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.02, which conveys a somewhat significant risk relative to the market. Next Bt returns are very sensitive to returns on the market. As the market goes up or down, Next Bt is expected to follow. At this point, Next Bt has a negative expected return of -1.15%. Please make sure to verify Next Bt's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Next Bt performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Next Bt Co has good reverse predictability. Overlapping area represents the amount of predictability between Next Bt time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Next Bt price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Next Bt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 16 K |
Next Bt lagged returns against current returns
Autocorrelation, which is Next Bt 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 Next Bt's stock expected returns. We can calculate the autocorrelation of Next Bt returns to help us make a trade decision. For example, suppose you find that Next Bt 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 |
Next Bt 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 Next Bt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Bt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next Bt stock over time.
Current vs Lagged Prices |
| Timeline |
Next Bt Lagged Returns
When evaluating Next Bt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next Bt stock have on its future price. Next Bt 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, Next Bt autocorrelation shows the relationship between Next Bt stock current value and its past values and can show if there is a momentum factor associated with investing in Next Bt Co.
Regressed Prices |
| Timeline |
Pair Trading with Next Bt
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 Next Bt 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 Next Bt will appreciate offsetting losses from the drop in the long position's value.Moving together with Next Stock
Moving against Next Stock
The ability to find closely correlated positions to Next Bt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Next Bt 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 Next Bt - 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 Next Bt Co to buy it.
The correlation of Next Bt 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 Next Bt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Next Bt 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 Next Bt 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 Next Stock
Next Bt financial ratios help investors to determine whether Next 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 Next with respect to the benefits of owning Next Bt security.