WISE ITech (Korea) Market Value
| 065370 Stock | KRW 4,165 155.00 3.87% |
| Symbol | WISE |
WISE ITech '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 WISE ITech'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 WISE ITech.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in WISE ITech on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding WISE iTech Co or generate 0.0% return on investment in WISE ITech over 180 days. WISE ITech is related to or competes with VAIV, FLITTO, Innodep, and . WISE iTech Co., Ltd. provides machine learning, big data analysis, data quality, and public data opening solutions More
WISE ITech 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 WISE ITech'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 WISE iTech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 13.84 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 3.0 |
WISE ITech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WISE ITech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WISE ITech's standard deviation. In reality, there are many statistical measures that can use WISE ITech historical prices to predict the future WISE ITech's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (4.26) |
WISE iTech Backtested Returns
WISE iTech shows Sharpe Ratio of -0.15, which attests that the company had a -0.15% return per unit of risk over the last 3 months. WISE iTech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WISE ITech's Standard Deviation of 2.24, mean deviation of 1.51, and Market Risk Adjusted Performance of (4.25) to validate the risk estimate we provide. The firm maintains a market beta of 0.0658, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WISE ITech's returns are expected to increase less than the market. However, during the bear market, the loss of holding WISE ITech is expected to be smaller as well. At this point, WISE iTech has a negative expected return of -0.33%. Please make sure to check out WISE ITech's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if WISE iTech performance from the past will be repeated at some future point.
Auto-correlation | 0.80 |
Very good predictability
WISE iTech Co has very good predictability. Overlapping area represents the amount of predictability between WISE ITech time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 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 WISE iTech price movement. The serial correlation of 0.8 indicates that around 80.0% of current WISE ITech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 89.5 K |
WISE iTech lagged returns against current returns
Autocorrelation, which is WISE ITech 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 WISE ITech's stock expected returns. We can calculate the autocorrelation of WISE ITech returns to help us make a trade decision. For example, suppose you find that WISE ITech 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 |
WISE ITech 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 WISE ITech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WISE ITech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WISE ITech stock over time.
Current vs Lagged Prices |
| Timeline |
WISE ITech Lagged Returns
When evaluating WISE ITech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WISE ITech stock have on its future price. WISE ITech 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, WISE ITech autocorrelation shows the relationship between WISE ITech stock current value and its past values and can show if there is a momentum factor associated with investing in WISE iTech Co.
Regressed Prices |
| Timeline |
Pair Trading with WISE ITech
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 WISE ITech 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 WISE ITech will appreciate offsetting losses from the drop in the long position's value.Moving together with WISE Stock
Moving against WISE Stock
The ability to find closely correlated positions to WISE ITech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WISE ITech 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 WISE ITech - 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 WISE iTech Co to buy it.
The correlation of WISE ITech 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 WISE ITech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WISE iTech 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 WISE ITech 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 WISE Stock
WISE ITech financial ratios help investors to determine whether WISE 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 WISE with respect to the benefits of owning WISE ITech security.