AfreecaTV (Korea) Market Value
| 067160 Stock | KRW 96,600 200.00 0.21% |
| Symbol | AfreecaTV |
AfreecaTV '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 AfreecaTV'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 AfreecaTV.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in AfreecaTV on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding AfreecaTV Co or generate 0.0% return on investment in AfreecaTV over 30 days. AfreecaTV is related to or competes with Daishin Balance, Wintec, Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, and Hanwha Aerospace. AfreecaTV Co., Ltd. provides Internet based television and video streaming services More
AfreecaTV 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 AfreecaTV'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 AfreecaTV Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.28 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 5.19 |
AfreecaTV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AfreecaTV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AfreecaTV's standard deviation. In reality, there are many statistical measures that can use AfreecaTV historical prices to predict the future AfreecaTV's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.1317 |
AfreecaTV Backtested Returns
AfreecaTV secures Sharpe Ratio (or Efficiency) of -0.0537, which signifies that the company had a -0.0537% return per unit of risk over the last 3 months. AfreecaTV Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AfreecaTV's Mean Deviation of 1.95, standard deviation of 2.5, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AfreecaTV are expected to decrease at a much lower rate. During the bear market, AfreecaTV is likely to outperform the market. At this point, AfreecaTV has a negative expected return of -0.13%. Please make sure to confirm AfreecaTV's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if AfreecaTV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
AfreecaTV Co has modest predictability. Overlapping area represents the amount of predictability between AfreecaTV time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 AfreecaTV price movement. The serial correlation of 0.55 indicates that about 55.0% of current AfreecaTV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 5.3 M |
AfreecaTV lagged returns against current returns
Autocorrelation, which is AfreecaTV 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 AfreecaTV's stock expected returns. We can calculate the autocorrelation of AfreecaTV returns to help us make a trade decision. For example, suppose you find that AfreecaTV 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 |
AfreecaTV 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 AfreecaTV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AfreecaTV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AfreecaTV stock over time.
Current vs Lagged Prices |
| Timeline |
AfreecaTV Lagged Returns
When evaluating AfreecaTV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AfreecaTV stock have on its future price. AfreecaTV 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, AfreecaTV autocorrelation shows the relationship between AfreecaTV stock current value and its past values and can show if there is a momentum factor associated with investing in AfreecaTV Co.
Regressed Prices |
| Timeline |
Pair Trading with AfreecaTV
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 AfreecaTV 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 AfreecaTV will appreciate offsetting losses from the drop in the long position's value.Moving together with AfreecaTV Stock
Moving against AfreecaTV Stock
| 0.7 | 105560 | KB Financial Group | PairCorr |
| 0.6 | 024110 | Industrial Bank | PairCorr |
| 0.46 | 373220 | LG Energy Solution | PairCorr |
| 0.42 | 000660 | SK Hynix | PairCorr |
The ability to find closely correlated positions to AfreecaTV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AfreecaTV 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 AfreecaTV - 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 AfreecaTV Co to buy it.
The correlation of AfreecaTV 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 AfreecaTV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AfreecaTV 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 AfreecaTV 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 AfreecaTV Stock
AfreecaTV financial ratios help investors to determine whether AfreecaTV 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 AfreecaTV with respect to the benefits of owning AfreecaTV security.