Wonik QnC (Korea) Market Value
| 074600 Stock | KRW 19,790 140.00 0.70% |
| Symbol | Wonik |
Wonik QnC '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 Wonik QnC'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 Wonik QnC.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Wonik QnC on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Wonik QnC or generate 0.0% return on investment in Wonik QnC over 270 days. Wonik QnC is related to or competes with Korea Information, BGF Retail, Daishin Information, FNC Entertainment, Kaonmedia, and Visang Education. Wonik QnC Corporationration, together with its subsidiaries, manufactures and sells quartz and ceramic wares used in the production of semiconductor wafers. More
Wonik QnC 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 Wonik QnC'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 Wonik QnC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 15.34 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 3.37 |
Wonik QnC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wonik QnC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wonik QnC's standard deviation. In reality, there are many statistical measures that can use Wonik QnC historical prices to predict the future Wonik QnC's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 2.08 |
Wonik QnC Backtested Returns
Wonik QnC shows Sharpe Ratio of -0.19, which attests that the company had a -0.19% return per unit of risk over the last 3 months. Wonik QnC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wonik QnC's Mean Deviation of 2.03, standard deviation of 2.7, and Market Risk Adjusted Performance of 2.09 to validate the risk estimate we provide. The firm maintains a market beta of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wonik QnC are expected to decrease at a much lower rate. During the bear market, Wonik QnC is likely to outperform the market. At this point, Wonik QnC has a negative expected return of -0.52%. Please make sure to check out Wonik QnC's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Wonik QnC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Wonik QnC has excellent reverse predictability. Overlapping area represents the amount of predictability between Wonik QnC time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Wonik QnC price movement. The serial correlation of -0.81 indicates that around 81.0% of current Wonik QnC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 15.4 M |
Wonik QnC lagged returns against current returns
Autocorrelation, which is Wonik QnC 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 Wonik QnC's stock expected returns. We can calculate the autocorrelation of Wonik QnC returns to help us make a trade decision. For example, suppose you find that Wonik QnC 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 |
Wonik QnC 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 Wonik QnC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wonik QnC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wonik QnC stock over time.
Current vs Lagged Prices |
| Timeline |
Wonik QnC Lagged Returns
When evaluating Wonik QnC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wonik QnC stock have on its future price. Wonik QnC 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, Wonik QnC autocorrelation shows the relationship between Wonik QnC stock current value and its past values and can show if there is a momentum factor associated with investing in Wonik QnC.
Regressed Prices |
| Timeline |
Pair Trading with Wonik QnC
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 Wonik QnC 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 Wonik QnC will appreciate offsetting losses from the drop in the long position's value.Moving together with Wonik Stock
The ability to find closely correlated positions to Wonik QnC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wonik QnC 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 Wonik QnC - 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 Wonik QnC to buy it.
The correlation of Wonik QnC 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 Wonik QnC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wonik QnC 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 Wonik QnC 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 Wonik Stock
Wonik QnC financial ratios help investors to determine whether Wonik 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 Wonik with respect to the benefits of owning Wonik QnC security.