LabGenomics (Korea) Market Value
| 084650 Stock | KRW 2,630 75.00 2.77% |
| Symbol | LabGenomics |
LabGenomics '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 LabGenomics' 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 LabGenomics.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in LabGenomics on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding LabGenomics Co or generate 0.0% return on investment in LabGenomics over 720 days. LabGenomics is related to or competes with Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, and Fine Besteel. More
LabGenomics 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 LabGenomics' 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 LabGenomics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 25.83 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 9.65 |
LabGenomics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LabGenomics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LabGenomics' standard deviation. In reality, there are many statistical measures that can use LabGenomics historical prices to predict the future LabGenomics' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.48) | |||
| Treynor Ratio | (2.09) |
LabGenomics Backtested Returns
LabGenomics has Sharpe Ratio of -0.0706, which conveys that the firm had a -0.0706% return per unit of risk over the last 3 months. LabGenomics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LabGenomics' Standard Deviation of 5.23, risk adjusted performance of (0.09), and Mean Deviation of 3.62 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LabGenomics' returns are expected to increase less than the market. However, during the bear market, the loss of holding LabGenomics is expected to be smaller as well. At this point, LabGenomics has a negative expected return of -0.32%. Please make sure to verify LabGenomics' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if LabGenomics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
LabGenomics Co has virtually no predictability. Overlapping area represents the amount of predictability between LabGenomics time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 LabGenomics price movement. The serial correlation of 0.01 indicates that just 1.0% of current LabGenomics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 364.8 K |
LabGenomics lagged returns against current returns
Autocorrelation, which is LabGenomics 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 LabGenomics' stock expected returns. We can calculate the autocorrelation of LabGenomics returns to help us make a trade decision. For example, suppose you find that LabGenomics 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 |
LabGenomics 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 LabGenomics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LabGenomics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LabGenomics stock over time.
Current vs Lagged Prices |
| Timeline |
LabGenomics Lagged Returns
When evaluating LabGenomics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LabGenomics stock have on its future price. LabGenomics 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, LabGenomics autocorrelation shows the relationship between LabGenomics stock current value and its past values and can show if there is a momentum factor associated with investing in LabGenomics Co.
Regressed Prices |
| Timeline |
Pair Trading with LabGenomics
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 LabGenomics 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 LabGenomics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to LabGenomics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LabGenomics 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 LabGenomics - 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 LabGenomics Co to buy it.
The correlation of LabGenomics 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 LabGenomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LabGenomics 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 LabGenomics 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 LabGenomics Stock
LabGenomics financial ratios help investors to determine whether LabGenomics 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 LabGenomics with respect to the benefits of owning LabGenomics security.