Showbox Corp (Korea) Market Value
| 086980 Stock | KRW 4,355 35.00 0.81% |
| Symbol | Showbox |
Showbox Corp '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 Showbox Corp'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 Showbox Corp.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Showbox Corp on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Showbox Corp or generate 0.0% return on investment in Showbox Corp over 30 days. Showbox Corp is related to or competes with Daejoo Electronic, Nable Communications, Hanmi Semiconductor, Samji Electronics, Shinil Electronics, Innowireless, and ABCO Electronics. Showbox Corporation operates as a multiintegrated motion picture studio in Korea and internationally. More
Showbox Corp 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 Showbox Corp'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 Showbox Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | 0.0414 | |||
| Maximum Drawdown | 22.88 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 2.66 |
Showbox Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Showbox Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Showbox Corp's standard deviation. In reality, there are many statistical measures that can use Showbox Corp historical prices to predict the future Showbox Corp's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.3215 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0487 | |||
| Treynor Ratio | (0.35) |
Showbox Corp Backtested Returns
Showbox Corp appears to be very steady, given 3 months investment horizon. Showbox Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Showbox Corp, which you can use to evaluate the volatility of the company. Please review Showbox Corp's Semi Deviation of 2.14, risk adjusted performance of 0.074, and Coefficient Of Variation of 1150.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Showbox Corp holds a performance score of 8. The entity has a beta of -0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Showbox Corp are expected to decrease at a much lower rate. During the bear market, Showbox Corp is likely to outperform the market. Please check Showbox Corp's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Showbox Corp's existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Showbox Corp has poor predictability. Overlapping area represents the amount of predictability between Showbox Corp time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Showbox Corp price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Showbox Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 10 K |
Showbox Corp lagged returns against current returns
Autocorrelation, which is Showbox Corp 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 Showbox Corp's stock expected returns. We can calculate the autocorrelation of Showbox Corp returns to help us make a trade decision. For example, suppose you find that Showbox Corp 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 |
Showbox Corp 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 Showbox Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Showbox Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Showbox Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Showbox Corp Lagged Returns
When evaluating Showbox Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Showbox Corp stock have on its future price. Showbox Corp 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, Showbox Corp autocorrelation shows the relationship between Showbox Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Showbox Corp.
Regressed Prices |
| Timeline |
Pair Trading with Showbox Corp
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 Showbox Corp 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 Showbox Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Showbox Stock
| 0.8 | 217270 | Daishin Balance 1 | PairCorr |
| 0.68 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.68 | 106240 | Finetechnix CoLtd | PairCorr |
| 0.54 | 336260 | Doosan Fuel Cell | PairCorr |
| 0.48 | 293780 | AptaBio Therapeutics | PairCorr |
The ability to find closely correlated positions to Showbox Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Showbox Corp 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 Showbox Corp - 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 Showbox Corp to buy it.
The correlation of Showbox Corp 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 Showbox Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Showbox Corp 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 Showbox Corp 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 Showbox Stock
Showbox Corp financial ratios help investors to determine whether Showbox 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 Showbox with respect to the benefits of owning Showbox Corp security.