Mobile Appliance (Korea) Market Value
| 087260 Stock | 2,265 25.00 1.12% |
| Symbol | Mobile |
Please note, there is a significant difference between Mobile Appliance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mobile Appliance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mobile Appliance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mobile Appliance '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 Mobile Appliance'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 Mobile Appliance.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mobile Appliance on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mobile Appliance or generate 0.0% return on investment in Mobile Appliance over 30 days. Mobile Appliance is related to or competes with Automobile, Korean Reinsurance, DSC Investment, Stic Investments, EBEST Investment, and Dongbang Transport. More
Mobile Appliance 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 Mobile Appliance'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 Mobile Appliance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 20.24 | |||
| Value At Risk | (4.99) | |||
| Potential Upside | 6.16 |
Mobile Appliance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mobile Appliance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mobile Appliance's standard deviation. In reality, there are many statistical measures that can use Mobile Appliance historical prices to predict the future Mobile Appliance's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.0114 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1373 |
Mobile Appliance Backtested Returns
At this point, Mobile Appliance is very steady. Mobile Appliance has Sharpe Ratio of 0.0221, which conveys that the firm had a 0.0221% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mobile Appliance, which you can use to evaluate the volatility of the firm. Please verify Mobile Appliance's Risk Adjusted Performance of 0.0308, mean deviation of 2.27, and Downside Deviation of 2.62 to check out if the risk estimate we provide is consistent with the expected return of 0.0775%. Mobile Appliance has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mobile Appliance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mobile Appliance is expected to be smaller as well. Mobile Appliance right now secures a risk of 3.51%. Please verify Mobile Appliance market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Mobile Appliance will be following its current price movements.
Auto-correlation | 0.09 |
Virtually no predictability
Mobile Appliance has virtually no predictability. Overlapping area represents the amount of predictability between Mobile Appliance time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Mobile Appliance price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Mobile Appliance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 8537.5 |
Mobile Appliance lagged returns against current returns
Autocorrelation, which is Mobile Appliance 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 Mobile Appliance's stock expected returns. We can calculate the autocorrelation of Mobile Appliance returns to help us make a trade decision. For example, suppose you find that Mobile Appliance 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 |
Mobile Appliance 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 Mobile Appliance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mobile Appliance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mobile Appliance stock over time.
Current vs Lagged Prices |
| Timeline |
Mobile Appliance Lagged Returns
When evaluating Mobile Appliance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mobile Appliance stock have on its future price. Mobile Appliance 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, Mobile Appliance autocorrelation shows the relationship between Mobile Appliance stock current value and its past values and can show if there is a momentum factor associated with investing in Mobile Appliance.
Regressed Prices |
| Timeline |
Pair Trading with Mobile Appliance
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 Mobile Appliance 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 Mobile Appliance will appreciate offsetting losses from the drop in the long position's value.Moving against Mobile Stock
The ability to find closely correlated positions to Mobile Appliance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mobile Appliance 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 Mobile Appliance - 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 Mobile Appliance to buy it.
The correlation of Mobile Appliance 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 Mobile Appliance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mobile Appliance 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 Mobile Appliance 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 Mobile Stock
Mobile Appliance financial ratios help investors to determine whether Mobile 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 Mobile with respect to the benefits of owning Mobile Appliance security.