NexturnBioscience (Korea) Market Value
| 089140 Stock | KRW 3,450 240.00 6.50% |
| Symbol | NexturnBioscience |
NexturnBioscience '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 NexturnBioscience'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 NexturnBioscience.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in NexturnBioscience on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding NexturnBioscience Co or generate 0.0% return on investment in NexturnBioscience over 360 days. NexturnBioscience is related to or competes with Rainbow Robotics, COWINTECH, CS BEARING, DAEMO Engineering, and HS Valve. ,Ltd. develops and produces CNC automatic lathe machines in Korea and internationally More
NexturnBioscience 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 NexturnBioscience'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 NexturnBioscience Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.12 | |||
| Information Ratio | 0.0379 | |||
| Maximum Drawdown | 44.3 | |||
| Value At Risk | (9.37) | |||
| Potential Upside | 8.97 |
NexturnBioscience Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NexturnBioscience's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NexturnBioscience's standard deviation. In reality, there are many statistical measures that can use NexturnBioscience historical prices to predict the future NexturnBioscience's volatility.| Risk Adjusted Performance | 0.051 | |||
| Jensen Alpha | 0.6754 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.0577 | |||
| Treynor Ratio | (0.19) |
NexturnBioscience Backtested Returns
NexturnBioscience appears to be very steady, given 3 months investment horizon. NexturnBioscience has Sharpe Ratio of 0.0602, which conveys that the firm had a 0.0602% return per unit of risk over the last 3 months. We have found thirty technical indicators for NexturnBioscience, which you can use to evaluate the volatility of the firm. Please exercise NexturnBioscience's Risk Adjusted Performance of 0.051, downside deviation of 5.12, and Mean Deviation of 4.48 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NexturnBioscience holds a performance score of 4. The company secures a Beta (Market Risk) of -2.15, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NexturnBioscience are expected to decrease by larger amounts. On the other hand, during market turmoil, NexturnBioscience is expected to outperform it. Please check NexturnBioscience's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether NexturnBioscience's current price movements will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
NexturnBioscience Co has weak reverse predictability. Overlapping area represents the amount of predictability between NexturnBioscience time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 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 NexturnBioscience price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current NexturnBioscience price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 327.9 K |
NexturnBioscience lagged returns against current returns
Autocorrelation, which is NexturnBioscience 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 NexturnBioscience's stock expected returns. We can calculate the autocorrelation of NexturnBioscience returns to help us make a trade decision. For example, suppose you find that NexturnBioscience 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 |
NexturnBioscience 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 NexturnBioscience stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NexturnBioscience stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NexturnBioscience stock over time.
Current vs Lagged Prices |
| Timeline |
NexturnBioscience Lagged Returns
When evaluating NexturnBioscience's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NexturnBioscience stock have on its future price. NexturnBioscience 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, NexturnBioscience autocorrelation shows the relationship between NexturnBioscience stock current value and its past values and can show if there is a momentum factor associated with investing in NexturnBioscience Co.
Regressed Prices |
| Timeline |
Pair Trading with NexturnBioscience
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 NexturnBioscience 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 NexturnBioscience will appreciate offsetting losses from the drop in the long position's value.Moving against NexturnBioscience Stock
| 0.71 | 039610 | HS Valve | PairCorr |
| 0.64 | 059270 | Haisung TPC | PairCorr |
| 0.61 | 277810 | Rainbow Robotics | PairCorr |
| 0.44 | 297090 | CS BEARING CoLtd | PairCorr |
| 0.43 | 317830 | SP Systems CoLtd | PairCorr |
The ability to find closely correlated positions to NexturnBioscience could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NexturnBioscience 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 NexturnBioscience - 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 NexturnBioscience Co to buy it.
The correlation of NexturnBioscience 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 NexturnBioscience moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NexturnBioscience 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 NexturnBioscience 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 NexturnBioscience Stock
NexturnBioscience financial ratios help investors to determine whether NexturnBioscience 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 NexturnBioscience with respect to the benefits of owning NexturnBioscience security.