Korea Computer (Korea) Market Value
| 089150 Stock | KRW 2,465 180.00 7.88% |
| Symbol | Korea |
Korea Computer '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 Korea Computer'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 Korea Computer.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Korea Computer on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Korea Computer Terminal or generate 0.0% return on investment in Korea Computer over 720 days. Korea Computer is related to or competes with Seoul Food, Aprogen Healthcare, Hyunwoo Industrial, Cheryong Industrial, Pyung Hwa, and LG Household. Korea Computer Terminal Inc. manufactures and sells cutting-edge terminals in South Korea and internationally More
Korea Computer 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 Korea Computer'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 Korea Computer Terminal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.76 | |||
| Information Ratio | 0.0086 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (6.43) | |||
| Potential Upside | 5.34 |
Korea Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Computer's standard deviation. In reality, there are many statistical measures that can use Korea Computer historical prices to predict the future Korea Computer's volatility.| Risk Adjusted Performance | 0.0356 | |||
| Jensen Alpha | 0.3135 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.011 | |||
| Treynor Ratio | (0.13) |
Korea Computer Terminal Backtested Returns
Korea Computer appears to be very steady, given 3 months investment horizon. Korea Computer Terminal has Sharpe Ratio of 0.0632, which conveys that the firm had a 0.0632% return per unit of risk over the last 3 months. We have found thirty technical indicators for Korea Computer, which you can use to evaluate the volatility of the firm. Please exercise Korea Computer's Downside Deviation of 3.76, risk adjusted performance of 0.0356, and Mean Deviation of 2.68 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Korea Computer holds a performance score of 4. The company secures a Beta (Market Risk) of -1.26, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Korea Computer are expected to decrease by larger amounts. On the other hand, during market turmoil, Korea Computer is expected to outperform it. Please check Korea Computer's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Korea Computer's current price movements will revert.
Auto-correlation | 0.77 |
Good predictability
Korea Computer Terminal has good predictability. Overlapping area represents the amount of predictability between Korea Computer time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Korea Computer Terminal price movement. The serial correlation of 0.77 indicates that around 77.0% of current Korea Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 91.6 K |
Korea Computer Terminal lagged returns against current returns
Autocorrelation, which is Korea Computer 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 Korea Computer's stock expected returns. We can calculate the autocorrelation of Korea Computer returns to help us make a trade decision. For example, suppose you find that Korea Computer 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 |
Korea Computer 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 Korea Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Korea Computer Lagged Returns
When evaluating Korea Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Computer stock have on its future price. Korea Computer 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, Korea Computer autocorrelation shows the relationship between Korea Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Computer Terminal.
Regressed Prices |
| Timeline |
Pair Trading with Korea Computer
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 Korea Computer 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 Korea Computer will appreciate offsetting losses from the drop in the long position's value.Moving together with Korea Stock
Moving against Korea Stock
The ability to find closely correlated positions to Korea Computer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Computer 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 Korea Computer - 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 Korea Computer Terminal to buy it.
The correlation of Korea Computer 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 Korea Computer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Computer Terminal 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 Korea Computer 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 Korea Stock
Korea Computer financial ratios help investors to determine whether Korea 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 Korea with respect to the benefits of owning Korea Computer security.