Robostar CoLtd (Korea) Market Value
| 090360 Stock | KRW 23,200 350.00 1.49% |
| Symbol | Robostar |
Robostar CoLtd '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 Robostar CoLtd'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 Robostar CoLtd.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Robostar CoLtd on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Robostar CoLtd or generate 0.0% return on investment in Robostar CoLtd over 30 days. Robostar CoLtd is related to or competes with Daou Data, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. Robostar Co., Ltd. manufactures and sells industrial robots, FPD equipment, and IT parts manufacturing and semiconductor... More
Robostar CoLtd 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 Robostar CoLtd'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 Robostar CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.75 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 4.68 |
Robostar CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Robostar CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Robostar CoLtd's standard deviation. In reality, there are many statistical measures that can use Robostar CoLtd historical prices to predict the future Robostar CoLtd's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.13) |
Robostar CoLtd Backtested Returns
Robostar CoLtd maintains Sharpe Ratio (i.e., Efficiency) of -0.0047, which implies the firm had a -0.0047% return per unit of risk over the last 3 months. Robostar CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Robostar CoLtd's Variance of 5.93, coefficient of variation of (3,119), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.66, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Robostar CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Robostar CoLtd is expected to be smaller as well. At this point, Robostar CoLtd has a negative expected return of -0.0118%. Please make sure to check Robostar CoLtd's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Robostar CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Robostar CoLtd has modest reverse predictability. Overlapping area represents the amount of predictability between Robostar CoLtd time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Robostar CoLtd price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Robostar CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 M |
Robostar CoLtd lagged returns against current returns
Autocorrelation, which is Robostar CoLtd 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 Robostar CoLtd's stock expected returns. We can calculate the autocorrelation of Robostar CoLtd returns to help us make a trade decision. For example, suppose you find that Robostar CoLtd 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 |
Robostar CoLtd 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 Robostar CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Robostar CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Robostar CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Robostar CoLtd Lagged Returns
When evaluating Robostar CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Robostar CoLtd stock have on its future price. Robostar CoLtd 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, Robostar CoLtd autocorrelation shows the relationship between Robostar CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Robostar CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Robostar CoLtd
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 Robostar CoLtd 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 Robostar CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with Robostar Stock
| 0.65 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.62 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.75 | 012700 | LEADCORP | PairCorr |
The ability to find closely correlated positions to Robostar CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Robostar CoLtd 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 Robostar CoLtd - 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 Robostar CoLtd to buy it.
The correlation of Robostar CoLtd 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 Robostar CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Robostar CoLtd 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 Robostar CoLtd 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 Robostar Stock
Robostar CoLtd financial ratios help investors to determine whether Robostar 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 Robostar with respect to the benefits of owning Robostar CoLtd security.