Partron (Korea) Market Value
| 091700 Stock | KRW 7,280 80.00 1.11% |
| Symbol | Partron |
Partron '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 Partron'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 Partron.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Partron on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Partron Co or generate 0.0% return on investment in Partron over 30 days. Partron is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Partron Co., Ltd. manufactures and sells components for mobile phones and telecommunication systems in South Korea and i... More
Partron 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 Partron'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 Partron Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.14 |
Partron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Partron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Partron's standard deviation. In reality, there are many statistical measures that can use Partron historical prices to predict the future Partron's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 2.52 |
Partron Backtested Returns
Partron maintains Sharpe Ratio (i.e., Efficiency) of -0.0354, which implies the firm had a -0.0354% return per unit of risk over the last 3 months. Partron exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Partron's Risk Adjusted Performance of (0.01), variance of 1.84, and Coefficient Of Variation of (3,954) to confirm the risk estimate we provide. The company holds a Beta of -0.0176, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Partron are expected to decrease at a much lower rate. During the bear market, Partron is likely to outperform the market. At this point, Partron has a negative expected return of -0.0504%. Please make sure to check Partron's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Partron performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Partron Co has average predictability. Overlapping area represents the amount of predictability between Partron 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 Partron price movement. The serial correlation of 0.47 indicates that about 47.0% of current Partron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 20.9 K |
Partron lagged returns against current returns
Autocorrelation, which is Partron 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 Partron's stock expected returns. We can calculate the autocorrelation of Partron returns to help us make a trade decision. For example, suppose you find that Partron 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 |
Partron 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 Partron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Partron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Partron stock over time.
Current vs Lagged Prices |
| Timeline |
Partron Lagged Returns
When evaluating Partron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Partron stock have on its future price. Partron 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, Partron autocorrelation shows the relationship between Partron stock current value and its past values and can show if there is a momentum factor associated with investing in Partron Co.
Regressed Prices |
| Timeline |
Pair Trading with Partron
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 Partron 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 Partron will appreciate offsetting losses from the drop in the long position's value.Moving together with Partron Stock
The ability to find closely correlated positions to Partron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Partron 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 Partron - 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 Partron Co to buy it.
The correlation of Partron 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 Partron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Partron 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 Partron 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 Partron Stock
Partron financial ratios help investors to determine whether Partron 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 Partron with respect to the benefits of owning Partron security.