GalaxiaMoneytree (Korea) Market Value
| 094480 Stock | KRW 8,500 280.00 3.41% |
| Symbol | GalaxiaMoneytree |
GalaxiaMoneytree '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 GalaxiaMoneytree'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 GalaxiaMoneytree.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in GalaxiaMoneytree on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding GalaxiaMoneytree CoLtd or generate 0.0% return on investment in GalaxiaMoneytree over 30 days. GalaxiaMoneytree is related to or competes with Danal, Com2uS, NHN KCP, Wemade CoLtd, and AfreecaTV. Galaxia Communications Co., Ltd. develops and offers various payment solutions in wired and wireless network environment... More
GalaxiaMoneytree 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 GalaxiaMoneytree'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 GalaxiaMoneytree CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.44 | |||
| Information Ratio | 0.0555 | |||
| Maximum Drawdown | 36.15 | |||
| Value At Risk | (7.37) | |||
| Potential Upside | 7.39 |
GalaxiaMoneytree Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GalaxiaMoneytree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GalaxiaMoneytree's standard deviation. In reality, there are many statistical measures that can use GalaxiaMoneytree historical prices to predict the future GalaxiaMoneytree's volatility.| Risk Adjusted Performance | 0.0674 | |||
| Jensen Alpha | 0.1742 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.074 | |||
| Treynor Ratio | 0.1899 |
GalaxiaMoneytree CoLtd Backtested Returns
GalaxiaMoneytree appears to be very steady, given 3 months investment horizon. GalaxiaMoneytree CoLtd holds Efficiency (Sharpe) Ratio of 0.0603, which attests that the entity had a 0.0603% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for GalaxiaMoneytree CoLtd, which you can use to evaluate the volatility of the firm. Please utilize GalaxiaMoneytree's Market Risk Adjusted Performance of 0.1999, risk adjusted performance of 0.0674, and Downside Deviation of 4.44 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GalaxiaMoneytree holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 2.34, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GalaxiaMoneytree will likely underperform. Please check GalaxiaMoneytree's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether GalaxiaMoneytree's current trending patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
GalaxiaMoneytree CoLtd has virtually no predictability. Overlapping area represents the amount of predictability between GalaxiaMoneytree time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 GalaxiaMoneytree CoLtd price movement. The serial correlation of 0.06 indicates that barely 6.0% of current GalaxiaMoneytree price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 59.9 K |
GalaxiaMoneytree CoLtd lagged returns against current returns
Autocorrelation, which is GalaxiaMoneytree 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 GalaxiaMoneytree's stock expected returns. We can calculate the autocorrelation of GalaxiaMoneytree returns to help us make a trade decision. For example, suppose you find that GalaxiaMoneytree 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 |
GalaxiaMoneytree 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 GalaxiaMoneytree stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GalaxiaMoneytree stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GalaxiaMoneytree stock over time.
Current vs Lagged Prices |
| Timeline |
GalaxiaMoneytree Lagged Returns
When evaluating GalaxiaMoneytree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GalaxiaMoneytree stock have on its future price. GalaxiaMoneytree 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, GalaxiaMoneytree autocorrelation shows the relationship between GalaxiaMoneytree stock current value and its past values and can show if there is a momentum factor associated with investing in GalaxiaMoneytree CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with GalaxiaMoneytree
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 GalaxiaMoneytree 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 GalaxiaMoneytree will appreciate offsetting losses from the drop in the long position's value.Moving against GalaxiaMoneytree Stock
The ability to find closely correlated positions to GalaxiaMoneytree could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GalaxiaMoneytree 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 GalaxiaMoneytree - 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 GalaxiaMoneytree CoLtd to buy it.
The correlation of GalaxiaMoneytree 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 GalaxiaMoneytree moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GalaxiaMoneytree 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 GalaxiaMoneytree 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 GalaxiaMoneytree Stock
GalaxiaMoneytree financial ratios help investors to determine whether GalaxiaMoneytree 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 GalaxiaMoneytree with respect to the benefits of owning GalaxiaMoneytree security.