Puloon Technology (Korea) Market Value
| 094940 Stock | KRW 6,020 10.00 0.17% |
| Symbol | Puloon |
Puloon Technology '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 Puloon Technology'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 Puloon Technology.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Puloon Technology on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Puloon Technology or generate 0.0% return on investment in Puloon Technology over 30 days. Puloon Technology is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Puloon Technology Inc. develops and sells automation and automatic fare collection systems in South Korea and internationally. More
Puloon Technology 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 Puloon Technology'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 Puloon Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.13 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.94 |
Puloon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Puloon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Puloon Technology's standard deviation. In reality, there are many statistical measures that can use Puloon Technology historical prices to predict the future Puloon Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.21) |
Puloon Technology Backtested Returns
Puloon Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0682, which implies the firm had a -0.0682% return per unit of risk over the last 3 months. Puloon Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Puloon Technology's Risk Adjusted Performance of (0.05), variance of 3.28, and Coefficient Of Variation of (1,504) to confirm the risk estimate we provide. The company holds a Beta of 0.62, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Puloon Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Puloon Technology is expected to be smaller as well. At this point, Puloon Technology has a negative expected return of -0.13%. Please make sure to check Puloon Technology's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Puloon Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Puloon Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Puloon Technology 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 Puloon Technology price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Puloon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 24.4 K |
Puloon Technology lagged returns against current returns
Autocorrelation, which is Puloon Technology 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 Puloon Technology's stock expected returns. We can calculate the autocorrelation of Puloon Technology returns to help us make a trade decision. For example, suppose you find that Puloon Technology 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 |
Puloon Technology 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 Puloon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Puloon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Puloon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Puloon Technology Lagged Returns
When evaluating Puloon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Puloon Technology stock have on its future price. Puloon Technology 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, Puloon Technology autocorrelation shows the relationship between Puloon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Puloon Technology.
Regressed Prices |
| Timeline |
Pair Trading with Puloon Technology
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 Puloon Technology 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 Puloon Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Puloon Stock
The ability to find closely correlated positions to Puloon Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Puloon Technology 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 Puloon Technology - 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 Puloon Technology to buy it.
The correlation of Puloon Technology 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 Puloon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Puloon Technology 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 Puloon Technology 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 Puloon Stock
Puloon Technology financial ratios help investors to determine whether Puloon 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 Puloon with respect to the benefits of owning Puloon Technology security.