Koh Young (Korea) Market Value
| 098460 Stock | KRW 8,530 70.00 0.83% |
| Symbol | Koh |
Koh Young '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 Koh Young'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 Koh Young.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Koh Young on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Koh Young Technology or generate 0.0% return on investment in Koh Young over 30 days. Koh Young is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Koh Young Technology Inc. develops, manufactures, sells, and services 3D measurement based inspection equipment and solu... More
Koh Young 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 Koh Young'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 Koh Young Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 3.45 |
Koh Young Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Koh Young's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Koh Young's standard deviation. In reality, there are many statistical measures that can use Koh Young historical prices to predict the future Koh Young's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.4268 |
Koh Young Technology Backtested Returns
Koh Young Technology has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Koh Young exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Koh Young's Standard Deviation of 2.34, mean deviation of 1.76, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Koh Young are expected to decrease at a much lower rate. During the bear market, Koh Young is likely to outperform the market. At this point, Koh Young Technology has a negative expected return of -0.4%. Please make sure to verify Koh Young's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Koh Young Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Koh Young Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Koh Young time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Koh Young Technology price movement. The serial correlation of -0.47 indicates that about 47.0% of current Koh Young price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 39.5 K |
Koh Young Technology lagged returns against current returns
Autocorrelation, which is Koh Young 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 Koh Young's stock expected returns. We can calculate the autocorrelation of Koh Young returns to help us make a trade decision. For example, suppose you find that Koh Young 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 |
Koh Young 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 Koh Young stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Koh Young stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Koh Young stock over time.
Current vs Lagged Prices |
| Timeline |
Koh Young Lagged Returns
When evaluating Koh Young's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Koh Young stock have on its future price. Koh Young 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, Koh Young autocorrelation shows the relationship between Koh Young stock current value and its past values and can show if there is a momentum factor associated with investing in Koh Young Technology.
Regressed Prices |
| Timeline |
Pair Trading with Koh Young
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 Koh Young 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 Koh Young will appreciate offsetting losses from the drop in the long position's value.Moving together with Koh Stock
The ability to find closely correlated positions to Koh Young could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Koh Young 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 Koh Young - 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 Koh Young Technology to buy it.
The correlation of Koh Young 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 Koh Young moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Koh Young 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 Koh Young 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 Koh Stock
Koh Young financial ratios help investors to determine whether Koh 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 Koh with respect to the benefits of owning Koh Young security.