Mobileleader CoLtd (Korea) Market Value
| 100030 Stock | KRW 17,240 10.00 0.06% |
| Symbol | Mobileleader |
Mobileleader 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 Mobileleader 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 Mobileleader CoLtd.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Mobileleader CoLtd on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Mobileleader CoLtd or generate 0.0% return on investment in Mobileleader CoLtd over 30 days. Mobileleader CoLtd is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. The company was founded in 2000 and is based in Seoul, South Korea More
Mobileleader 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 Mobileleader 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 Mobileleader CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.57 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.13 |
Mobileleader CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mobileleader CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mobileleader CoLtd's standard deviation. In reality, there are many statistical measures that can use Mobileleader CoLtd historical prices to predict the future Mobileleader CoLtd's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.4224 |
Mobileleader CoLtd Backtested Returns
Mobileleader CoLtd has Sharpe Ratio of -0.0206, which conveys that the firm had a -0.0206% return per unit of risk over the last 3 months. Mobileleader CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mobileleader CoLtd's Mean Deviation of 1.57, standard deviation of 2.55, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mobileleader CoLtd are expected to decrease at a much lower rate. During the bear market, Mobileleader CoLtd is likely to outperform the market. At this point, Mobileleader CoLtd has a negative expected return of -0.0547%. Please make sure to verify Mobileleader CoLtd's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Mobileleader CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Mobileleader CoLtd has very good reverse predictability. Overlapping area represents the amount of predictability between Mobileleader CoLtd time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Mobileleader CoLtd price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Mobileleader CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 888.9 K |
Mobileleader CoLtd lagged returns against current returns
Autocorrelation, which is Mobileleader 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 Mobileleader CoLtd's stock expected returns. We can calculate the autocorrelation of Mobileleader CoLtd returns to help us make a trade decision. For example, suppose you find that Mobileleader 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 |
Mobileleader 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 Mobileleader CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mobileleader CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mobileleader CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Mobileleader CoLtd Lagged Returns
When evaluating Mobileleader CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mobileleader CoLtd stock have on its future price. Mobileleader 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, Mobileleader CoLtd autocorrelation shows the relationship between Mobileleader CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Mobileleader CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Mobileleader 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 Mobileleader 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 Mobileleader CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with Mobileleader Stock
The ability to find closely correlated positions to Mobileleader 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 Mobileleader 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 Mobileleader 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 Mobileleader CoLtd to buy it.
The correlation of Mobileleader 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 Mobileleader CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mobileleader 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 Mobileleader 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 Mobileleader Stock
Mobileleader CoLtd financial ratios help investors to determine whether Mobileleader 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 Mobileleader with respect to the benefits of owning Mobileleader CoLtd security.