IM CoLtd (Korea) Market Value
| 101390 Stock | KRW 2,870 45.00 1.59% |
| Symbol | 101390 |
IM 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 IM 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 IM CoLtd.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in IM CoLtd on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding IM CoLtd or generate 0.0% return on investment in IM CoLtd over 720 days. IM CoLtd is related to or competes with Daelim Trading, Golden Bridge, Daejung Chemicals, and Coloray International. IM Co., Ltd. offer various optical solutions. More
IM 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 IM 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 IM CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 35.29 | |||
| Value At Risk | (9.35) | |||
| Potential Upside | 9.47 |
IM CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IM CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IM CoLtd's standard deviation. In reality, there are many statistical measures that can use IM CoLtd historical prices to predict the future IM CoLtd's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.86) | |||
| Treynor Ratio | 0.7479 |
IM CoLtd Backtested Returns
IM CoLtd retains Efficiency (Sharpe Ratio) of -0.0166, which attests that the entity had a -0.0166% return per unit of price deviation over the last 3 months. IM CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IM CoLtd's Information Ratio of (0.17), market risk adjusted performance of 0.7579, and Coefficient Of Variation of (674.99) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -1.21, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning IM CoLtd are expected to decrease by larger amounts. On the other hand, during market turmoil, IM CoLtd is expected to outperform it. At this point, IM CoLtd has a negative expected return of -0.0911%. Please make sure to check out IM 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 IM CoLtd performance from the past will be repeated sooner or later.
Auto-correlation | 0.54 |
Modest predictability
IM CoLtd has modest predictability. Overlapping area represents the amount of predictability between IM CoLtd time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 IM CoLtd price movement. The serial correlation of 0.54 indicates that about 54.0% of current IM CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 3.4 M |
IM CoLtd lagged returns against current returns
Autocorrelation, which is IM 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 IM CoLtd's stock expected returns. We can calculate the autocorrelation of IM CoLtd returns to help us make a trade decision. For example, suppose you find that IM 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 |
IM 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 IM CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IM CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IM CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
IM CoLtd Lagged Returns
When evaluating IM CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IM CoLtd stock have on its future price. IM 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, IM CoLtd autocorrelation shows the relationship between IM CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in IM CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with IM 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 IM 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 IM CoLtd will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to IM 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 IM 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 IM 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 IM CoLtd to buy it.
The correlation of IM 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 IM CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IM 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 IM 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 101390 Stock
IM CoLtd financial ratios help investors to determine whether 101390 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 101390 with respect to the benefits of owning IM CoLtd security.