KB Financial (Korea) Market Value
| 105560 Stock | 98,400 1,100 1.13% |
| Symbol | 105560 |
KB Financial '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 KB Financial'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 KB Financial.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in KB Financial on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding KB Financial Group or generate 0.0% return on investment in KB Financial over 720 days. KB Financial is related to or competes with Korea New, Dong A, Dreamus, SK Bioscience, MEDICOX, MohenzCoLtd, and Ewon Comfortech. More
KB Financial 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 KB Financial'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 KB Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.057 | |||
| Maximum Drawdown | 13.12 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 4.74 |
KB Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KB Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KB Financial's standard deviation. In reality, there are many statistical measures that can use KB Financial historical prices to predict the future KB Financial's volatility.| Risk Adjusted Performance | 0.0818 | |||
| Jensen Alpha | 0.2378 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0618 | |||
| Treynor Ratio | 1.75 |
KB Financial Group Backtested Returns
KB Financial appears to be very steady, given 3 months investment horizon. KB Financial Group retains Efficiency (Sharpe Ratio) of 0.0854, which conveys that the company had a 0.0854% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for KB Financial, which you can use to evaluate the volatility of the entity. Please exercise KB Financial's Standard Deviation of 2.68, mean deviation of 1.99, and Market Risk Adjusted Performance of 1.76 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KB Financial holds a performance score of 6. The firm owns a Beta (Systematic Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KB Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding KB Financial is expected to be smaller as well. Please check KB Financial's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether KB Financial's current price history will revert.
Auto-correlation | 0.13 |
Insignificant predictability
KB Financial Group has insignificant predictability. Overlapping area represents the amount of predictability between KB Financial time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 KB Financial Group price movement. The serial correlation of 0.13 indicates that less than 13.0% of current KB Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 212.8 M |
KB Financial Group lagged returns against current returns
Autocorrelation, which is KB Financial 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 KB Financial's stock expected returns. We can calculate the autocorrelation of KB Financial returns to help us make a trade decision. For example, suppose you find that KB Financial 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 |
KB Financial 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 KB Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KB Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KB Financial stock over time.
Current vs Lagged Prices |
| Timeline |
KB Financial Lagged Returns
When evaluating KB Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KB Financial stock have on its future price. KB Financial 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, KB Financial autocorrelation shows the relationship between KB Financial stock current value and its past values and can show if there is a momentum factor associated with investing in KB Financial Group.
Regressed Prices |
| Timeline |
Pair Trading with KB Financial
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 KB Financial 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 KB Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with 105560 Stock
Moving against 105560 Stock
| 0.52 | 005930 | Samsung Electronics | PairCorr |
| 0.51 | 005935 | Samsung Electronics | PairCorr |
| 0.41 | 005380 | Hyundai Motor | PairCorr |
| 0.32 | 005387 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to KB Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KB Financial 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 KB Financial - 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 KB Financial Group to buy it.
The correlation of KB Financial 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 KB Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KB Financial Group 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 KB Financial 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.Additional Information and Resources on Investing in 105560 Stock
When determining whether KB Financial Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of KB Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kb Financial Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kb Financial Group Stock:Check out KB Financial Correlation, KB Financial Volatility and KB Financial Alpha and Beta module to complement your research on KB Financial. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
KB Financial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.