Wemade CoLtd (Korea) Market Value
| 112040 Stock | KRW 45,500 650.00 1.45% |
| Symbol | Wemade |
Wemade 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 Wemade 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 Wemade CoLtd.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Wemade CoLtd on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Wemade CoLtd or generate 0.0% return on investment in Wemade CoLtd over 270 days. Wemade CoLtd is related to or competes with Com2uS, Pearl Abyss, and Webzen. WeMade Entertainment Co., Ltd., together with its subsidiaries, develops and services online and mobile games in South Korea, Japan, the United States, and internationally. More
Wemade 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 Wemade 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 Wemade CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.128 | |||
| Maximum Drawdown | 17.81 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 9.7 |
Wemade CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wemade CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wemade CoLtd's standard deviation. In reality, there are many statistical measures that can use Wemade CoLtd historical prices to predict the future Wemade CoLtd's volatility.| Risk Adjusted Performance | 0.1325 | |||
| Jensen Alpha | 0.5485 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1807 | |||
| Treynor Ratio | 0.9564 |
Wemade CoLtd Backtested Returns
Wemade CoLtd appears to be very steady, given 3 months investment horizon. Wemade CoLtd shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. By examining Wemade CoLtd's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Wemade CoLtd's Mean Deviation of 3.02, market risk adjusted performance of 0.9664, and Downside Deviation of 2.8 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wemade CoLtd holds a performance score of 11. The firm maintains a market beta of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wemade CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wemade CoLtd is expected to be smaller as well. Please check Wemade CoLtd's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Wemade CoLtd's historical returns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Wemade CoLtd has poor reverse predictability. Overlapping area represents the amount of predictability between Wemade CoLtd time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Wemade CoLtd price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Wemade CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 16 M |
Wemade CoLtd lagged returns against current returns
Autocorrelation, which is Wemade 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 Wemade CoLtd's stock expected returns. We can calculate the autocorrelation of Wemade CoLtd returns to help us make a trade decision. For example, suppose you find that Wemade 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 |
Wemade 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 Wemade CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wemade CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wemade CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Wemade CoLtd Lagged Returns
When evaluating Wemade CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wemade CoLtd stock have on its future price. Wemade 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, Wemade CoLtd autocorrelation shows the relationship between Wemade CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Wemade CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Wemade 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 Wemade 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 Wemade CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against Wemade Stock
| 0.8 | 089970 | Adaptive Plasma Tech | PairCorr |
| 0.74 | 034220 | LG Display | PairCorr |
| 0.71 | 005380 | Hyundai Motor | PairCorr |
| 0.66 | 005385 | Hyundai Motor | PairCorr |
| 0.63 | 066570 | LG Electronics | PairCorr |
The ability to find closely correlated positions to Wemade 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 Wemade 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 Wemade 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 Wemade CoLtd to buy it.
The correlation of Wemade 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 Wemade CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wemade 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 Wemade 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 Wemade Stock
Wemade CoLtd financial ratios help investors to determine whether Wemade 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 Wemade with respect to the benefits of owning Wemade CoLtd security.