CU Medical (Korea) Market Value
| 115480 Stock | KRW 640.00 1.00 0.16% |
| Symbol | 115480 |
CU Medical '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 CU Medical'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 CU Medical.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CU Medical on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CU Medical Systems or generate 0.0% return on investment in CU Medical over 30 days. CU Medical is related to or competes with Medy Tox, Busan Industrial, UNISEM, Finebesteel, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. CU Medical Systems, Inc. manufactures and sells defibrillators worldwide More
CU Medical 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 CU Medical'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 CU Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.08 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.07 |
CU Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CU Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CU Medical's standard deviation. In reality, there are many statistical measures that can use CU Medical historical prices to predict the future CU Medical's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (1.12) |
CU Medical Systems Backtested Returns
CU Medical Systems retains Efficiency (Sharpe Ratio) of -0.0727, which signifies that the company had a -0.0727% return per unit of price deviation over the last 3 months. CU Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CU Medical's Variance of 3.81, information ratio of (0.15), and Market Risk Adjusted Performance of (1.11) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CU Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding CU Medical is expected to be smaller as well. At this point, CU Medical Systems has a negative expected return of -0.15%. Please make sure to confirm CU Medical's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if CU Medical Systems performance from the past will be repeated sooner or later.
Auto-correlation | 0.62 |
Good predictability
CU Medical Systems has good predictability. Overlapping area represents the amount of predictability between CU Medical 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 CU Medical Systems price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current CU Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 953.6 |
CU Medical Systems lagged returns against current returns
Autocorrelation, which is CU Medical 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 CU Medical's stock expected returns. We can calculate the autocorrelation of CU Medical returns to help us make a trade decision. For example, suppose you find that CU Medical 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 |
CU Medical 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 CU Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CU Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CU Medical stock over time.
Current vs Lagged Prices |
| Timeline |
CU Medical Lagged Returns
When evaluating CU Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CU Medical stock have on its future price. CU Medical 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, CU Medical autocorrelation shows the relationship between CU Medical stock current value and its past values and can show if there is a momentum factor associated with investing in CU Medical Systems.
Regressed Prices |
| Timeline |
Pair Trading with CU Medical
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 CU Medical 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 CU Medical will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CU Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CU Medical 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 CU Medical - 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 CU Medical Systems to buy it.
The correlation of CU Medical 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 CU Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CU Medical Systems 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 CU Medical 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 115480 Stock
CU Medical financial ratios help investors to determine whether 115480 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 115480 with respect to the benefits of owning CU Medical security.