Imarketkorea (Korea) Market Value
| 122900 Stock | 8,180 30.00 0.37% |
| Symbol | Imarketkorea |
Imarketkorea '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 Imarketkorea'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 Imarketkorea.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Imarketkorea on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Imarketkorea or generate 0.0% return on investment in Imarketkorea over 30 days. Imarketkorea is related to or competes with FOODWELL, Ni Steel, FoodNamoo, Dongbu Steel, Fine Besteel, Seoul Food, and Shinsegae Food. More
Imarketkorea 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 Imarketkorea'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 Imarketkorea upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.5847 |
Imarketkorea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imarketkorea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imarketkorea's standard deviation. In reality, there are many statistical measures that can use Imarketkorea historical prices to predict the future Imarketkorea's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.6799 |
Imarketkorea Backtested Returns
Imarketkorea holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Imarketkorea exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Imarketkorea's Standard Deviation of 0.4734, market risk adjusted performance of 0.6899, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0569, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Imarketkorea are expected to decrease at a much lower rate. During the bear market, Imarketkorea is likely to outperform the market. At this point, Imarketkorea has a negative expected return of -0.0589%. Please make sure to check out Imarketkorea'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 Imarketkorea performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Imarketkorea has very weak reverse predictability. Overlapping area represents the amount of predictability between Imarketkorea time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Imarketkorea price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Imarketkorea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2333.88 |
Imarketkorea lagged returns against current returns
Autocorrelation, which is Imarketkorea 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 Imarketkorea's stock expected returns. We can calculate the autocorrelation of Imarketkorea returns to help us make a trade decision. For example, suppose you find that Imarketkorea 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 |
Imarketkorea 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 Imarketkorea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imarketkorea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imarketkorea stock over time.
Current vs Lagged Prices |
| Timeline |
Imarketkorea Lagged Returns
When evaluating Imarketkorea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imarketkorea stock have on its future price. Imarketkorea 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, Imarketkorea autocorrelation shows the relationship between Imarketkorea stock current value and its past values and can show if there is a momentum factor associated with investing in Imarketkorea.
Regressed Prices |
| Timeline |
Pair Trading with Imarketkorea
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 Imarketkorea 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 Imarketkorea will appreciate offsetting losses from the drop in the long position's value.Moving together with Imarketkorea Stock
Moving against Imarketkorea Stock
The ability to find closely correlated positions to Imarketkorea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imarketkorea 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 Imarketkorea - 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 Imarketkorea to buy it.
The correlation of Imarketkorea 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 Imarketkorea moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imarketkorea 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 Imarketkorea 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 Imarketkorea Stock
Imarketkorea financial ratios help investors to determine whether Imarketkorea 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 Imarketkorea with respect to the benefits of owning Imarketkorea security.