Amogreentech (Korea) Market Value
| 125210 Stock | 6,670 30.00 0.45% |
| Symbol | Amogreentech |
Amogreentech '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 Amogreentech'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 Amogreentech.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Amogreentech on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Amogreentech Co or generate 0.0% return on investment in Amogreentech over 30 days. Amogreentech is related to or competes with Sangsin Energy, and Bosung Power. More
Amogreentech 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 Amogreentech'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 Amogreentech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 19.13 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 5.64 |
Amogreentech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amogreentech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amogreentech's standard deviation. In reality, there are many statistical measures that can use Amogreentech historical prices to predict the future Amogreentech's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.97) |
Amogreentech Backtested Returns
Amogreentech secures Sharpe Ratio (or Efficiency) of -0.0795, which signifies that the company had a -0.0795% return per unit of risk over the last 3 months. Amogreentech Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amogreentech's Risk Adjusted Performance of (0.08), mean deviation of 2.55, and Standard Deviation of 3.36 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amogreentech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amogreentech is expected to be smaller as well. At this point, Amogreentech has a negative expected return of -0.27%. Please make sure to confirm Amogreentech's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Amogreentech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Amogreentech Co has virtually no predictability. Overlapping area represents the amount of predictability between Amogreentech time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Amogreentech price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Amogreentech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 63.5 K |
Amogreentech lagged returns against current returns
Autocorrelation, which is Amogreentech 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 Amogreentech's stock expected returns. We can calculate the autocorrelation of Amogreentech returns to help us make a trade decision. For example, suppose you find that Amogreentech 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 |
Amogreentech 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 Amogreentech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amogreentech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amogreentech stock over time.
Current vs Lagged Prices |
| Timeline |
Amogreentech Lagged Returns
When evaluating Amogreentech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amogreentech stock have on its future price. Amogreentech 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, Amogreentech autocorrelation shows the relationship between Amogreentech stock current value and its past values and can show if there is a momentum factor associated with investing in Amogreentech Co.
Regressed Prices |
| Timeline |
Pair Trading with Amogreentech
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 Amogreentech 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 Amogreentech will appreciate offsetting losses from the drop in the long position's value.Moving together with Amogreentech Stock
Moving against Amogreentech Stock
The ability to find closely correlated positions to Amogreentech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amogreentech 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 Amogreentech - 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 Amogreentech Co to buy it.
The correlation of Amogreentech 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 Amogreentech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amogreentech 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 Amogreentech 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 Amogreentech Stock
Amogreentech financial ratios help investors to determine whether Amogreentech 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 Amogreentech with respect to the benefits of owning Amogreentech security.