Amogreentech CoLtd (Korea) Market Value
| 125210 Stock | KRW 6,550 20.00 0.31% |
| Symbol | Amogreentech |
Amogreentech 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 Amogreentech 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 Amogreentech CoLtd.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Amogreentech CoLtd on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Amogreentech CoLtd or generate 0.0% return on investment in Amogreentech CoLtd over 720 days. Amogreentech CoLtd is related to or competes with Ecopro BM, Shin Heung, Sangsin Energy, Bosung Power, APro, and S Fuelcell. ,Ltd provides various products for IT, energy, nano, environment, and bio industries in South Korea and internationally More
Amogreentech 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 Amogreentech 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 Amogreentech CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.13 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 5.64 |
Amogreentech CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amogreentech CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amogreentech CoLtd's standard deviation. In reality, there are many statistical measures that can use Amogreentech CoLtd historical prices to predict the future Amogreentech CoLtd's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (0.70) |
Amogreentech CoLtd Backtested Returns
Amogreentech CoLtd secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Amogreentech CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amogreentech CoLtd's Risk Adjusted Performance of (0.07), mean deviation of 2.61, and Standard Deviation of 3.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amogreentech CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amogreentech CoLtd is expected to be smaller as well. At this point, Amogreentech CoLtd has a negative expected return of -0.39%. Please make sure to confirm Amogreentech CoLtd's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Amogreentech CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Amogreentech CoLtd has below average predictability. Overlapping area represents the amount of predictability between Amogreentech CoLtd time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 CoLtd price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Amogreentech CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 3.7 M |
Amogreentech CoLtd lagged returns against current returns
Autocorrelation, which is Amogreentech 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 Amogreentech CoLtd's stock expected returns. We can calculate the autocorrelation of Amogreentech CoLtd returns to help us make a trade decision. For example, suppose you find that Amogreentech 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 |
Amogreentech 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 Amogreentech CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amogreentech CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amogreentech CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Amogreentech CoLtd Lagged Returns
When evaluating Amogreentech CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amogreentech CoLtd stock have on its future price. Amogreentech 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, Amogreentech CoLtd autocorrelation shows the relationship between Amogreentech CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Amogreentech CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Amogreentech 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 Amogreentech 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 Amogreentech CoLtd 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 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 Amogreentech 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 Amogreentech 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 Amogreentech CoLtd to buy it.
The correlation of Amogreentech 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 Amogreentech CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amogreentech 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 Amogreentech 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 Amogreentech Stock
Amogreentech CoLtd 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 CoLtd security.