People Technology (Korea) Market Value
| 137400 Stock | 47,000 1,150 2.39% |
| Symbol | People |
People Technology '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 People Technology'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 People Technology.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in People Technology on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding People Technology or generate 0.0% return on investment in People Technology over 90 days. People Technology is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Hyundai, Hyundai, KB Financial, and POSCO Holdings. More
People Technology 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 People Technology'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 People Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 16.28 | |||
| Value At Risk | (5.72) | |||
| Potential Upside | 6.32 |
People Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for People Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as People Technology's standard deviation. In reality, there are many statistical measures that can use People Technology historical prices to predict the future People Technology's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.2789 |
People Technology Backtested Returns
People Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0439, which implies the firm had a -0.0439% return per unit of risk over the last 3 months. People Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check People Technology's Variance of 11.11, coefficient of variation of (1,756), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of -0.72, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning People Technology are expected to decrease at a much lower rate. During the bear market, People Technology is likely to outperform the market. At this point, People Technology has a negative expected return of -0.15%. Please make sure to check People Technology's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if People Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
People Technology has very good reverse predictability. Overlapping area represents the amount of predictability between People Technology time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 People Technology price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current People Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 17.9 M |
People Technology lagged returns against current returns
Autocorrelation, which is People Technology 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 People Technology's stock expected returns. We can calculate the autocorrelation of People Technology returns to help us make a trade decision. For example, suppose you find that People Technology 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 |
People Technology 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 People Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if People Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in People Technology stock over time.
Current vs Lagged Prices |
| Timeline |
People Technology Lagged Returns
When evaluating People Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of People Technology stock have on its future price. People Technology 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, People Technology autocorrelation shows the relationship between People Technology stock current value and its past values and can show if there is a momentum factor associated with investing in People Technology.
Regressed Prices |
| Timeline |
Pair Trading with People Technology
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 People Technology 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 People Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with People Stock
The ability to find closely correlated positions to People Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace People Technology 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 People Technology - 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 People Technology to buy it.
The correlation of People Technology 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 People Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if People Technology 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 People Technology 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 People Stock
People Technology financial ratios help investors to determine whether People 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 People with respect to the benefits of owning People Technology security.