Parksystems Corp (Korea) Market Value
| 140860 Stock | KRW 204,500 1,000.00 0.49% |
| Symbol | Parksystems |
Parksystems Corp '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 Parksystems Corp'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 Parksystems Corp.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Parksystems Corp on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Parksystems Corp or generate 0.0% return on investment in Parksystems Corp over 30 days. Parksystems Corp is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. More
Parksystems Corp 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 Parksystems Corp'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 Parksystems Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.0144 | |||
| Maximum Drawdown | 21.05 | |||
| Value At Risk | (4.54) | |||
| Potential Upside | 4.39 |
Parksystems Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parksystems Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parksystems Corp's standard deviation. In reality, there are many statistical measures that can use Parksystems Corp historical prices to predict the future Parksystems Corp's volatility.| Risk Adjusted Performance | 0.0487 | |||
| Jensen Alpha | 0.1575 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0139 | |||
| Treynor Ratio | 2.36 |
Parksystems Corp Backtested Returns
Parksystems Corp appears to be very steady, given 3 months investment horizon. Parksystems Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0592, which implies the firm had a 0.0592% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Parksystems Corp, which you can use to evaluate the volatility of the company. Please evaluate Parksystems Corp's Coefficient Of Variation of 1864.33, risk adjusted performance of 0.0487, and Semi Deviation of 3.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Parksystems Corp holds a performance score of 4. The company holds a Beta of 0.0704, which implies not very significant fluctuations relative to the market. As returns on the market increase, Parksystems Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parksystems Corp is expected to be smaller as well. Please check Parksystems Corp's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Parksystems Corp's historical price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Parksystems Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Parksystems Corp 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 Parksystems Corp price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Parksystems Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 197.9 M |
Parksystems Corp lagged returns against current returns
Autocorrelation, which is Parksystems Corp 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 Parksystems Corp's stock expected returns. We can calculate the autocorrelation of Parksystems Corp returns to help us make a trade decision. For example, suppose you find that Parksystems Corp 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 |
Parksystems Corp 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 Parksystems Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parksystems Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parksystems Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Parksystems Corp Lagged Returns
When evaluating Parksystems Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parksystems Corp stock have on its future price. Parksystems Corp 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, Parksystems Corp autocorrelation shows the relationship between Parksystems Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Parksystems Corp.
Regressed Prices |
| Timeline |
Pair Trading with Parksystems Corp
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 Parksystems Corp 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 Parksystems Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Parksystems Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parksystems Corp 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 Parksystems Corp - 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 Parksystems Corp to buy it.
The correlation of Parksystems Corp 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 Parksystems Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parksystems Corp 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 Parksystems Corp 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 Parksystems Stock
Parksystems Corp financial ratios help investors to determine whether Parksystems 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 Parksystems with respect to the benefits of owning Parksystems Corp security.