KG Eco (Korea) Market Value
| 151860 Stock | KRW 5,260 10.00 0.19% |
| Symbol | 151860 |
KG Eco '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 KG Eco'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 KG Eco.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in KG Eco on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding KG Eco Technology or generate 0.0% return on investment in KG Eco over 60 days. KG Eco is related to or competes with KB Financial, Shinhan Financial, Hana Financial, Woori Financial, Samsung Electronics, Samsung Electronics, and Industrial Bank. KG Eco Technology Services Co., Ltd. engages in the production and sale of energy using waste in South Korea More
KG Eco 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 KG Eco'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 KG Eco Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 16.2 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.96 |
KG Eco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KG Eco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KG Eco's standard deviation. In reality, there are many statistical measures that can use KG Eco historical prices to predict the future KG Eco's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.93 |
KG Eco Technology Backtested Returns
KG Eco Technology retains Efficiency (Sharpe Ratio) of -0.0587, which conveys that the firm had a -0.0587% return per unit of price deviation over the last 3 months. KG Eco exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KG Eco's Mean Deviation of 1.92, market risk adjusted performance of 1.94, and Information Ratio of (0.12) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KG Eco are expected to decrease at a much lower rate. During the bear market, KG Eco is likely to outperform the market. At this point, KG Eco Technology has a negative expected return of -0.18%. Please make sure to verify KG Eco'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 KG Eco Technology performance from the past will be repeated sooner or later.
Auto-correlation | 0.58 |
Modest predictability
KG Eco Technology has modest predictability. Overlapping area represents the amount of predictability between KG Eco time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 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 KG Eco Technology price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current KG Eco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 45.2 K |
KG Eco Technology lagged returns against current returns
Autocorrelation, which is KG Eco 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 KG Eco's stock expected returns. We can calculate the autocorrelation of KG Eco returns to help us make a trade decision. For example, suppose you find that KG Eco 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 |
KG Eco 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 KG Eco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KG Eco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KG Eco stock over time.
Current vs Lagged Prices |
| Timeline |
KG Eco Lagged Returns
When evaluating KG Eco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KG Eco stock have on its future price. KG Eco 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, KG Eco autocorrelation shows the relationship between KG Eco stock current value and its past values and can show if there is a momentum factor associated with investing in KG Eco Technology.
Regressed Prices |
| Timeline |
Pair Trading with KG Eco
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 KG Eco 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 KG Eco will appreciate offsetting losses from the drop in the long position's value.Moving together with 151860 Stock
| 0.87 | 005930 | Samsung Electronics | PairCorr |
| 0.86 | 005935 | Samsung Electronics | PairCorr |
| 0.66 | 005385 | Hyundai Motor | PairCorr |
| 0.85 | 005380 | Hyundai Motor | PairCorr |
Moving against 151860 Stock
| 0.56 | 024110 | Industrial Bank | PairCorr |
| 0.56 | 105560 | KB Financial Group | PairCorr |
| 0.44 | 373220 | LG Energy Solution | PairCorr |
The ability to find closely correlated positions to KG Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KG Eco 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 KG Eco - 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 KG Eco Technology to buy it.
The correlation of KG Eco 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 KG Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KG Eco 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 KG Eco 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 151860 Stock
KG Eco financial ratios help investors to determine whether 151860 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 151860 with respect to the benefits of owning KG Eco security.