FNC Entertainment (Korea) Market Value
| 173940 Stock | KRW 3,180 80.00 2.58% |
| Symbol | FNC |
FNC Entertainment '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 FNC Entertainment'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 FNC Entertainment.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in FNC Entertainment on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding FNC Entertainment Co or generate 0.0% return on investment in FNC Entertainment over 390 days. FNC Entertainment is related to or competes with SM Entertainment, LG Chemicals, Daejung Chemicals, Miwon Chemicals, Tamul Multimedia, and Next Entertainment. FNC Entertainment Co., Ltd. engages in the entertainment business primarily in South Korea More
FNC Entertainment 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 FNC Entertainment'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 FNC Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.23 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.48 |
FNC Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FNC Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FNC Entertainment's standard deviation. In reality, there are many statistical measures that can use FNC Entertainment historical prices to predict the future FNC Entertainment's volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.0469 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.06) |
FNC Entertainment Backtested Returns
At this point, FNC Entertainment is very steady. FNC Entertainment retains Efficiency (Sharpe Ratio) of 0.0028, which denotes the company had a 0.0028% return per unit of risk over the last 3 months. We have found thirty technical indicators for FNC Entertainment, which you can use to evaluate the volatility of the firm. Please confirm FNC Entertainment's Downside Deviation of 2.61, coefficient of variation of 8845.09, and Market Risk Adjusted Performance of (0.05) to check if the risk estimate we provide is consistent with the expected return of 0.0064%. The firm owns a Beta (Systematic Risk) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FNC Entertainment are expected to decrease at a much lower rate. During the bear market, FNC Entertainment is likely to outperform the market. FNC Entertainment at this time owns a risk of 2.33%. Please confirm FNC Entertainment Co downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if FNC Entertainment Co will be following its current price history.
Auto-correlation | 0.15 |
Insignificant predictability
FNC Entertainment Co has insignificant predictability. Overlapping area represents the amount of predictability between FNC Entertainment time series from 30th of October 2023 to 12th of May 2024 and 12th of May 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 FNC Entertainment price movement. The serial correlation of 0.15 indicates that less than 15.0% of current FNC Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 64.1 K |
FNC Entertainment lagged returns against current returns
Autocorrelation, which is FNC Entertainment 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 FNC Entertainment's stock expected returns. We can calculate the autocorrelation of FNC Entertainment returns to help us make a trade decision. For example, suppose you find that FNC Entertainment 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 |
FNC Entertainment 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 FNC Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FNC Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FNC Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
FNC Entertainment Lagged Returns
When evaluating FNC Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FNC Entertainment stock have on its future price. FNC Entertainment 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, FNC Entertainment autocorrelation shows the relationship between FNC Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in FNC Entertainment Co.
Regressed Prices |
| Timeline |
Pair Trading with FNC Entertainment
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 FNC Entertainment 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 FNC Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against FNC Stock
The ability to find closely correlated positions to FNC Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FNC Entertainment 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 FNC Entertainment - 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 FNC Entertainment Co to buy it.
The correlation of FNC Entertainment 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 FNC Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FNC Entertainment 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 FNC Entertainment 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 FNC Stock
FNC Entertainment financial ratios help investors to determine whether FNC 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 FNC with respect to the benefits of owning FNC Entertainment security.