Cube Entertainment (Korea) Market Value
| 182360 Stock | 14,900 30.00 0.20% |
| Symbol | Cube |
Cube 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 Cube 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 Cube Entertainment.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Cube Entertainment on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cube Entertainment or generate 0.0% return on investment in Cube Entertainment over 30 days.
Cube 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 Cube 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 Cube Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.0467 | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 5.83 |
Cube Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cube Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cube Entertainment's standard deviation. In reality, there are many statistical measures that can use Cube Entertainment historical prices to predict the future Cube Entertainment's volatility.| Risk Adjusted Performance | 0.0773 | |||
| Jensen Alpha | 0.2056 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0579 | |||
| Treynor Ratio | 0.5956 |
Cube Entertainment Backtested Returns
At this point, Cube Entertainment is very steady. Cube Entertainment secures Sharpe Ratio (or Efficiency) of 0.0654, which signifies that the company had a 0.0654% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cube Entertainment, which you can use to evaluate the volatility of the firm. Please confirm Cube Entertainment's mean deviation of 2.14, and Risk Adjusted Performance of 0.0773 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Cube Entertainment has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cube Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cube Entertainment is expected to be smaller as well. Cube Entertainment right now shows a risk of 2.9%. Please confirm Cube Entertainment market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Cube Entertainment will be following its price patterns.
Auto-correlation | 0.36 |
Below average predictability
Cube Entertainment has below average predictability. Overlapping area represents the amount of predictability between Cube Entertainment time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Cube Entertainment price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Cube Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 123.8 K |
Cube Entertainment lagged returns against current returns
Autocorrelation, which is Cube 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 Cube Entertainment's stock expected returns. We can calculate the autocorrelation of Cube Entertainment returns to help us make a trade decision. For example, suppose you find that Cube 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 |
Cube 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 Cube Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cube Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cube Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Cube Entertainment Lagged Returns
When evaluating Cube Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cube Entertainment stock have on its future price. Cube 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, Cube Entertainment autocorrelation shows the relationship between Cube Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Cube Entertainment.
Regressed Prices |
| Timeline |
Pair Trading with Cube 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 Cube 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 Cube Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against Cube Stock
The ability to find closely correlated positions to Cube 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 Cube 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 Cube 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 Cube Entertainment to buy it.
The correlation of Cube 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 Cube Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cube 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 Cube 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.