Intellian Technologies (Korea) Market Value
| 189300 Stock | 39,850 250.00 0.63% |
| Symbol | Intellian |
Intellian Technologies '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 Intellian Technologies' 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 Intellian Technologies.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Intellian Technologies on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Intellian Technologies or generate 0.0% return on investment in Intellian Technologies over 30 days. Intellian Technologies is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. More
Intellian Technologies 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 Intellian Technologies' 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 Intellian Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 19.89 | |||
| Value At Risk | (6.27) | |||
| Potential Upside | 5.76 |
Intellian Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intellian Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intellian Technologies' standard deviation. In reality, there are many statistical measures that can use Intellian Technologies historical prices to predict the future Intellian Technologies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (1.19) |
Intellian Technologies Backtested Returns
Intellian Technologies holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Intellian Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Intellian Technologies' Standard Deviation of 3.55, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (1.18) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Intellian Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Intellian Technologies is expected to be smaller as well. At this point, Intellian Technologies has a negative expected return of -0.51%. Please make sure to check out Intellian Technologies' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Intellian Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Intellian Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Intellian Technologies 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 Intellian Technologies price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Intellian Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 25.2 M |
Intellian Technologies lagged returns against current returns
Autocorrelation, which is Intellian Technologies 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 Intellian Technologies' stock expected returns. We can calculate the autocorrelation of Intellian Technologies returns to help us make a trade decision. For example, suppose you find that Intellian Technologies 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 |
Intellian Technologies 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 Intellian Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intellian Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intellian Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Intellian Technologies Lagged Returns
When evaluating Intellian Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intellian Technologies stock have on its future price. Intellian Technologies 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, Intellian Technologies autocorrelation shows the relationship between Intellian Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Intellian Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Intellian Technologies
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 Intellian Technologies 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 Intellian Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Intellian Stock
The ability to find closely correlated positions to Intellian Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intellian Technologies 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 Intellian Technologies - 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 Intellian Technologies to buy it.
The correlation of Intellian Technologies 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 Intellian Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intellian Technologies 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 Intellian Technologies 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 Intellian Stock
Intellian Technologies financial ratios help investors to determine whether Intellian 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 Intellian with respect to the benefits of owning Intellian Technologies security.