XIIlab (Korea) Market Value
| 189330 Stock | KRW 6,730 220.00 3.17% |
| Symbol | XIIlab |
XIIlab '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 XIIlab'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 XIIlab.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in XIIlab on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding XIIlab Co or generate 0.0% return on investment in XIIlab over 90 days. XIIlab is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. ,Ltd provides software and services based on big data analysis technology More
XIIlab 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 XIIlab'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 XIIlab Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 38.92 | |||
| Value At Risk | (5.64) | |||
| Potential Upside | 7.14 |
XIIlab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XIIlab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XIIlab's standard deviation. In reality, there are many statistical measures that can use XIIlab historical prices to predict the future XIIlab's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0297 |
XIIlab Backtested Returns
At this point, XIIlab is very steady. XIIlab shows Sharpe Ratio of 0.0026, which attests that the company had a 0.0026% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for XIIlab, which you can use to evaluate the volatility of the company. Please check out XIIlab's Risk Adjusted Performance of 0.0149, downside deviation of 3.5, and Mean Deviation of 3.09 to validate if the risk estimate we provide is consistent with the expected return of 0.0136%. The firm maintains a market beta of 1.11, which attests to a somewhat significant risk relative to the market. XIIlab returns are very sensitive to returns on the market. As the market goes up or down, XIIlab is expected to follow. XIIlab currently maintains a risk of 5.17%. Please check out XIIlab downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if XIIlab will be following its historical returns.
Auto-correlation | 0.09 |
Virtually no predictability
XIIlab Co has virtually no predictability. Overlapping area represents the amount of predictability between XIIlab time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 XIIlab price movement. The serial correlation of 0.09 indicates that less than 9.0% of current XIIlab price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 59.9 K |
XIIlab lagged returns against current returns
Autocorrelation, which is XIIlab 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 XIIlab's stock expected returns. We can calculate the autocorrelation of XIIlab returns to help us make a trade decision. For example, suppose you find that XIIlab 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 |
XIIlab 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 XIIlab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XIIlab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XIIlab stock over time.
Current vs Lagged Prices |
| Timeline |
XIIlab Lagged Returns
When evaluating XIIlab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XIIlab stock have on its future price. XIIlab 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, XIIlab autocorrelation shows the relationship between XIIlab stock current value and its past values and can show if there is a momentum factor associated with investing in XIIlab Co.
Regressed Prices |
| Timeline |
Pair Trading with XIIlab
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 XIIlab 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 XIIlab will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to XIIlab could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XIIlab 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 XIIlab - 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 XIIlab Co to buy it.
The correlation of XIIlab 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 XIIlab moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XIIlab 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 XIIlab 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 XIIlab Stock
XIIlab financial ratios help investors to determine whether XIIlab 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 XIIlab with respect to the benefits of owning XIIlab security.