Cuckoo Electronics (Korea) Market Value
| 192400 Stock | 23,250 350.00 1.53% |
| Symbol | Cuckoo |
Cuckoo Electronics '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 Cuckoo Electronics' 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 Cuckoo Electronics.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Cuckoo Electronics on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Cuckoo Electronics Co or generate 0.0% return on investment in Cuckoo Electronics over 510 days. Cuckoo Electronics is related to or competes with Busan Industrial, UNISEM, Finebesteel, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. More
Cuckoo Electronics 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 Cuckoo Electronics' 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 Cuckoo Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.44 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 4.43 |
Cuckoo Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cuckoo Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cuckoo Electronics' standard deviation. In reality, there are many statistical measures that can use Cuckoo Electronics historical prices to predict the future Cuckoo Electronics' volatility.| Risk Adjusted Performance | 0.0508 | |||
| Jensen Alpha | 0.1435 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.29) |
Cuckoo Electronics Backtested Returns
At this point, Cuckoo Electronics is very steady. Cuckoo Electronics secures Sharpe Ratio (or Efficiency) of 0.0338, which signifies that the company had a 0.0338% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Cuckoo Electronics Co, which you can use to evaluate the volatility of the firm. Please confirm Cuckoo Electronics' mean deviation of 1.4, and Risk Adjusted Performance of 0.0508 to double-check if the risk estimate we provide is consistent with the expected return of 0.0676%. Cuckoo Electronics has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cuckoo Electronics are expected to decrease at a much lower rate. During the bear market, Cuckoo Electronics is likely to outperform the market. Cuckoo Electronics right now shows a risk of 2.0%. Please confirm Cuckoo Electronics mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Cuckoo Electronics will be following its price patterns.
Auto-correlation | 0.47 |
Average predictability
Cuckoo Electronics Co has average predictability. Overlapping area represents the amount of predictability between Cuckoo Electronics time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Cuckoo Electronics price movement. The serial correlation of 0.47 indicates that about 47.0% of current Cuckoo Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 3.4 M |
Cuckoo Electronics lagged returns against current returns
Autocorrelation, which is Cuckoo Electronics 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 Cuckoo Electronics' stock expected returns. We can calculate the autocorrelation of Cuckoo Electronics returns to help us make a trade decision. For example, suppose you find that Cuckoo Electronics 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 |
Cuckoo Electronics 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 Cuckoo Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cuckoo Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cuckoo Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Cuckoo Electronics Lagged Returns
When evaluating Cuckoo Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cuckoo Electronics stock have on its future price. Cuckoo Electronics 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, Cuckoo Electronics autocorrelation shows the relationship between Cuckoo Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Cuckoo Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Cuckoo Electronics
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 Cuckoo Electronics 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 Cuckoo Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cuckoo Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cuckoo Electronics 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 Cuckoo Electronics - 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 Cuckoo Electronics Co to buy it.
The correlation of Cuckoo Electronics 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 Cuckoo Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cuckoo Electronics 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 Cuckoo Electronics 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 Cuckoo Stock
Cuckoo Electronics financial ratios help investors to determine whether Cuckoo 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 Cuckoo with respect to the benefits of owning Cuckoo Electronics security.