Maniker FG (Korea) Market Value
| 195500 Stock | 2,830 55.00 1.98% |
| Symbol | Maniker |
Maniker FG '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 Maniker FG'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 Maniker FG.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Maniker FG on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Maniker FG Co or generate 0.0% return on investment in Maniker FG over 30 days.
Maniker FG 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 Maniker FG'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 Maniker FG Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.04 |
Maniker FG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maniker FG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maniker FG's standard deviation. In reality, there are many statistical measures that can use Maniker FG historical prices to predict the future Maniker FG's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.57) |
Maniker FG Backtested Returns
Maniker FG has Sharpe Ratio of -0.0556, which conveys that the firm had a -0.0556% return per unit of risk over the last 3 months. Maniker FG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Maniker FG's Mean Deviation of 1.13, standard deviation of 1.57, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Maniker FG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Maniker FG is expected to be smaller as well. At this point, Maniker FG has a negative expected return of -0.0911%. Please make sure to verify Maniker FG's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Maniker FG performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Maniker FG Co has modest reverse predictability. Overlapping area represents the amount of predictability between Maniker FG time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Maniker FG price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Maniker FG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2153.72 |
Maniker FG lagged returns against current returns
Autocorrelation, which is Maniker FG 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 Maniker FG's stock expected returns. We can calculate the autocorrelation of Maniker FG returns to help us make a trade decision. For example, suppose you find that Maniker FG 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 |
Maniker FG 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 Maniker FG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maniker FG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maniker FG stock over time.
Current vs Lagged Prices |
| Timeline |
Maniker FG Lagged Returns
When evaluating Maniker FG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maniker FG stock have on its future price. Maniker FG 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, Maniker FG autocorrelation shows the relationship between Maniker FG stock current value and its past values and can show if there is a momentum factor associated with investing in Maniker FG Co.
Regressed Prices |
| Timeline |
Pair Trading with Maniker FG
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 Maniker FG 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 Maniker FG will appreciate offsetting losses from the drop in the long position's value.Moving together with Maniker Stock
Moving against Maniker Stock
The ability to find closely correlated positions to Maniker FG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maniker FG 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 Maniker FG - 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 Maniker FG Co to buy it.
The correlation of Maniker FG 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 Maniker FG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maniker FG 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 Maniker FG 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.