Mirae Asset (Korea) Market Value
| 200130 Stock | 12,820 100.00 0.79% |
| Symbol | Mirae |
Mirae Asset '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 Mirae Asset'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 Mirae Asset.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Mirae Asset on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Mirae Asset No2 or generate 0.0% return on investment in Mirae Asset over 510 days. Mirae Asset is related to or competes with AfreecaTV, Wonik Ips, and NICE Information. More
Mirae Asset 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 Mirae Asset'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 Mirae Asset No2 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 2.66 |
Mirae Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirae Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirae Asset's standard deviation. In reality, there are many statistical measures that can use Mirae Asset historical prices to predict the future Mirae Asset's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (4.15) |
Mirae Asset No2 Backtested Returns
Mirae Asset No2 has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Mirae Asset exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirae Asset's Standard Deviation of 2.23, risk adjusted performance of (0.09), and Mean Deviation of 1.43 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0686, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mirae Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirae Asset is expected to be smaller as well. At this point, Mirae Asset No2 has a negative expected return of -0.26%. Please make sure to verify Mirae Asset's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Mirae Asset No2 performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Mirae Asset No2 has virtually no predictability. Overlapping area represents the amount of predictability between Mirae Asset 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 Mirae Asset No2 price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Mirae Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 M |
Mirae Asset No2 lagged returns against current returns
Autocorrelation, which is Mirae Asset 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 Mirae Asset's stock expected returns. We can calculate the autocorrelation of Mirae Asset returns to help us make a trade decision. For example, suppose you find that Mirae Asset 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 |
Mirae Asset 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 Mirae Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirae Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirae Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Mirae Asset Lagged Returns
When evaluating Mirae Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirae Asset stock have on its future price. Mirae Asset 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, Mirae Asset autocorrelation shows the relationship between Mirae Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Mirae Asset No2.
Regressed Prices |
| Timeline |
Other Information on Investing in Mirae Stock
Mirae Asset financial ratios help investors to determine whether Mirae 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 Mirae with respect to the benefits of owning Mirae Asset security.