RaemongRaein (Korea) Market Value
| 200350 Stock | 17,580 340.00 1.90% |
| Symbol | RaemongRaein |
RaemongRaein '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 RaemongRaein'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 RaemongRaein.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in RaemongRaein on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding RaemongRaein Co or generate 0.0% return on investment in RaemongRaein over 360 days. RaemongRaein is related to or competes with Jeil Steel, Dongbu Steel, Dong A, Hankuk Steel, Lotte Chilsung, Histeel, and Hanil Iron. More
RaemongRaein 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 RaemongRaein'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 RaemongRaein Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.18 | |||
| Information Ratio | 0.1171 | |||
| Maximum Drawdown | 38.88 | |||
| Value At Risk | (6.91) | |||
| Potential Upside | 7.95 |
RaemongRaein Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RaemongRaein's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RaemongRaein's standard deviation. In reality, there are many statistical measures that can use RaemongRaein historical prices to predict the future RaemongRaein's volatility.| Risk Adjusted Performance | 0.1153 | |||
| Jensen Alpha | 0.7381 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1544 | |||
| Treynor Ratio | 4.17 |
RaemongRaein Backtested Returns
RaemongRaein appears to be very steady, given 3 months investment horizon. RaemongRaein maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing RaemongRaein's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please evaluate RaemongRaein's Risk Adjusted Performance of 0.1153, semi deviation of 3.51, and Coefficient Of Variation of 716.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RaemongRaein holds a performance score of 13. The company holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, RaemongRaein's returns are expected to increase less than the market. However, during the bear market, the loss of holding RaemongRaein is expected to be smaller as well. Please check RaemongRaein's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether RaemongRaein's historical price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
RaemongRaein Co has weak predictability. Overlapping area represents the amount of predictability between RaemongRaein time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 RaemongRaein price movement. The serial correlation of 0.23 indicates that over 23.0% of current RaemongRaein price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 6.4 M |
RaemongRaein lagged returns against current returns
Autocorrelation, which is RaemongRaein 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 RaemongRaein's stock expected returns. We can calculate the autocorrelation of RaemongRaein returns to help us make a trade decision. For example, suppose you find that RaemongRaein 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 |
RaemongRaein 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 RaemongRaein stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RaemongRaein stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RaemongRaein stock over time.
Current vs Lagged Prices |
| Timeline |
RaemongRaein Lagged Returns
When evaluating RaemongRaein's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RaemongRaein stock have on its future price. RaemongRaein 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, RaemongRaein autocorrelation shows the relationship between RaemongRaein stock current value and its past values and can show if there is a momentum factor associated with investing in RaemongRaein Co.
Regressed Prices |
| Timeline |
Pair Trading with RaemongRaein
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 RaemongRaein 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 RaemongRaein will appreciate offsetting losses from the drop in the long position's value.Moving together with RaemongRaein Stock
Moving against RaemongRaein Stock
| 0.86 | 310200 | Aniplus | PairCorr |
| 0.81 | 000400 | Lotte Non Life | PairCorr |
| 0.68 | 023760 | Han Kook Capital | PairCorr |
| 0.57 | 225570 | NH SPAC 8 | PairCorr |
| 0.44 | 060570 | Dreamus Company | PairCorr |
The ability to find closely correlated positions to RaemongRaein could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RaemongRaein 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 RaemongRaein - 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 RaemongRaein Co to buy it.
The correlation of RaemongRaein 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 RaemongRaein moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RaemongRaein 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 RaemongRaein 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 RaemongRaein Stock
RaemongRaein financial ratios help investors to determine whether RaemongRaein 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 RaemongRaein with respect to the benefits of owning RaemongRaein security.