ADTechnology CoLtd (Korea) Market Value
| 200710 Stock | KRW 19,200 90.00 0.47% |
| Symbol | ADTechnology |
ADTechnology CoLtd '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 ADTechnology CoLtd'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 ADTechnology CoLtd.
| 02/18/2023 |
| 02/07/2025 |
If you would invest 0.00 in ADTechnology CoLtd on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding ADTechnology CoLtd or generate 0.0% return on investment in ADTechnology CoLtd over 720 days. ADTechnology CoLtd is related to or competes with Tway Air, Sk Biopharmaceutica, Jeju Air, CJ Seafood, and Pharmicell. More
ADTechnology CoLtd 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 ADTechnology CoLtd'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 ADTechnology CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | 0.0837 | |||
| Maximum Drawdown | 36.85 | |||
| Value At Risk | (6.36) | |||
| Potential Upside | 10.13 |
ADTechnology CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADTechnology CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADTechnology CoLtd's standard deviation. In reality, there are many statistical measures that can use ADTechnology CoLtd historical prices to predict the future ADTechnology CoLtd's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | 0.4639 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1243 | |||
| Treynor Ratio | 0.4239 |
ADTechnology CoLtd Backtested Returns
ADTechnology CoLtd appears to be very steady, given 3 months investment horizon. ADTechnology CoLtd secures Sharpe Ratio (or Efficiency) of 0.0859, which signifies that the company had a 0.0859 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ADTechnology CoLtd, which you can use to evaluate the volatility of the firm. Please makes use of ADTechnology CoLtd's risk adjusted performance of 0.0918, and Mean Deviation of 4.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ADTechnology CoLtd holds a performance score of 6. The firm shows a Beta (market volatility) of 1.38, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ADTechnology CoLtd will likely underperform. Please check ADTechnology CoLtd's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether ADTechnology CoLtd's price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
ADTechnology CoLtd has very good reverse predictability. Overlapping area represents the amount of predictability between ADTechnology CoLtd time series from 18th of February 2023 to 13th of February 2024 and 13th of February 2024 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ADTechnology CoLtd price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current ADTechnology CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 91.2 M |
ADTechnology CoLtd lagged returns against current returns
Autocorrelation, which is ADTechnology CoLtd 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 ADTechnology CoLtd's stock expected returns. We can calculate the autocorrelation of ADTechnology CoLtd returns to help us make a trade decision. For example, suppose you find that ADTechnology CoLtd 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 |
ADTechnology CoLtd 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 ADTechnology CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADTechnology CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADTechnology CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
ADTechnology CoLtd Lagged Returns
When evaluating ADTechnology CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADTechnology CoLtd stock have on its future price. ADTechnology CoLtd 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, ADTechnology CoLtd autocorrelation shows the relationship between ADTechnology CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in ADTechnology CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with ADTechnology CoLtd
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 ADTechnology CoLtd 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 ADTechnology CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against ADTechnology Stock
The ability to find closely correlated positions to ADTechnology CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADTechnology CoLtd 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 ADTechnology CoLtd - 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 ADTechnology CoLtd to buy it.
The correlation of ADTechnology CoLtd 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 ADTechnology CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADTechnology CoLtd 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 ADTechnology CoLtd 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 ADTechnology Stock
ADTechnology CoLtd financial ratios help investors to determine whether ADTechnology 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 ADTechnology with respect to the benefits of owning ADTechnology CoLtd security.