KB No4 (Korea) Market Value
| 205500 Stock | 1,014 5.00 0.49% |
| Symbol | 205500 |
KB No4 '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 KB No4'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 KB No4.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in KB No4 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding KB No4 SPAC or generate 0.0% return on investment in KB No4 over 30 days. KB No4 is related to or competes with Kukdo Chemical, CU Tech, Youngchang Chemical, Miwon Chemical, Jinro Distillers, and JC Chemical. More
KB No4 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 KB No4'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 KB No4 SPAC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 2.96 |
KB No4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KB No4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KB No4's standard deviation. In reality, there are many statistical measures that can use KB No4 historical prices to predict the future KB No4's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 4.56 |
KB No4 SPAC Backtested Returns
KB No4 SPAC retains Efficiency (Sharpe Ratio) of -0.22, which conveys that the company had a -0.22% return per unit of price deviation over the last 3 months. KB No4 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KB No4's Market Risk Adjusted Performance of 4.57, information ratio of (0.31), and Mean Deviation of 1.28 to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KB No4 are expected to decrease at a much lower rate. During the bear market, KB No4 is likely to outperform the market. At this point, KB No4 SPAC has a negative expected return of -0.45%. Please make sure to verify KB No4's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if KB No4 SPAC performance from the past will be repeated sooner or later.
Auto-correlation | 0.72 |
Good predictability
KB No4 SPAC has good predictability. Overlapping area represents the amount of predictability between KB No4 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 KB No4 SPAC price movement. The serial correlation of 0.72 indicates that around 72.0% of current KB No4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 118.58 |
KB No4 SPAC lagged returns against current returns
Autocorrelation, which is KB No4 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 KB No4's stock expected returns. We can calculate the autocorrelation of KB No4 returns to help us make a trade decision. For example, suppose you find that KB No4 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 |
KB No4 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 KB No4 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KB No4 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KB No4 stock over time.
Current vs Lagged Prices |
| Timeline |
KB No4 Lagged Returns
When evaluating KB No4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KB No4 stock have on its future price. KB No4 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, KB No4 autocorrelation shows the relationship between KB No4 stock current value and its past values and can show if there is a momentum factor associated with investing in KB No4 SPAC.
Regressed Prices |
| Timeline |
Pair Trading with KB No4
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 KB No4 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 KB No4 will appreciate offsetting losses from the drop in the long position's value.Moving together with 205500 Stock
Moving against 205500 Stock
The ability to find closely correlated positions to KB No4 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KB No4 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 KB No4 - 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 KB No4 SPAC to buy it.
The correlation of KB No4 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 KB No4 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KB No4 SPAC 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 KB No4 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 205500 Stock
KB No4 financial ratios help investors to determine whether 205500 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 205500 with respect to the benefits of owning KB No4 security.