Cosmax Nbt (Korea) Market Value
| 222040 Stock | KRW 3,275 75.00 2.24% |
| Symbol | Cosmax |
Cosmax Nbt '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 Cosmax Nbt'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 Cosmax Nbt.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cosmax Nbt on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Cosmax Nbt or generate 0.0% return on investment in Cosmax Nbt over 180 days. Cosmax Nbt is related to or competes with Jeju Semiconductor, Hanwha InvestmentSecuri, Woori Technology, DB Financial, NH Investment, and DSC Investment. Cosmax Nbt, Inc. operates as a health functional food company in South Korea More
Cosmax Nbt 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 Cosmax Nbt'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 Cosmax Nbt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.73 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 5.32 |
Cosmax Nbt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cosmax Nbt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cosmax Nbt's standard deviation. In reality, there are many statistical measures that can use Cosmax Nbt historical prices to predict the future Cosmax Nbt's volatility.| Risk Adjusted Performance | 0.0275 | |||
| Jensen Alpha | 0.0495 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3686 |
Cosmax Nbt Backtested Returns
At this point, Cosmax Nbt is very steady. Cosmax Nbt secures Sharpe Ratio (or Efficiency) of 0.0515, which signifies that the company had a 0.0515% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cosmax Nbt, which you can use to evaluate the volatility of the firm. Please confirm Cosmax Nbt's Risk Adjusted Performance of 0.0275, mean deviation of 2.18, and Downside Deviation of 3.25 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Cosmax Nbt has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cosmax Nbt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cosmax Nbt is expected to be smaller as well. Cosmax Nbt right now shows a risk of 3.37%. Please confirm Cosmax Nbt coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Cosmax Nbt will be following its price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Cosmax Nbt has weak reverse predictability. Overlapping area represents the amount of predictability between Cosmax Nbt time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Cosmax Nbt price movement. The serial correlation of -0.24 indicates that over 24.0% of current Cosmax Nbt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 56.4 K |
Cosmax Nbt lagged returns against current returns
Autocorrelation, which is Cosmax Nbt 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 Cosmax Nbt's stock expected returns. We can calculate the autocorrelation of Cosmax Nbt returns to help us make a trade decision. For example, suppose you find that Cosmax Nbt 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 |
Cosmax Nbt 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 Cosmax Nbt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cosmax Nbt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cosmax Nbt stock over time.
Current vs Lagged Prices |
| Timeline |
Cosmax Nbt Lagged Returns
When evaluating Cosmax Nbt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cosmax Nbt stock have on its future price. Cosmax Nbt 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, Cosmax Nbt autocorrelation shows the relationship between Cosmax Nbt stock current value and its past values and can show if there is a momentum factor associated with investing in Cosmax Nbt.
Regressed Prices |
| Timeline |
Pair Trading with Cosmax Nbt
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 Cosmax Nbt 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 Cosmax Nbt will appreciate offsetting losses from the drop in the long position's value.Moving against Cosmax Stock
The ability to find closely correlated positions to Cosmax Nbt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cosmax Nbt 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 Cosmax Nbt - 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 Cosmax Nbt to buy it.
The correlation of Cosmax Nbt 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 Cosmax Nbt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cosmax Nbt 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 Cosmax Nbt 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 Cosmax Stock
Cosmax Nbt financial ratios help investors to determine whether Cosmax 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 Cosmax with respect to the benefits of owning Cosmax Nbt security.