PanGen Biotech (Korea) Market Value
| 222110 Stock | KRW 6,110 60.00 0.97% |
| Symbol | PanGen |
PanGen Biotech '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 PanGen Biotech'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 PanGen Biotech.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in PanGen Biotech on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding PanGen Biotech or generate 0.0% return on investment in PanGen Biotech over 720 days. PanGen Biotech is related to or competes with Iljin Display, SM Entertainment, Ssangyong Information, MEDIANA CoLtd, Korea Computer, Daewon Media, and Tamul Multimedia. PanGen Biotech Inc. operates as a specialized biologics company in South Korea More
PanGen Biotech 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 PanGen Biotech'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 PanGen Biotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | 0.0927 | |||
| Maximum Drawdown | 39.34 | |||
| Value At Risk | (6.10) | |||
| Potential Upside | 9.2 |
PanGen Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PanGen Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PanGen Biotech's standard deviation. In reality, there are many statistical measures that can use PanGen Biotech historical prices to predict the future PanGen Biotech's volatility.| Risk Adjusted Performance | 0.098 | |||
| Jensen Alpha | 0.6991 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.1546 | |||
| Treynor Ratio | (1.10) |
PanGen Biotech Backtested Returns
PanGen Biotech appears to be very steady, given 3 months investment horizon. PanGen Biotech maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing PanGen Biotech's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please evaluate PanGen Biotech's Risk Adjusted Performance of 0.098, semi deviation of 2.71, and Coefficient Of Variation of 857.9 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PanGen Biotech holds a performance score of 10. The company holds a Beta of -0.57, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PanGen Biotech are expected to decrease at a much lower rate. During the bear market, PanGen Biotech is likely to outperform the market. Please check PanGen Biotech's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether PanGen Biotech's historical price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
PanGen Biotech has average predictability. Overlapping area represents the amount of predictability between PanGen Biotech time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 PanGen Biotech price movement. The serial correlation of 0.46 indicates that about 46.0% of current PanGen Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 785.3 K |
PanGen Biotech lagged returns against current returns
Autocorrelation, which is PanGen Biotech 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 PanGen Biotech's stock expected returns. We can calculate the autocorrelation of PanGen Biotech returns to help us make a trade decision. For example, suppose you find that PanGen Biotech 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 |
PanGen Biotech 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 PanGen Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PanGen Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PanGen Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
PanGen Biotech Lagged Returns
When evaluating PanGen Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PanGen Biotech stock have on its future price. PanGen Biotech 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, PanGen Biotech autocorrelation shows the relationship between PanGen Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in PanGen Biotech.
Regressed Prices |
| Timeline |
Pair Trading with PanGen Biotech
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 PanGen Biotech 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 PanGen Biotech will appreciate offsetting losses from the drop in the long position's value.Moving against PanGen Stock
| 0.82 | 235980 | MedPacto | PairCorr |
| 0.73 | 302440 | SK Bioscience | PairCorr |
| 0.73 | 086890 | ISU Abxis | PairCorr |
| 0.57 | 144510 | Green Cross Lab | PairCorr |
| 0.5 | 244460 | OLIPASS Split | PairCorr |
The ability to find closely correlated positions to PanGen Biotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PanGen Biotech 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 PanGen Biotech - 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 PanGen Biotech to buy it.
The correlation of PanGen Biotech 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 PanGen Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PanGen Biotech 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 PanGen Biotech 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 PanGen Stock
PanGen Biotech financial ratios help investors to determine whether PanGen 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 PanGen with respect to the benefits of owning PanGen Biotech security.