N2Tech (Korea) Market Value
| 227950 Stock | KRW 454.00 1.00 0.22% |
| Symbol | N2Tech |
N2Tech '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 N2Tech'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 N2Tech.
| 01/23/2023 |
| 01/12/2025 |
If you would invest 0.00 in N2Tech on January 23, 2023 and sell it all today you would earn a total of 0.00 from holding N2Tech Co or generate 0.0% return on investment in N2Tech over 720 days. N2Tech is related to or competes with Iljin Display, Chorokbaem Healthcare, Infinitt Healthcare, INFINITT Healthcare, Digital Power, Kbi Metal, and Display Tech. More
N2Tech 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 N2Tech'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 N2Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.0125 | |||
| Maximum Drawdown | 38.62 | |||
| Value At Risk | (7.17) | |||
| Potential Upside | 4.51 |
N2Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for N2Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N2Tech's standard deviation. In reality, there are many statistical measures that can use N2Tech historical prices to predict the future N2Tech's volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | 0.0538 | |||
| Total Risk Alpha | 0.1208 | |||
| Sortino Ratio | 0.017 | |||
| Treynor Ratio | 0.1559 |
N2Tech Backtested Returns
At this point, N2Tech is very steady. N2Tech has Sharpe Ratio of 0.0221, which conveys that the company had a 0.0221% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for N2Tech, which you can use to evaluate the volatility of the entity. Please verify N2Tech's downside deviation of 3.63, and Mean Deviation of 2.67 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. N2Tech has a performance score of 1 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, N2Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding N2Tech is expected to be smaller as well. N2Tech at this time secures a risk of 4.95%. Please verify N2Tech Co total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if N2Tech Co will be following its current price movements.
Auto-correlation | 0.57 |
Modest predictability
N2Tech Co has modest predictability. Overlapping area represents the amount of predictability between N2Tech time series from 23rd of January 2023 to 18th of January 2024 and 18th of January 2024 to 12th of January 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 N2Tech price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current N2Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 10.4 K |
N2Tech lagged returns against current returns
Autocorrelation, which is N2Tech 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 N2Tech's stock expected returns. We can calculate the autocorrelation of N2Tech returns to help us make a trade decision. For example, suppose you find that N2Tech 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 |
N2Tech 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 N2Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N2Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N2Tech stock over time.
Current vs Lagged Prices |
| Timeline |
N2Tech Lagged Returns
When evaluating N2Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N2Tech stock have on its future price. N2Tech 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, N2Tech autocorrelation shows the relationship between N2Tech stock current value and its past values and can show if there is a momentum factor associated with investing in N2Tech Co.
Regressed Prices |
| Timeline |
Pair Trading with N2Tech
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 N2Tech 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 N2Tech will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to N2Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace N2Tech 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 N2Tech - 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 N2Tech Co to buy it.
The correlation of N2Tech 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 N2Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if N2Tech 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 N2Tech 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 N2Tech Stock
N2Tech financial ratios help investors to determine whether N2Tech 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 N2Tech with respect to the benefits of owning N2Tech security.