Echomarketing CoLtd (Korea) Market Value
| 230360 Stock | KRW 9,840 120.00 1.23% |
| Symbol | Echomarketing |
Echomarketing 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 Echomarketing 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 Echomarketing CoLtd.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Echomarketing CoLtd on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Echomarketing CoLtd or generate 0.0% return on investment in Echomarketing CoLtd over 30 days. Echomarketing CoLtd is related to or competes with AfreecaTV, SS TECH, Busan Industrial, UNISEM, Finebesteel, Fine Besteel, and Hyundai Heavy. ,Ltd. provides marketing services in South Korea and internationally More
Echomarketing 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 Echomarketing 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 Echomarketing CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.55 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 4.6 |
Echomarketing CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Echomarketing CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Echomarketing CoLtd's standard deviation. In reality, there are many statistical measures that can use Echomarketing CoLtd historical prices to predict the future Echomarketing CoLtd's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 0.4776 |
Echomarketing CoLtd Backtested Returns
Echomarketing CoLtd secures Sharpe Ratio (or Efficiency) of -0.0064, which denotes the company had a -0.0064% return per unit of risk over the last 3 months. Echomarketing CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Echomarketing CoLtd's Standard Deviation of 3.29, mean deviation of 2.32, and Variance of 10.82 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Echomarketing CoLtd are expected to decrease at a much lower rate. During the bear market, Echomarketing CoLtd is likely to outperform the market. At this point, Echomarketing CoLtd has a negative expected return of -0.0217%. Please make sure to confirm Echomarketing CoLtd's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Echomarketing CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Echomarketing CoLtd has very weak reverse predictability. Overlapping area represents the amount of predictability between Echomarketing CoLtd time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Echomarketing CoLtd price movement. The serial correlation of -0.03 indicates that only 3.0% of current Echomarketing CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 241.9 K |
Echomarketing CoLtd lagged returns against current returns
Autocorrelation, which is Echomarketing 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 Echomarketing CoLtd's stock expected returns. We can calculate the autocorrelation of Echomarketing CoLtd returns to help us make a trade decision. For example, suppose you find that Echomarketing 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 |
Echomarketing 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 Echomarketing CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Echomarketing CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Echomarketing CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Echomarketing CoLtd Lagged Returns
When evaluating Echomarketing CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Echomarketing CoLtd stock have on its future price. Echomarketing 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, Echomarketing CoLtd autocorrelation shows the relationship between Echomarketing CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Echomarketing CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Echomarketing 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 Echomarketing 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 Echomarketing CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with Echomarketing Stock
The ability to find closely correlated positions to Echomarketing 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 Echomarketing 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 Echomarketing 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 Echomarketing CoLtd to buy it.
The correlation of Echomarketing 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 Echomarketing CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Echomarketing 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 Echomarketing 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 Echomarketing Stock
Echomarketing CoLtd financial ratios help investors to determine whether Echomarketing 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 Echomarketing with respect to the benefits of owning Echomarketing CoLtd security.