PlayD (Korea) Market Value
| 237820 Stock | KRW 5,870 20.00 0.34% |
| Symbol | PlayD |
PlayD '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 PlayD'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 PlayD.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in PlayD on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding PlayD Co or generate 0.0% return on investment in PlayD over 30 days. PlayD is related to or competes with Cube Entertainment, ASTORY CoLtd, Neungyule Education. PlayD Co., Ltd. provides online advertising agency services More
PlayD 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 PlayD'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 PlayD Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | (0.000078) | |||
| Maximum Drawdown | 27.35 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 6.77 |
PlayD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PlayD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PlayD's standard deviation. In reality, there are many statistical measures that can use PlayD historical prices to predict the future PlayD's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.0859 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | (0.0001) | |||
| Treynor Ratio | 0.4223 |
PlayD Backtested Returns
PlayD appears to be very steady, given 3 months investment horizon. PlayD maintains Sharpe Ratio (i.e., Efficiency) of 0.0564, which implies the firm had a 0.0564% return per unit of risk over the last 3 months. We have found thirty technical indicators for PlayD, which you can use to evaluate the volatility of the company. Please evaluate PlayD's Semi Deviation of 3.01, risk adjusted performance of 0.0327, and Coefficient Of Variation of 3107.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PlayD holds a performance score of 4. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, PlayD's returns are expected to increase less than the market. However, during the bear market, the loss of holding PlayD is expected to be smaller as well. Please check PlayD's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether PlayD's historical price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
PlayD Co has poor reverse predictability. Overlapping area represents the amount of predictability between PlayD 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 PlayD price movement. The serial correlation of -0.36 indicates that just about 36.0% of current PlayD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 31.7 K |
PlayD lagged returns against current returns
Autocorrelation, which is PlayD 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 PlayD's stock expected returns. We can calculate the autocorrelation of PlayD returns to help us make a trade decision. For example, suppose you find that PlayD 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 |
PlayD 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 PlayD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PlayD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PlayD stock over time.
Current vs Lagged Prices |
| Timeline |
PlayD Lagged Returns
When evaluating PlayD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PlayD stock have on its future price. PlayD 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, PlayD autocorrelation shows the relationship between PlayD stock current value and its past values and can show if there is a momentum factor associated with investing in PlayD Co.
Regressed Prices |
| Timeline |
Pair Trading with PlayD
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 PlayD 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 PlayD will appreciate offsetting losses from the drop in the long position's value.Moving against PlayD Stock
| 0.56 | 000270 | Kia Corp | PairCorr |
| 0.42 | 005385 | Hyundai Motor | PairCorr |
| 0.41 | 005935 | Samsung Electronics | PairCorr |
| 0.39 | 005380 | Hyundai Motor | PairCorr |
| 0.37 | 005930 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to PlayD could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PlayD 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 PlayD - 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 PlayD Co to buy it.
The correlation of PlayD 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 PlayD moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PlayD 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 PlayD 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 PlayD Stock
PlayD financial ratios help investors to determine whether PlayD 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 PlayD with respect to the benefits of owning PlayD security.