ZUM Internet (Korea) Market Value
| 239340 Stock | 1,589 30.00 1.92% |
| Symbol | ZUM |
ZUM Internet '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 ZUM Internet'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 ZUM Internet.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in ZUM Internet on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding ZUM Internet Corp or generate 0.0% return on investment in ZUM Internet over 90 days. ZUM Internet is related to or competes with Korean Reinsurance, Shinsegae Information, Nice Information, Daejung Chemicals, Lotte Non, SK Chemicals, and SH Energy. More
ZUM Internet 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 ZUM Internet'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 ZUM Internet Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 16.85 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 3.96 |
ZUM Internet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZUM Internet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZUM Internet's standard deviation. In reality, there are many statistical measures that can use ZUM Internet historical prices to predict the future ZUM Internet's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 0.7048 |
ZUM Internet Corp Backtested Returns
ZUM Internet Corp shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of standard deviation over the last 3 months. ZUM Internet Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZUM Internet's Standard Deviation of 2.58, risk adjusted performance of (0.08), and Mean Deviation of 1.71 to validate the risk estimate we provide. The firm maintains a market beta of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZUM Internet are expected to decrease at a much lower rate. During the bear market, ZUM Internet is likely to outperform the market. At this point, ZUM Internet Corp has a negative expected return of -0.31%. Please make sure to check out ZUM Internet's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if ZUM Internet Corp performance from the past will be repeated at some future point.
Auto-correlation | 0.42 |
Average predictability
ZUM Internet Corp has average predictability. Overlapping area represents the amount of predictability between ZUM Internet time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 ZUM Internet Corp price movement. The serial correlation of 0.42 indicates that just about 42.0% of current ZUM Internet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 8645.04 |
ZUM Internet Corp lagged returns against current returns
Autocorrelation, which is ZUM Internet 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 ZUM Internet's stock expected returns. We can calculate the autocorrelation of ZUM Internet returns to help us make a trade decision. For example, suppose you find that ZUM Internet 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 |
ZUM Internet 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 ZUM Internet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZUM Internet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZUM Internet stock over time.
Current vs Lagged Prices |
| Timeline |
ZUM Internet Lagged Returns
When evaluating ZUM Internet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZUM Internet stock have on its future price. ZUM Internet 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, ZUM Internet autocorrelation shows the relationship between ZUM Internet stock current value and its past values and can show if there is a momentum factor associated with investing in ZUM Internet Corp.
Regressed Prices |
| Timeline |
Pair Trading with ZUM Internet
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 ZUM Internet 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 ZUM Internet will appreciate offsetting losses from the drop in the long position's value.Moving together with ZUM Stock
| 0.68 | 293490 | Kakao Games Corp | PairCorr |
| 0.66 | 022100 | Posco ICT | PairCorr |
| 0.94 | 194480 | Devsisters corporation | PairCorr |
| 0.83 | 347860 | Alchera | PairCorr |
Moving against ZUM Stock
| 0.69 | 158430 | ATON Inc | PairCorr |
| 0.68 | 111710 | Namhwa Industrial | PairCorr |
| 0.62 | 402030 | Konan Technology | PairCorr |
| 0.42 | 373220 | LG Energy Solution | PairCorr |
| 0.38 | 329180 | Hyundai Heavy Industries | PairCorr |
The ability to find closely correlated positions to ZUM Internet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZUM Internet 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 ZUM Internet - 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 ZUM Internet Corp to buy it.
The correlation of ZUM Internet 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 ZUM Internet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZUM Internet Corp 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 ZUM Internet 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 ZUM Stock
ZUM Internet financial ratios help investors to determine whether ZUM 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 ZUM with respect to the benefits of owning ZUM Internet security.