Cosmecca Korea (Korea) Market Value
| 241710 Stock | KRW 52,800 400.00 0.75% |
| Symbol | Cosmecca |
Cosmecca Korea '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 Cosmecca Korea'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 Cosmecca Korea.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cosmecca Korea on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cosmecca Korea Co or generate 0.0% return on investment in Cosmecca Korea over 30 days. Cosmecca Korea is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. Cosmecca Korea Co., Ltd. engages in the research and development, manufacture, and sale of cosmetics in South Korea and ... More
Cosmecca Korea 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 Cosmecca Korea'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 Cosmecca Korea Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 23.99 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 5.19 |
Cosmecca Korea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cosmecca Korea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cosmecca Korea's standard deviation. In reality, there are many statistical measures that can use Cosmecca Korea historical prices to predict the future Cosmecca Korea's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (5.54) |
Cosmecca Korea Backtested Returns
Cosmecca Korea secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Cosmecca Korea Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cosmecca Korea's Standard Deviation of 3.85, risk adjusted performance of (0.08), and Mean Deviation of 2.75 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0799, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cosmecca Korea's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cosmecca Korea is expected to be smaller as well. At this point, Cosmecca Korea has a negative expected return of -0.56%. Please make sure to confirm Cosmecca Korea's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Cosmecca Korea performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Cosmecca Korea Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Cosmecca Korea time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Cosmecca Korea price movement. The serial correlation of -0.01 indicates that just 1.0% of current Cosmecca Korea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 21.5 M |
Cosmecca Korea lagged returns against current returns
Autocorrelation, which is Cosmecca Korea 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 Cosmecca Korea's stock expected returns. We can calculate the autocorrelation of Cosmecca Korea returns to help us make a trade decision. For example, suppose you find that Cosmecca Korea 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 |
Cosmecca Korea 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 Cosmecca Korea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cosmecca Korea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cosmecca Korea stock over time.
Current vs Lagged Prices |
| Timeline |
Cosmecca Korea Lagged Returns
When evaluating Cosmecca Korea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cosmecca Korea stock have on its future price. Cosmecca Korea 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, Cosmecca Korea autocorrelation shows the relationship between Cosmecca Korea stock current value and its past values and can show if there is a momentum factor associated with investing in Cosmecca Korea Co.
Regressed Prices |
| Timeline |
Pair Trading with Cosmecca Korea
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 Cosmecca Korea 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 Cosmecca Korea will appreciate offsetting losses from the drop in the long position's value.Moving together with Cosmecca Stock
| 0.69 | 034220 | LG Display | PairCorr |
| 0.63 | 005385 | Hyundai Motor | PairCorr |
| 0.7 | 089970 | Adaptive Plasma Tech | PairCorr |
Moving against Cosmecca Stock
The ability to find closely correlated positions to Cosmecca Korea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cosmecca Korea 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 Cosmecca Korea - 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 Cosmecca Korea Co to buy it.
The correlation of Cosmecca Korea 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 Cosmecca Korea moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cosmecca Korea 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 Cosmecca Korea 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 Cosmecca Stock
Cosmecca Korea financial ratios help investors to determine whether Cosmecca 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 Cosmecca with respect to the benefits of owning Cosmecca Korea security.