Namu Tech (Korea) Market Value
| 242040 Stock | KRW 1,432 75.00 4.98% |
| Symbol | Namu |
Namu Tech '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 Namu Tech'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 Namu Tech.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Namu Tech on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding Namu Tech CoLtd or generate 0.0% return on investment in Namu Tech over 150 days. Namu Tech is related to or competes with Samick Musical, Eagle Veterinary, Cheryong Industrial, Kyeryong Construction, Sungchang Autotech, PH Tech, and Genie Music. ,Ltd. provides construction, consulting, and maintenance services for IT infrastructure and cloud computing environment ... More
Namu Tech 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 Namu Tech'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 Namu Tech CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 27.66 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.88 |
Namu Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Namu Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Namu Tech's standard deviation. In reality, there are many statistical measures that can use Namu Tech historical prices to predict the future Namu Tech's volatility.| Risk Adjusted Performance | 0.0165 | |||
| Jensen Alpha | 0.0413 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0019 | |||
| Treynor Ratio | (0.05) |
Namu Tech CoLtd Backtested Returns
Namu Tech CoLtd has Sharpe Ratio of -0.0238, which conveys that the firm had a -0.0238% return per unit of risk over the last 3 months. Namu Tech exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Namu Tech's Mean Deviation of 2.01, downside deviation of 2.86, and Risk Adjusted Performance of 0.0165 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Namu Tech are expected to decrease at a much lower rate. During the bear market, Namu Tech is likely to outperform the market. At this point, Namu Tech CoLtd has a negative expected return of -0.0879%. Please make sure to verify Namu Tech's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Namu Tech CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Namu Tech CoLtd has insignificant predictability. Overlapping area represents the amount of predictability between Namu Tech time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th of December 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 Namu Tech CoLtd price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Namu Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 7889.25 |
Namu Tech CoLtd lagged returns against current returns
Autocorrelation, which is Namu Tech 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 Namu Tech's stock expected returns. We can calculate the autocorrelation of Namu Tech returns to help us make a trade decision. For example, suppose you find that Namu Tech 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 |
Namu Tech 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 Namu Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Namu Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Namu Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Namu Tech Lagged Returns
When evaluating Namu Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Namu Tech stock have on its future price. Namu Tech 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, Namu Tech autocorrelation shows the relationship between Namu Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Namu Tech CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Namu Tech
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 Namu Tech 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 Namu Tech will appreciate offsetting losses from the drop in the long position's value.Moving against Namu Stock
The ability to find closely correlated positions to Namu Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Namu Tech 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 Namu Tech - 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 Namu Tech CoLtd to buy it.
The correlation of Namu Tech 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 Namu Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Namu Tech 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 Namu Tech 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 Namu Stock
Namu Tech financial ratios help investors to determine whether Namu 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 Namu with respect to the benefits of owning Namu Tech security.