Netmarble Games (Korea) Market Value
| 251270 Stock | 50,100 3,300 6.18% |
| Symbol | Netmarble |
Netmarble Games '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 Netmarble Games' 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 Netmarble Games.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Netmarble Games on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Netmarble Games Corp or generate 0.0% return on investment in Netmarble Games over 720 days. Netmarble Games is related to or competes with AfreecaTV, SS TECH, Busan Industrial, UNISEM, Finebesteel, Fine Besteel, and Hyundai Heavy. More
Netmarble Games 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 Netmarble Games' 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 Netmarble Games Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.49 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 4.26 |
Netmarble Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netmarble Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netmarble Games' standard deviation. In reality, there are many statistical measures that can use Netmarble Games historical prices to predict the future Netmarble Games' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 2.6 |
Netmarble Games Corp Backtested Returns
Netmarble Games Corp has Sharpe Ratio of -0.0739, which conveys that the firm had a -0.0739% return per unit of risk over the last 3 months. Netmarble Games exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Netmarble Games' Risk Adjusted Performance of (0.02), standard deviation of 2.49, and Mean Deviation of 1.92 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0403, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Netmarble Games are expected to decrease at a much lower rate. During the bear market, Netmarble Games is likely to outperform the market. At this point, Netmarble Games Corp has a negative expected return of -0.19%. Please make sure to verify Netmarble Games' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Netmarble Games Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Netmarble Games Corp has insignificant predictability. Overlapping area represents the amount of predictability between Netmarble Games time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Netmarble Games Corp price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Netmarble Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 15.1 M |
Netmarble Games Corp lagged returns against current returns
Autocorrelation, which is Netmarble Games 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 Netmarble Games' stock expected returns. We can calculate the autocorrelation of Netmarble Games returns to help us make a trade decision. For example, suppose you find that Netmarble Games 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 |
Netmarble Games 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 Netmarble Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netmarble Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netmarble Games stock over time.
Current vs Lagged Prices |
| Timeline |
Netmarble Games Lagged Returns
When evaluating Netmarble Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netmarble Games stock have on its future price. Netmarble Games 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, Netmarble Games autocorrelation shows the relationship between Netmarble Games stock current value and its past values and can show if there is a momentum factor associated with investing in Netmarble Games Corp.
Regressed Prices |
| Timeline |
Pair Trading with Netmarble Games
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 Netmarble Games 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 Netmarble Games will appreciate offsetting losses from the drop in the long position's value.Moving together with Netmarble Stock
The ability to find closely correlated positions to Netmarble Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Netmarble Games 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 Netmarble Games - 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 Netmarble Games Corp to buy it.
The correlation of Netmarble Games 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 Netmarble Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Netmarble Games 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 Netmarble Games 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 Netmarble Stock
Netmarble Games financial ratios help investors to determine whether Netmarble 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 Netmarble with respect to the benefits of owning Netmarble Games security.