Xavis (Korea) Market Value
| 254120 Stock | KRW 1,494 1.00 0.07% |
| Symbol | Xavis |
Xavis '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 Xavis' 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 Xavis.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Xavis on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Xavis Co or generate 0.0% return on investment in Xavis over 30 days. Xavis is related to or competes with Ecoplastic, Korea Information, Lotte Energy, Hyosung Advanced, Dongbang Transport, and Phoenix Materials. IBKS No. 5 Special Purpose Acquisition Company was incorporated in 2016 and is based in Seoul, South Korea More
Xavis 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 Xavis' 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 Xavis Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.2 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 2.65 |
Xavis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xavis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xavis' standard deviation. In reality, there are many statistical measures that can use Xavis historical prices to predict the future Xavis' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (12.25) |
Xavis Backtested Returns
Xavis shows Sharpe Ratio of -0.31, which attests that the company had a -0.31% return per unit of risk over the last 3 months. Xavis exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xavis' Market Risk Adjusted Performance of (12.24), mean deviation of 1.7, and Standard Deviation of 2.44 to validate the risk estimate we provide. The firm maintains a market beta of 0.027, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xavis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Xavis is expected to be smaller as well. At this point, Xavis has a negative expected return of -0.62%. Please make sure to check out Xavis' treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Xavis performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Xavis Co has good predictability. Overlapping area represents the amount of predictability between Xavis time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Xavis price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Xavis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 18.8 K |
Xavis lagged returns against current returns
Autocorrelation, which is Xavis 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 Xavis' stock expected returns. We can calculate the autocorrelation of Xavis returns to help us make a trade decision. For example, suppose you find that Xavis 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 |
Xavis 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 Xavis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xavis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xavis stock over time.
Current vs Lagged Prices |
| Timeline |
Xavis Lagged Returns
When evaluating Xavis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xavis stock have on its future price. Xavis 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, Xavis autocorrelation shows the relationship between Xavis stock current value and its past values and can show if there is a momentum factor associated with investing in Xavis Co.
Regressed Prices |
| Timeline |
Pair Trading with Xavis
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 Xavis 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 Xavis will appreciate offsetting losses from the drop in the long position's value.Moving together with Xavis Stock
The ability to find closely correlated positions to Xavis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xavis 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 Xavis - 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 Xavis Co to buy it.
The correlation of Xavis 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 Xavis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xavis 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 Xavis 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 Xavis Stock
Xavis financial ratios help investors to determine whether Xavis 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 Xavis with respect to the benefits of owning Xavis security.