MPLUS Corp (Korea) Market Value
| 259630 Stock | KRW 7,460 80.00 1.08% |
| Symbol | MPLUS |
MPLUS Corp '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 MPLUS Corp'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 MPLUS Corp.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in MPLUS Corp on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding mPLUS Corp or generate 0.0% return on investment in MPLUS Corp over 60 days. MPLUS Corp is related to or competes with Ecopro BM, Shin Heung, Sangsin Energy, Amogreentech CoLtd, Bosung Power, APro, and S Fuelcell. mPLUS Corp. manufactures and sells secondary battery manufacturing equipment in South Korea More
MPLUS Corp 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 MPLUS Corp'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 mPLUS Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 13.5 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 2.98 |
MPLUS Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MPLUS Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MPLUS Corp's standard deviation. In reality, there are many statistical measures that can use MPLUS Corp historical prices to predict the future MPLUS Corp's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | 1.48 |
mPLUS Corp Backtested Returns
mPLUS Corp has Sharpe Ratio of -0.32, which conveys that the firm had a -0.32% return per unit of volatility over the last 3 months. MPLUS Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MPLUS Corp's risk adjusted performance of (0.21), and Standard Deviation of 2.25 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MPLUS Corp are expected to decrease at a much lower rate. During the bear market, MPLUS Corp is likely to outperform the market. At this point, mPLUS Corp has a negative expected return of -0.63%. Please make sure to verify MPLUS Corp's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if mPLUS Corp performance from the past will be repeated at future time.
Auto-correlation | 0.92 |
Excellent predictability
mPLUS Corp has excellent predictability. Overlapping area represents the amount of predictability between MPLUS Corp time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 mPLUS Corp price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current MPLUS Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 654.7 K |
mPLUS Corp lagged returns against current returns
Autocorrelation, which is MPLUS Corp 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 MPLUS Corp's stock expected returns. We can calculate the autocorrelation of MPLUS Corp returns to help us make a trade decision. For example, suppose you find that MPLUS Corp 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 |
MPLUS Corp 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 MPLUS Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MPLUS Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MPLUS Corp stock over time.
Current vs Lagged Prices |
| Timeline |
MPLUS Corp Lagged Returns
When evaluating MPLUS Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MPLUS Corp stock have on its future price. MPLUS Corp 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, MPLUS Corp autocorrelation shows the relationship between MPLUS Corp stock current value and its past values and can show if there is a momentum factor associated with investing in mPLUS Corp.
Regressed Prices |
| Timeline |
Pair Trading with MPLUS Corp
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 MPLUS Corp 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 MPLUS Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with MPLUS Stock
| 0.77 | 247540 | Ecopro BM | PairCorr |
| 0.88 | 243840 | Shin Heung Energy | PairCorr |
| 0.95 | 091580 | Sangsin Energy Display | PairCorr |
| 0.7 | 125210 | Amogreentech CoLtd | PairCorr |
Moving against MPLUS Stock
The ability to find closely correlated positions to MPLUS Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MPLUS Corp 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 MPLUS Corp - 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 mPLUS Corp to buy it.
The correlation of MPLUS Corp 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 MPLUS Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if mPLUS 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 MPLUS Corp 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 MPLUS Stock
MPLUS Corp financial ratios help investors to determine whether MPLUS 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 MPLUS with respect to the benefits of owning MPLUS Corp security.