CTK (Korea) Market Value
| 260930 Stock | KRW 6,210 90.00 1.43% |
| Symbol | CTK |
CTK '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 CTK'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 CTK.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in CTK on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding CTK Co or generate 0.0% return on investment in CTK over 180 days. CTK is related to or competes with KOSES CoLtd, Namuga, Ecoplastic, and DC Media. CTK Cosmetics Co., Ltd manufactures and sells cosmetics and cosmetic containers in South Korea and internationally More
CTK 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 CTK'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 CTK Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 5.05 |
CTK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTK's standard deviation. In reality, there are many statistical measures that can use CTK historical prices to predict the future CTK's volatility.| Risk Adjusted Performance | 0.0189 | |||
| Jensen Alpha | 0.0288 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.7892 |
CTK Co Backtested Returns
At this point, CTK is very steady. CTK Co secures Sharpe Ratio (or Efficiency) of 0.0354, which signifies that the company had a 0.0354% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for CTK Co, which you can use to evaluate the volatility of the firm. Please confirm CTK's Risk Adjusted Performance of 0.0189, semi deviation of 2.12, and Mean Deviation of 2.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. CTK has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0436, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CTK's returns are expected to increase less than the market. However, during the bear market, the loss of holding CTK is expected to be smaller as well. CTK Co currently shows a risk of 2.91%. Please confirm CTK Co downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if CTK Co will be following its price patterns.
Auto-correlation | 0.50 |
Modest predictability
CTK Co has modest predictability. Overlapping area represents the amount of predictability between CTK time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 CTK Co price movement. The serial correlation of 0.5 indicates that about 50.0% of current CTK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 83.7 K |
CTK Co lagged returns against current returns
Autocorrelation, which is CTK 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 CTK's stock expected returns. We can calculate the autocorrelation of CTK returns to help us make a trade decision. For example, suppose you find that CTK 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 |
CTK 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 CTK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTK stock over time.
Current vs Lagged Prices |
| Timeline |
CTK Lagged Returns
When evaluating CTK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTK stock have on its future price. CTK 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, CTK autocorrelation shows the relationship between CTK stock current value and its past values and can show if there is a momentum factor associated with investing in CTK Co.
Regressed Prices |
| Timeline |
Other Information on Investing in CTK Stock
CTK financial ratios help investors to determine whether CTK 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 CTK with respect to the benefits of owning CTK security.