Newtree CoLtd (Korea) Market Value
| 270870 Stock | KRW 6,110 10.00 0.16% |
| Symbol | Newtree |
Newtree CoLtd '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 Newtree CoLtd'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 Newtree CoLtd.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Newtree CoLtd on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Newtree CoLtd or generate 0.0% return on investment in Newtree CoLtd over 30 days. Newtree CoLtd is related to or competes with KakaoBank Corp, Pureun Mutual, DB Insurance, SCI Information, Jeong Moon, InfoBank, and Korean Reinsurance. It offers skincare, weight management, and health functional food products, as well as health supplements More
Newtree CoLtd 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 Newtree CoLtd'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 Newtree CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 40.73 | |||
| Value At Risk | (5.89) | |||
| Potential Upside | 4.39 |
Newtree CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newtree CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newtree CoLtd's standard deviation. In reality, there are many statistical measures that can use Newtree CoLtd historical prices to predict the future Newtree CoLtd's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (0.56) |
Newtree CoLtd Backtested Returns
Newtree CoLtd has Sharpe Ratio of -0.2, which conveys that the firm had a -0.2% return per unit of risk over the last 3 months. Newtree CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newtree CoLtd's Standard Deviation of 4.73, risk adjusted performance of (0.07), and Mean Deviation of 2.82 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.92, which conveys possible diversification benefits within a given portfolio. Newtree CoLtd returns are very sensitive to returns on the market. As the market goes up or down, Newtree CoLtd is expected to follow. At this point, Newtree CoLtd has a negative expected return of -0.83%. Please make sure to verify Newtree CoLtd's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Newtree CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Newtree CoLtd has poor reverse predictability. Overlapping area represents the amount of predictability between Newtree CoLtd time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Newtree CoLtd price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Newtree CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 730.1 K |
Newtree CoLtd lagged returns against current returns
Autocorrelation, which is Newtree CoLtd 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 Newtree CoLtd's stock expected returns. We can calculate the autocorrelation of Newtree CoLtd returns to help us make a trade decision. For example, suppose you find that Newtree CoLtd 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 |
Newtree CoLtd 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 Newtree CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newtree CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newtree CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Newtree CoLtd Lagged Returns
When evaluating Newtree CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newtree CoLtd stock have on its future price. Newtree CoLtd 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, Newtree CoLtd autocorrelation shows the relationship between Newtree CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Newtree CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Newtree CoLtd
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 Newtree CoLtd 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 Newtree CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with Newtree Stock
Moving against Newtree Stock
The ability to find closely correlated positions to Newtree CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Newtree CoLtd 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 Newtree CoLtd - 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 Newtree CoLtd to buy it.
The correlation of Newtree CoLtd 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 Newtree CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newtree 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 Newtree CoLtd 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 Newtree Stock
Newtree CoLtd financial ratios help investors to determine whether Newtree 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 Newtree with respect to the benefits of owning Newtree CoLtd security.