MediaZen (Korea) Market Value
| 279600 Stock | 11,300 0.00 0.00% |
| Symbol | MediaZen |
MediaZen '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 MediaZen'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 MediaZen.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in MediaZen on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding MediaZen or generate 0.0% return on investment in MediaZen over 30 days.
MediaZen 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 MediaZen'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 MediaZen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.0026 | |||
| Maximum Drawdown | 24.67 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 5.36 |
MediaZen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MediaZen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MediaZen's standard deviation. In reality, there are many statistical measures that can use MediaZen historical prices to predict the future MediaZen's volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | 0.2143 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | (0.18) |
MediaZen Backtested Returns
MediaZen has Sharpe Ratio of -0.0014, which conveys that the firm had a -0.0014% return per unit of risk over the last 3 months. MediaZen exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MediaZen's Mean Deviation of 1.5, risk adjusted performance of 0.0421, and Downside Deviation of 3.24 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MediaZen are expected to decrease at a much lower rate. During the bear market, MediaZen is likely to outperform the market. At this point, MediaZen has a negative expected return of -0.0029%. Please make sure to verify MediaZen's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if MediaZen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
MediaZen has no correlation between past and present. Overlapping area represents the amount of predictability between MediaZen time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 MediaZen price movement. The serial correlation of 0.0 indicates that just 0.0% of current MediaZen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MediaZen lagged returns against current returns
Autocorrelation, which is MediaZen 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 MediaZen's stock expected returns. We can calculate the autocorrelation of MediaZen returns to help us make a trade decision. For example, suppose you find that MediaZen 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 |
MediaZen 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 MediaZen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MediaZen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MediaZen stock over time.
Current vs Lagged Prices |
| Timeline |
MediaZen Lagged Returns
When evaluating MediaZen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MediaZen stock have on its future price. MediaZen 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, MediaZen autocorrelation shows the relationship between MediaZen stock current value and its past values and can show if there is a momentum factor associated with investing in MediaZen.
Regressed Prices |
| Timeline |
Pair Trading with MediaZen
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 MediaZen 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 MediaZen will appreciate offsetting losses from the drop in the long position's value.Moving against MediaZen Stock
The ability to find closely correlated positions to MediaZen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MediaZen 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 MediaZen - 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 MediaZen to buy it.
The correlation of MediaZen 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 MediaZen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MediaZen 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 MediaZen 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.