Moadata (Korea) Market Value
| 288980 Stock | 1,535 5.00 0.32% |
| Symbol | Moadata |
Moadata '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 Moadata'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 Moadata.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Moadata on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Moadata Co or generate 0.0% return on investment in Moadata over 30 days. Moadata is related to or competes with Posco ICT, Devsisters Corporation, Nice Information, InfoBank, and SundayToz Corp. More
Moadata 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 Moadata'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 Moadata Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.6 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 5.97 |
Moadata Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Moadata's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moadata's standard deviation. In reality, there are many statistical measures that can use Moadata historical prices to predict the future Moadata's volatility.| Risk Adjusted Performance | 0.0251 | |||
| Jensen Alpha | 0.0819 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.57) |
Moadata Backtested Returns
At this point, Moadata is very steady. Moadata has Sharpe Ratio of 0.0264, which conveys that the firm had a 0.0264% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Moadata, which you can use to evaluate the volatility of the firm. Please verify Moadata's Downside Deviation of 3.13, risk adjusted performance of 0.0251, and Mean Deviation of 2.51 to check out if the risk estimate we provide is consistent with the expected return of 0.0842%. Moadata has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Moadata are expected to decrease at a much lower rate. During the bear market, Moadata is likely to outperform the market. Moadata right now secures a risk of 3.19%. Please verify Moadata Co semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Moadata Co will be following its current price movements.
Auto-correlation | -0.03 |
Very weak reverse predictability
Moadata Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Moadata time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Moadata price movement. The serial correlation of -0.03 indicates that only 3.0% of current Moadata price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2103.7 |
Moadata lagged returns against current returns
Autocorrelation, which is Moadata 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 Moadata's stock expected returns. We can calculate the autocorrelation of Moadata returns to help us make a trade decision. For example, suppose you find that Moadata 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 |
Moadata 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 Moadata stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moadata stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moadata stock over time.
Current vs Lagged Prices |
| Timeline |
Moadata Lagged Returns
When evaluating Moadata's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moadata stock have on its future price. Moadata 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, Moadata autocorrelation shows the relationship between Moadata stock current value and its past values and can show if there is a momentum factor associated with investing in Moadata Co.
Regressed Prices |
| Timeline |
Pair Trading with Moadata
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 Moadata 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 Moadata will appreciate offsetting losses from the drop in the long position's value.Moving against Moadata Stock
The ability to find closely correlated positions to Moadata could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moadata 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 Moadata - 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 Moadata Co to buy it.
The correlation of Moadata 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 Moadata moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moadata 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 Moadata 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 Moadata Stock
Moadata financial ratios help investors to determine whether Moadata 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 Moadata with respect to the benefits of owning Moadata security.