CS BEARING (Korea) Market Value
| 297090 Stock | KRW 4,255 55.00 1.31% |
| Symbol | 297090 |
CS BEARING '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 CS BEARING'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 CS BEARING.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in CS BEARING on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding CS BEARING CoLtd or generate 0.0% return on investment in CS BEARING over 30 days. CS BEARING is related to or competes with Rainbow Robotics, and HS Valve. CS Bearing Co., Ltd. designs and manufactures bearings for plants and wind power generation facilities in South Korea More
CS BEARING 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 CS BEARING'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 CS BEARING CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 28.83 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 4.61 |
CS BEARING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CS BEARING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CS BEARING's standard deviation. In reality, there are many statistical measures that can use CS BEARING historical prices to predict the future CS BEARING's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | 2.36 |
CS BEARING CoLtd Backtested Returns
CS BEARING CoLtd retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the company had a -0.12% return per unit of price deviation over the last 3 months. CS BEARING exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CS BEARING's Market Risk Adjusted Performance of 2.37, information ratio of (0.19), and Variance of 14.55 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CS BEARING are expected to decrease at a much lower rate. During the bear market, CS BEARING is likely to outperform the market. At this point, CS BEARING CoLtd has a negative expected return of -0.5%. Please make sure to confirm CS BEARING's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if CS BEARING CoLtd performance from the past will be repeated sooner or later.
Auto-correlation | -0.49 |
Modest reverse predictability
CS BEARING CoLtd has modest reverse predictability. Overlapping area represents the amount of predictability between CS BEARING 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 CS BEARING CoLtd price movement. The serial correlation of -0.49 indicates that about 49.0% of current CS BEARING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 11.3 K |
CS BEARING CoLtd lagged returns against current returns
Autocorrelation, which is CS BEARING 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 CS BEARING's stock expected returns. We can calculate the autocorrelation of CS BEARING returns to help us make a trade decision. For example, suppose you find that CS BEARING 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 |
CS BEARING 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 CS BEARING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CS BEARING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CS BEARING stock over time.
Current vs Lagged Prices |
| Timeline |
CS BEARING Lagged Returns
When evaluating CS BEARING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CS BEARING stock have on its future price. CS BEARING 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, CS BEARING autocorrelation shows the relationship between CS BEARING stock current value and its past values and can show if there is a momentum factor associated with investing in CS BEARING CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with CS BEARING
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 CS BEARING 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 CS BEARING will appreciate offsetting losses from the drop in the long position's value.Moving against 297090 Stock
The ability to find closely correlated positions to CS BEARING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CS BEARING 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 CS BEARING - 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 CS BEARING CoLtd to buy it.
The correlation of CS BEARING 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 CS BEARING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CS BEARING 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 CS BEARING 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 297090 Stock
CS BEARING financial ratios help investors to determine whether 297090 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 297090 with respect to the benefits of owning CS BEARING security.