Aloys (Korea) Market Value
| 297570 Stock | KRW 735.00 266.00 26.57% |
| Symbol | Aloys |
Aloys '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 Aloys' 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 Aloys.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Aloys on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Aloys Inc or generate 0.0% return on investment in Aloys over 720 days. Aloys is related to or competes with Lotte Data, NICE Information, Automobile, Value Added, SCI Information, Korea Information, and Hwangkum Steel. The company offers digital STB products for digital broadcasting and multi-functional STB products, which allows various... More
Aloys 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 Aloys' 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 Aloys Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 33.65 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 5.83 |
Aloys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aloys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aloys' standard deviation. In reality, there are many statistical measures that can use Aloys historical prices to predict the future Aloys' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.65) | |||
| Total Risk Alpha | (1.10) | |||
| Treynor Ratio | (0.20) |
Aloys Inc Backtested Returns
Aloys Inc secures Sharpe Ratio (or Efficiency) of -0.0908, which signifies that the company had a -0.0908% return per unit of risk over the last 3 months. Aloys Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aloys' Risk Adjusted Performance of (0.06), standard deviation of 4.24, and Mean Deviation of 2.15 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.99, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aloys will likely underperform. At this point, Aloys Inc has a negative expected return of -0.39%. Please make sure to confirm Aloys' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Aloys Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Aloys Inc has good predictability. Overlapping area represents the amount of predictability between Aloys time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Aloys Inc price movement. The serial correlation of 0.69 indicates that around 69.0% of current Aloys price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 42.3 K |
Aloys Inc lagged returns against current returns
Autocorrelation, which is Aloys 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 Aloys' stock expected returns. We can calculate the autocorrelation of Aloys returns to help us make a trade decision. For example, suppose you find that Aloys 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 |
Aloys 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 Aloys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aloys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aloys stock over time.
Current vs Lagged Prices |
| Timeline |
Aloys Lagged Returns
When evaluating Aloys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aloys stock have on its future price. Aloys 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, Aloys autocorrelation shows the relationship between Aloys stock current value and its past values and can show if there is a momentum factor associated with investing in Aloys Inc.
Regressed Prices |
| Timeline |
Pair Trading with Aloys
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 Aloys 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 Aloys will appreciate offsetting losses from the drop in the long position's value.Moving against Aloys Stock
The ability to find closely correlated positions to Aloys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aloys 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 Aloys - 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 Aloys Inc to buy it.
The correlation of Aloys 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 Aloys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aloys Inc 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 Aloys 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 Aloys Stock
Aloys financial ratios help investors to determine whether Aloys 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 Aloys with respect to the benefits of owning Aloys security.