FLITTO (Korea) Market Value
| 300080 Stock | KRW 17,510 4,040 29.99% |
| Symbol | FLITTO |
FLITTO '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 FLITTO'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 FLITTO.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in FLITTO on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding FLITTO Inc or generate 0.0% return on investment in FLITTO over 30 days. FLITTO is related to or competes with VAIV, Innodep, and WISE ITech. Flitto Inc., an integrated platform and language data company, provides various translation services More
FLITTO 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 FLITTO'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 FLITTO Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 27.08 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 6.62 |
FLITTO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FLITTO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FLITTO's standard deviation. In reality, there are many statistical measures that can use FLITTO historical prices to predict the future FLITTO's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (0.26) |
FLITTO Inc Backtested Returns
FLITTO appears to be very steady, given 3 months investment horizon. FLITTO Inc secures Sharpe Ratio (or Efficiency) of 0.0422, which denotes the company had a 0.0422% return per unit of return volatility over the last 3 months. We have found twenty-three technical indicators for FLITTO Inc, which you can use to evaluate the volatility of the firm. Please utilize FLITTO's mean deviation of 3.12, and Standard Deviation of 4.4 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FLITTO holds a performance score of 3. The firm shows a Beta (market volatility) of 1.67, which means 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, FLITTO will likely underperform. Please check FLITTO's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether FLITTO's price patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
FLITTO Inc has poor reverse predictability. Overlapping area represents the amount of predictability between FLITTO 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 FLITTO Inc price movement. The serial correlation of -0.38 indicates that just about 38.0% of current FLITTO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 3.5 M |
FLITTO Inc lagged returns against current returns
Autocorrelation, which is FLITTO 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 FLITTO's stock expected returns. We can calculate the autocorrelation of FLITTO returns to help us make a trade decision. For example, suppose you find that FLITTO 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 |
FLITTO 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 FLITTO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FLITTO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FLITTO stock over time.
Current vs Lagged Prices |
| Timeline |
FLITTO Lagged Returns
When evaluating FLITTO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FLITTO stock have on its future price. FLITTO 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, FLITTO autocorrelation shows the relationship between FLITTO stock current value and its past values and can show if there is a momentum factor associated with investing in FLITTO Inc.
Regressed Prices |
| Timeline |
Pair Trading with FLITTO
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 FLITTO 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 FLITTO will appreciate offsetting losses from the drop in the long position's value.Moving together with FLITTO Stock
Moving against FLITTO Stock
The ability to find closely correlated positions to FLITTO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FLITTO 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 FLITTO - 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 FLITTO Inc to buy it.
The correlation of FLITTO 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 FLITTO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FLITTO 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 FLITTO 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 FLITTO Stock
FLITTO financial ratios help investors to determine whether FLITTO 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 FLITTO with respect to the benefits of owning FLITTO security.