IL Science (Korea) Market Value
| 307180 Stock | KRW 3,025 10.00 0.33% |
| Symbol | 307180 |
IL Science '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 IL Science'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 IL Science.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in IL Science on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding IL Science Co or generate 0.0% return on investment in IL Science over 510 days. IL Science is related to or competes with Songwon Industrial, Hyundai Engineering, Tway Air, Kbi Metal, Eagon Industrial, Jin Air, and Busan Industrial. IL Science Co., Ltd. develops, produces, and installs LED lights, solar light systems, and environmentally friendly prod... More
IL Science 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 IL Science'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 IL Science Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 45.64 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 3.69 |
IL Science Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IL Science's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IL Science's standard deviation. In reality, there are many statistical measures that can use IL Science historical prices to predict the future IL Science's volatility.| Risk Adjusted Performance | 0.0246 | |||
| Jensen Alpha | 0.0501 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2607 |
IL Science Backtested Returns
IL Science retains Efficiency (Sharpe Ratio) of -0.0509, which attests that the entity had a -0.0509% return per unit of price deviation over the last 3 months. IL Science exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IL Science's Market Risk Adjusted Performance of 0.2707, semi deviation of 3.33, and Standard Deviation of 4.8 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IL Science's returns are expected to increase less than the market. However, during the bear market, the loss of holding IL Science is expected to be smaller as well. At this point, IL Science has a negative expected return of -0.13%. Please make sure to check out IL Science's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if IL Science performance from the past will be repeated sooner or later.
Auto-correlation | -0.55 |
Good reverse predictability
IL Science Co has good reverse predictability. Overlapping area represents the amount of predictability between IL Science time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 IL Science price movement. The serial correlation of -0.55 indicates that about 55.0% of current IL Science price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 50.1 K |
IL Science lagged returns against current returns
Autocorrelation, which is IL Science 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 IL Science's stock expected returns. We can calculate the autocorrelation of IL Science returns to help us make a trade decision. For example, suppose you find that IL Science 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 |
IL Science 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 IL Science stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IL Science stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IL Science stock over time.
Current vs Lagged Prices |
| Timeline |
IL Science Lagged Returns
When evaluating IL Science's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IL Science stock have on its future price. IL Science 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, IL Science autocorrelation shows the relationship between IL Science stock current value and its past values and can show if there is a momentum factor associated with investing in IL Science Co.
Regressed Prices |
| Timeline |
Pair Trading with IL Science
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 IL Science 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 IL Science will appreciate offsetting losses from the drop in the long position's value.Moving against 307180 Stock
The ability to find closely correlated positions to IL Science could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IL Science 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 IL Science - 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 IL Science Co to buy it.
The correlation of IL Science 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 IL Science moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IL Science 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 IL Science 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 307180 Stock
IL Science financial ratios help investors to determine whether 307180 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 307180 with respect to the benefits of owning IL Science security.