Neo Cremar (Korea) Market Value
| 311390 Stock | KRW 7,420 110.00 1.46% |
| Symbol | Neo |
Neo Cremar '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 Neo Cremar'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 Neo Cremar.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Neo Cremar on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Neo Cremar Co or generate 0.0% return on investment in Neo Cremar over 30 days. Neo Cremar is related to or competes with KT Submarine, Shinsegae Information, Sejong Telecom, DC Media, Nable Communications, Dongbang Transport, and Nasmedia. ,Ltd produces and sells functional food ingredients and additives in South Korea and internationally More
Neo Cremar 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 Neo Cremar'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 Neo Cremar Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0746 | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 2.66 |
Neo Cremar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neo Cremar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neo Cremar's standard deviation. In reality, there are many statistical measures that can use Neo Cremar historical prices to predict the future Neo Cremar's volatility.| Risk Adjusted Performance | 0.1299 | |||
| Jensen Alpha | 0.2374 | |||
| Total Risk Alpha | (0.001) | |||
| Sortino Ratio | 0.0569 | |||
| Treynor Ratio | (3.54) |
Neo Cremar Backtested Returns
Neo Cremar appears to be very steady, given 3 months investment horizon. Neo Cremar has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Neo Cremar, which you can use to evaluate the volatility of the firm. Please exercise Neo Cremar's Downside Deviation of 1.92, risk adjusted performance of 0.1299, and Mean Deviation of 0.8882 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Neo Cremar holds a performance score of 16. The company secures a Beta (Market Risk) of -0.0648, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Neo Cremar are expected to decrease at a much lower rate. During the bear market, Neo Cremar is likely to outperform the market. Please check Neo Cremar's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Neo Cremar's current price movements will revert.
Auto-correlation | 0.54 |
Modest predictability
Neo Cremar Co has modest predictability. Overlapping area represents the amount of predictability between Neo Cremar 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 Neo Cremar price movement. The serial correlation of 0.54 indicates that about 54.0% of current Neo Cremar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 2614.88 |
Neo Cremar lagged returns against current returns
Autocorrelation, which is Neo Cremar 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 Neo Cremar's stock expected returns. We can calculate the autocorrelation of Neo Cremar returns to help us make a trade decision. For example, suppose you find that Neo Cremar 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 |
Neo Cremar 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 Neo Cremar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neo Cremar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neo Cremar stock over time.
Current vs Lagged Prices |
| Timeline |
Neo Cremar Lagged Returns
When evaluating Neo Cremar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neo Cremar stock have on its future price. Neo Cremar 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, Neo Cremar autocorrelation shows the relationship between Neo Cremar stock current value and its past values and can show if there is a momentum factor associated with investing in Neo Cremar Co.
Regressed Prices |
| Timeline |
Pair Trading with Neo Cremar
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 Neo Cremar 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 Neo Cremar will appreciate offsetting losses from the drop in the long position's value.Moving against Neo Stock
| 0.87 | 103840 | Wooyang | PairCorr |
| 0.84 | 267980 | Maeil Dairies | PairCorr |
| 0.78 | 154030 | Asia Seed CoLtd | PairCorr |
| 0.78 | 005930 | Samsung Electronics | PairCorr |
| 0.77 | 005935 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Neo Cremar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neo Cremar 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 Neo Cremar - 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 Neo Cremar Co to buy it.
The correlation of Neo Cremar 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 Neo Cremar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neo Cremar 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 Neo Cremar 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 Neo Stock
Neo Cremar financial ratios help investors to determine whether Neo 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 Neo with respect to the benefits of owning Neo Cremar security.