Woori Financial (Korea) Market Value
| 316140 Stock | 16,790 180.00 1.08% |
| Symbol | Woori |
Woori Financial '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 Woori Financial'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 Woori Financial.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Woori Financial on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Woori Financial Group or generate 0.0% return on investment in Woori Financial over 30 days. Woori Financial is related to or competes with Shinhan Financial, Hana Financial, KakaoBank Corp, Industrial Bank, BNK Financial, and Jb Financial. More
Woori Financial 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 Woori Financial'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 Woori Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0531 | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.93 |
Woori Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Woori Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Woori Financial's standard deviation. In reality, there are many statistical measures that can use Woori Financial historical prices to predict the future Woori Financial's volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.1871 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | 5.56 |
Woori Financial Group Backtested Returns
At this point, Woori Financial is very steady. Woori Financial Group shows Sharpe Ratio of 0.0336, which attests that the company had a 0.0336% return per unit of risk over the last 3 months. We have found thirty technical indicators for Woori Financial Group, which you can use to evaluate the volatility of the company. Please check out Woori Financial's Mean Deviation of 1.21, downside deviation of 1.81, and Market Risk Adjusted Performance of 5.57 to validate if the risk estimate we provide is consistent with the expected return of 0.0565%. Woori Financial has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.0343, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Woori Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Woori Financial is expected to be smaller as well. Woori Financial Group right now maintains a risk of 1.68%. Please check out Woori Financial Group standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Woori Financial Group will be following its historical returns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Woori Financial Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Woori Financial time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Woori Financial Group price movement. The serial correlation of -0.01 indicates that just 1.0% of current Woori Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 90.3 K |
Woori Financial Group lagged returns against current returns
Autocorrelation, which is Woori Financial 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 Woori Financial's stock expected returns. We can calculate the autocorrelation of Woori Financial returns to help us make a trade decision. For example, suppose you find that Woori Financial 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 |
Woori Financial 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 Woori Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Woori Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Woori Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Woori Financial Lagged Returns
When evaluating Woori Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Woori Financial stock have on its future price. Woori Financial 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, Woori Financial autocorrelation shows the relationship between Woori Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Woori Financial Group.
Regressed Prices |
| Timeline |
Pair Trading with Woori Financial
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 Woori Financial 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 Woori Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Woori Stock
Moving against Woori Stock
The ability to find closely correlated positions to Woori Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Woori Financial 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 Woori Financial - 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 Woori Financial Group to buy it.
The correlation of Woori Financial 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 Woori Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Woori Financial Group 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 Woori Financial 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.Additional Information and Resources on Investing in Woori Stock
When determining whether Woori Financial Group is a strong investment it is important to analyze Woori Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Woori Financial's future performance. For an informed investment choice regarding Woori Stock, refer to the following important reports:Check out Woori Financial Correlation, Woori Financial Volatility and Woori Financial Alpha and Beta module to complement your research on Woori Financial. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Woori Financial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.