Carriesoft (Korea) Market Value
| 317530 Stock | KRW 4,040 90.00 2.28% |
| Symbol | Carriesoft |
Carriesoft '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 Carriesoft'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 Carriesoft.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Carriesoft on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Carriesoft Co or generate 0.0% return on investment in Carriesoft over 30 days. Carriesoft is related to or competes with Hankuk Steel, Dongil Steel, Innowireless, Wonil Special, Samhyun Steel, Gyeongnam Steel, and Fine Besteel. Carriesoft Co., Ltd. creates and publishes contents for kids and family worldwide More
Carriesoft 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 Carriesoft'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 Carriesoft Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.0848 | |||
| Maximum Drawdown | 18.08 | |||
| Value At Risk | (6.58) | |||
| Potential Upside | 7.02 |
Carriesoft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carriesoft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carriesoft's standard deviation. In reality, there are many statistical measures that can use Carriesoft historical prices to predict the future Carriesoft's volatility.| Risk Adjusted Performance | 0.0961 | |||
| Jensen Alpha | 0.4802 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0922 | |||
| Treynor Ratio | (0.49) |
Carriesoft Backtested Returns
Carriesoft appears to be very steady, given 3 months investment horizon. Carriesoft secures Sharpe Ratio (or Efficiency) of 0.0997, which signifies that the company had a 0.0997% return per unit of risk over the last 3 months. We have found thirty technical indicators for Carriesoft Co, which you can use to evaluate the volatility of the firm. Please makes use of Carriesoft's Mean Deviation of 2.62, downside deviation of 3.25, and Risk Adjusted Performance of 0.0961 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carriesoft holds a performance score of 7. The firm shows a Beta (market volatility) of -0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Carriesoft are expected to decrease at a much lower rate. During the bear market, Carriesoft is likely to outperform the market. Please check Carriesoft's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Carriesoft's price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Carriesoft Co has very good reverse predictability. Overlapping area represents the amount of predictability between Carriesoft time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Carriesoft price movement. The serial correlation of -0.69 indicates that around 69.0% of current Carriesoft price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 41.9 K |
Carriesoft lagged returns against current returns
Autocorrelation, which is Carriesoft 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 Carriesoft's stock expected returns. We can calculate the autocorrelation of Carriesoft returns to help us make a trade decision. For example, suppose you find that Carriesoft 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 |
Carriesoft 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 Carriesoft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carriesoft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carriesoft stock over time.
Current vs Lagged Prices |
| Timeline |
Carriesoft Lagged Returns
When evaluating Carriesoft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carriesoft stock have on its future price. Carriesoft 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, Carriesoft autocorrelation shows the relationship between Carriesoft stock current value and its past values and can show if there is a momentum factor associated with investing in Carriesoft Co.
Regressed Prices |
| Timeline |
Pair Trading with Carriesoft
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 Carriesoft 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 Carriesoft will appreciate offsetting losses from the drop in the long position's value.Moving together with Carriesoft Stock
Moving against Carriesoft Stock
| 0.8 | 310200 | Aniplus | PairCorr |
| 0.74 | 005935 | Samsung Electronics | PairCorr |
| 0.73 | 005930 | Samsung Electronics | PairCorr |
| 0.68 | 000270 | Kia Corp | PairCorr |
| 0.56 | 225570 | NH SPAC 8 | PairCorr |
The ability to find closely correlated positions to Carriesoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carriesoft 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 Carriesoft - 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 Carriesoft Co to buy it.
The correlation of Carriesoft 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 Carriesoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carriesoft 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 Carriesoft 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 Carriesoft Stock
Carriesoft financial ratios help investors to determine whether Carriesoft 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 Carriesoft with respect to the benefits of owning Carriesoft security.