Pharmsville (Korea) Market Value
| 318010 Stock | KRW 4,385 90.00 2.01% |
| Symbol | Pharmsville |
Pharmsville '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 Pharmsville'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 Pharmsville.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Pharmsville on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Pharmsville Co or generate 0.0% return on investment in Pharmsville over 720 days. Pharmsville is related to or competes with Newtree CoLtd, Foodnamoo, and Cherrybro CoLtd. Pharmsville Co., Ltd. produces and sells functional health foods in South Korea More
Pharmsville 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 Pharmsville'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 Pharmsville Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 43.48 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 5.56 |
Pharmsville Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pharmsville's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pharmsville's standard deviation. In reality, there are many statistical measures that can use Pharmsville historical prices to predict the future Pharmsville's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | (0.58) |
Pharmsville Backtested Returns
Pharmsville maintains Sharpe Ratio (i.e., Efficiency) of -0.0467, which implies the firm had a -0.0467% return per unit of risk over the last 3 months. Pharmsville exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pharmsville's Coefficient Of Variation of (2,097), risk adjusted performance of (0.03), and Variance of 22.71 to confirm the risk estimate we provide. The company holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pharmsville's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pharmsville is expected to be smaller as well. At this point, Pharmsville has a negative expected return of -0.24%. Please make sure to check Pharmsville's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Pharmsville performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Pharmsville Co has very good predictability. Overlapping area represents the amount of predictability between Pharmsville time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Pharmsville price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Pharmsville price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
Pharmsville lagged returns against current returns
Autocorrelation, which is Pharmsville 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 Pharmsville's stock expected returns. We can calculate the autocorrelation of Pharmsville returns to help us make a trade decision. For example, suppose you find that Pharmsville 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 |
Pharmsville 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 Pharmsville stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pharmsville stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pharmsville stock over time.
Current vs Lagged Prices |
| Timeline |
Pharmsville Lagged Returns
When evaluating Pharmsville's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pharmsville stock have on its future price. Pharmsville 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, Pharmsville autocorrelation shows the relationship between Pharmsville stock current value and its past values and can show if there is a momentum factor associated with investing in Pharmsville Co.
Regressed Prices |
| Timeline |
Pair Trading with Pharmsville
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 Pharmsville 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 Pharmsville will appreciate offsetting losses from the drop in the long position's value.Moving against Pharmsville Stock
The ability to find closely correlated positions to Pharmsville could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pharmsville 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 Pharmsville - 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 Pharmsville Co to buy it.
The correlation of Pharmsville 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 Pharmsville moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pharmsville 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 Pharmsville 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 Pharmsville Stock
Pharmsville financial ratios help investors to determine whether Pharmsville 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 Pharmsville with respect to the benefits of owning Pharmsville security.