Wider Planet (Korea) Market Value
| 321820 Stock | KRW 18,480 370.00 2.04% |
| Symbol | Wider |
Wider Planet '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 Wider Planet'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 Wider Planet.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Wider Planet on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Wider Planet or generate 0.0% return on investment in Wider Planet over 180 days. Wider Planet is related to or competes with INtRON Biotechnology, Asiana Airlines, FOODWELL, BIT Computer, Sam Yang, Ssangyong Information, and Korea Computer. WIDER PLANET Inc. operates advertising platforms in South Korea and internationally More
Wider Planet 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 Wider Planet'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 Wider Planet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.1395 | |||
| Maximum Drawdown | 15.99 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 5.98 |
Wider Planet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wider Planet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wider Planet's standard deviation. In reality, there are many statistical measures that can use Wider Planet historical prices to predict the future Wider Planet's volatility.| Risk Adjusted Performance | 0.1453 | |||
| Jensen Alpha | 0.6598 | |||
| Total Risk Alpha | 0.0342 | |||
| Sortino Ratio | 0.1574 | |||
| Treynor Ratio | (1.37) |
Wider Planet Backtested Returns
Wider Planet appears to be very steady, given 3 months investment horizon. Wider Planet shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining Wider Planet's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Wider Planet's Market Risk Adjusted Performance of (1.36), mean deviation of 2.67, and Downside Deviation of 3.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wider Planet holds a performance score of 14. The firm maintains a market beta of -0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wider Planet are expected to decrease at a much lower rate. During the bear market, Wider Planet is likely to outperform the market. Please check Wider Planet's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Wider Planet's historical returns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Wider Planet has very good reverse predictability. Overlapping area represents the amount of predictability between Wider Planet time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Wider Planet price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Wider Planet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.3 M |
Wider Planet lagged returns against current returns
Autocorrelation, which is Wider Planet 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 Wider Planet's stock expected returns. We can calculate the autocorrelation of Wider Planet returns to help us make a trade decision. For example, suppose you find that Wider Planet 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 |
Wider Planet 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 Wider Planet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wider Planet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wider Planet stock over time.
Current vs Lagged Prices |
| Timeline |
Wider Planet Lagged Returns
When evaluating Wider Planet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wider Planet stock have on its future price. Wider Planet 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, Wider Planet autocorrelation shows the relationship between Wider Planet stock current value and its past values and can show if there is a momentum factor associated with investing in Wider Planet.
Regressed Prices |
| Timeline |
Pair Trading with Wider Planet
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 Wider Planet 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 Wider Planet will appreciate offsetting losses from the drop in the long position's value.Moving against Wider Stock
| 0.84 | 005935 | Samsung Electronics | PairCorr |
| 0.84 | 005930 | Samsung Electronics | PairCorr |
| 0.53 | 000270 | Kia Corp | PairCorr |
| 0.53 | 034220 | LG Display | PairCorr |
| 0.37 | 005385 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Wider Planet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wider Planet 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 Wider Planet - 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 Wider Planet to buy it.
The correlation of Wider Planet 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 Wider Planet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wider Planet 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 Wider Planet 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 Wider Stock
Wider Planet financial ratios help investors to determine whether Wider 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 Wider with respect to the benefits of owning Wider Planet security.