KakaoBank Corp (Korea) Market Value
| 323410 Stock | 21,700 400.00 1.88% |
| Symbol | KakaoBank |
KakaoBank Corp '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 KakaoBank Corp'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 KakaoBank Corp.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in KakaoBank Corp on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding KakaoBank Corp or generate 0.0% return on investment in KakaoBank Corp over 60 days. KakaoBank Corp is related to or competes with Iljin Display, AurosTechnology, Duksan Hi, Daiyang Metal, LG Display, and Display Tech. More
KakaoBank Corp 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 KakaoBank Corp'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 KakaoBank Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 3.47 |
KakaoBank Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KakaoBank Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KakaoBank Corp's standard deviation. In reality, there are many statistical measures that can use KakaoBank Corp historical prices to predict the future KakaoBank Corp's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (2.56) |
KakaoBank Corp Backtested Returns
KakaoBank Corp has Sharpe Ratio of -0.0141, which conveys that the firm had a -0.0141% return per unit of risk over the last 3 months. KakaoBank Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KakaoBank Corp's Standard Deviation of 1.95, mean deviation of 1.41, and insignificant Risk Adjusted Performance to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0146, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KakaoBank Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding KakaoBank Corp is expected to be smaller as well. At this point, KakaoBank Corp has a negative expected return of -0.0274%. Please make sure to verify KakaoBank Corp's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if KakaoBank Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
KakaoBank Corp has poor reverse predictability. Overlapping area represents the amount of predictability between KakaoBank Corp time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 KakaoBank Corp price movement. The serial correlation of -0.39 indicates that just about 39.0% of current KakaoBank Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 659.8 K |
KakaoBank Corp lagged returns against current returns
Autocorrelation, which is KakaoBank Corp 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 KakaoBank Corp's stock expected returns. We can calculate the autocorrelation of KakaoBank Corp returns to help us make a trade decision. For example, suppose you find that KakaoBank Corp 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 |
KakaoBank Corp 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 KakaoBank Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KakaoBank Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KakaoBank Corp stock over time.
Current vs Lagged Prices |
| Timeline |
KakaoBank Corp Lagged Returns
When evaluating KakaoBank Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KakaoBank Corp stock have on its future price. KakaoBank Corp 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, KakaoBank Corp autocorrelation shows the relationship between KakaoBank Corp stock current value and its past values and can show if there is a momentum factor associated with investing in KakaoBank Corp.
Regressed Prices |
| Timeline |
Pair Trading with KakaoBank Corp
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 KakaoBank Corp 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 KakaoBank Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KakaoBank Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KakaoBank Corp 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 KakaoBank Corp - 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 KakaoBank Corp to buy it.
The correlation of KakaoBank Corp 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 KakaoBank Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KakaoBank Corp 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 KakaoBank Corp 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 KakaoBank Stock
KakaoBank Corp financial ratios help investors to determine whether KakaoBank 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 KakaoBank with respect to the benefits of owning KakaoBank Corp security.