Withuspharmaceutical (Korea) Market Value
| 330350 Stock | KRW 6,700 50.00 0.74% |
| Symbol | Withuspharmaceutical |
Withuspharmaceutical '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 Withuspharmaceutical'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 Withuspharmaceutical.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Withuspharmaceutical on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Withuspharmaceutical CoLtd or generate 0.0% return on investment in Withuspharmaceutical over 30 days. Withuspharmaceutical is related to or competes with Kolon Life, Aminologics CoLtd, High Tech. Withus Pharmaceutical Co., Ltd. produces and sells pharmaceutical products in South Korea More
Withuspharmaceutical 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 Withuspharmaceutical'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 Withuspharmaceutical CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.83 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 3.33 |
Withuspharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Withuspharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Withuspharmaceutical's standard deviation. In reality, there are many statistical measures that can use Withuspharmaceutical historical prices to predict the future Withuspharmaceutical's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (40.77) |
Withuspharmaceutical Backtested Returns
Withuspharmaceutical shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. Withuspharmaceutical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Withuspharmaceutical's Market Risk Adjusted Performance of (40.76), standard deviation of 2.13, and Mean Deviation of 1.54 to validate the risk estimate we provide. The firm maintains a market beta of 0.0075, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Withuspharmaceutical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Withuspharmaceutical is expected to be smaller as well. At this point, Withuspharmaceutical has a negative expected return of -0.23%. Please make sure to check out Withuspharmaceutical's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Withuspharmaceutical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Withuspharmaceutical CoLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Withuspharmaceutical time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Withuspharmaceutical price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Withuspharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 66 K |
Withuspharmaceutical lagged returns against current returns
Autocorrelation, which is Withuspharmaceutical 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 Withuspharmaceutical's stock expected returns. We can calculate the autocorrelation of Withuspharmaceutical returns to help us make a trade decision. For example, suppose you find that Withuspharmaceutical 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 |
Withuspharmaceutical 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 Withuspharmaceutical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Withuspharmaceutical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Withuspharmaceutical stock over time.
Current vs Lagged Prices |
| Timeline |
Withuspharmaceutical Lagged Returns
When evaluating Withuspharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Withuspharmaceutical stock have on its future price. Withuspharmaceutical 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, Withuspharmaceutical autocorrelation shows the relationship between Withuspharmaceutical stock current value and its past values and can show if there is a momentum factor associated with investing in Withuspharmaceutical CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Withuspharmaceutical
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 Withuspharmaceutical 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 Withuspharmaceutical will appreciate offsetting losses from the drop in the long position's value.Moving together with Withuspharmaceutical Stock
| 0.94 | 102940 | Kolon Life Science | PairCorr |
| 0.84 | 074430 | Aminologics CoLtd | PairCorr |
| 0.77 | 023910 | Daihan Pharmaceutical | PairCorr |
The ability to find closely correlated positions to Withuspharmaceutical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Withuspharmaceutical 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 Withuspharmaceutical - 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 Withuspharmaceutical CoLtd to buy it.
The correlation of Withuspharmaceutical 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 Withuspharmaceutical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Withuspharmaceutical 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 Withuspharmaceutical 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 Withuspharmaceutical Stock
Withuspharmaceutical financial ratios help investors to determine whether Withuspharmaceutical 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 Withuspharmaceutical with respect to the benefits of owning Withuspharmaceutical security.