Alchera (Korea) Market Value
| 347860 Stock | KRW 1,974 66.00 3.24% |
| Symbol | Alchera |
Alchera '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 Alchera'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 Alchera.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Alchera on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Alchera or generate 0.0% return on investment in Alchera over 390 days. Alchera is related to or competes with Golden Bridge, Sam Yang, FOODWELL, Asiana Airlines, Samlip General, DB Financial, and Haitai Confectionery. Alchera Inc. engages in the research and development of artificial Intelligence solutions More
Alchera 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 Alchera'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 Alchera upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.19 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 8.33 |
Alchera Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alchera's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alchera's standard deviation. In reality, there are many statistical measures that can use Alchera historical prices to predict the future Alchera's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 0.4396 |
Alchera Backtested Returns
Alchera secures Sharpe Ratio (or Efficiency) of -0.0987, which signifies that the company had a -0.0987% return per unit of standard deviation over the last 3 months. Alchera exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alchera's mean deviation of 2.78, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alchera are expected to decrease at a much lower rate. During the bear market, Alchera is likely to outperform the market. At this point, Alchera has a negative expected return of -0.35%. Please make sure to confirm Alchera's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Alchera performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Alchera has average predictability. Overlapping area represents the amount of predictability between Alchera time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Alchera price movement. The serial correlation of 0.46 indicates that about 46.0% of current Alchera price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 299.3 K |
Alchera lagged returns against current returns
Autocorrelation, which is Alchera 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 Alchera's stock expected returns. We can calculate the autocorrelation of Alchera returns to help us make a trade decision. For example, suppose you find that Alchera 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 |
Alchera 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 Alchera stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alchera stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alchera stock over time.
Current vs Lagged Prices |
| Timeline |
Alchera Lagged Returns
When evaluating Alchera's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alchera stock have on its future price. Alchera 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, Alchera autocorrelation shows the relationship between Alchera stock current value and its past values and can show if there is a momentum factor associated with investing in Alchera.
Regressed Prices |
| Timeline |
Pair Trading with Alchera
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 Alchera 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 Alchera will appreciate offsetting losses from the drop in the long position's value.Moving together with Alchera Stock
Moving against Alchera Stock
| 0.65 | 402030 | Konan Technology | PairCorr |
| 0.65 | 158430 | ATON Inc | PairCorr |
| 0.65 | 105560 | KB Financial Group | PairCorr |
The ability to find closely correlated positions to Alchera could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alchera 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 Alchera - 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 Alchera to buy it.
The correlation of Alchera 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 Alchera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alchera 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 Alchera 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 Alchera Stock
Alchera financial ratios help investors to determine whether Alchera 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 Alchera with respect to the benefits of owning Alchera security.