WooDeumGee Farm (Korea) Market Value
| 403490 Stock | 1,750 42.00 2.34% |
| Symbol | WooDeumGee |
WooDeumGee Farm '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 WooDeumGee Farm'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 WooDeumGee Farm.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in WooDeumGee Farm on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding WooDeumGee Farm Co, or generate 0.0% return on investment in WooDeumGee Farm over 30 days.
WooDeumGee Farm 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 WooDeumGee Farm'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 WooDeumGee Farm Co, upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 15.97 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.02 |
WooDeumGee Farm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WooDeumGee Farm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WooDeumGee Farm's standard deviation. In reality, there are many statistical measures that can use WooDeumGee Farm historical prices to predict the future WooDeumGee Farm's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (8.23) |
WooDeumGee Farm Co, Backtested Returns
WooDeumGee Farm Co, shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of risk over the last 3 months. WooDeumGee Farm Co, exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WooDeumGee Farm's Mean Deviation of 1.26, market risk adjusted performance of (8.22), and Standard Deviation of 1.98 to validate the risk estimate we provide. The firm maintains a market beta of 0.0223, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WooDeumGee Farm's returns are expected to increase less than the market. However, during the bear market, the loss of holding WooDeumGee Farm is expected to be smaller as well. At this point, WooDeumGee Farm Co, has a negative expected return of -0.3%. Please make sure to check out WooDeumGee Farm's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if WooDeumGee Farm Co, performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
WooDeumGee Farm Co, has good predictability. Overlapping area represents the amount of predictability between WooDeumGee Farm time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 WooDeumGee Farm Co, price movement. The serial correlation of 0.75 indicates that around 75.0% of current WooDeumGee Farm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 336.41 |
WooDeumGee Farm Co, lagged returns against current returns
Autocorrelation, which is WooDeumGee Farm 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 WooDeumGee Farm's stock expected returns. We can calculate the autocorrelation of WooDeumGee Farm returns to help us make a trade decision. For example, suppose you find that WooDeumGee Farm 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 |
WooDeumGee Farm 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 WooDeumGee Farm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WooDeumGee Farm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WooDeumGee Farm stock over time.
Current vs Lagged Prices |
| Timeline |
WooDeumGee Farm Lagged Returns
When evaluating WooDeumGee Farm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WooDeumGee Farm stock have on its future price. WooDeumGee Farm 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, WooDeumGee Farm autocorrelation shows the relationship between WooDeumGee Farm stock current value and its past values and can show if there is a momentum factor associated with investing in WooDeumGee Farm Co,.
Regressed Prices |
| Timeline |
Pair Trading with WooDeumGee Farm
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 WooDeumGee Farm 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 WooDeumGee Farm will appreciate offsetting losses from the drop in the long position's value.Moving together with WooDeumGee Stock
The ability to find closely correlated positions to WooDeumGee Farm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WooDeumGee Farm 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 WooDeumGee Farm - 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 WooDeumGee Farm Co, to buy it.
The correlation of WooDeumGee Farm 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 WooDeumGee Farm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WooDeumGee Farm Co, 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 WooDeumGee Farm 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.