KBSTAR TDF2050 (Korea) Market Value
| 442570 Etf | 13,470 70.00 0.52% |
| Symbol | KBSTAR |
KBSTAR TDF2050 '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 KBSTAR TDF2050's etf 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 KBSTAR TDF2050.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in KBSTAR TDF2050 on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding KBSTAR TDF2050 Active or generate 0.0% return on investment in KBSTAR TDF2050 over 720 days.
KBSTAR TDF2050 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 KBSTAR TDF2050's etf 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 KBSTAR TDF2050 Active upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6804 | |||
| Information Ratio | 0.0058 | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 1.0 |
KBSTAR TDF2050 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KBSTAR TDF2050's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KBSTAR TDF2050's standard deviation. In reality, there are many statistical measures that can use KBSTAR TDF2050 historical prices to predict the future KBSTAR TDF2050's volatility.| Risk Adjusted Performance | 0.1386 | |||
| Jensen Alpha | 0.0899 | |||
| Total Risk Alpha | 0.013 | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | 0.476 |
KBSTAR TDF2050 Active Backtested Returns
At this point, KBSTAR TDF2050 is very steady. KBSTAR TDF2050 Active has Sharpe Ratio of 0.27, which conveys that the etf had a 0.27% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for KBSTAR TDF2050, which you can use to evaluate the volatility of the entity. Please verify KBSTAR TDF2050's Market Risk Adjusted Performance of 0.486, downside deviation of 0.6804, and Mean Deviation of 0.4784 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The entity secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KBSTAR TDF2050's returns are expected to increase less than the market. However, during the bear market, the loss of holding KBSTAR TDF2050 is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
KBSTAR TDF2050 Active has good predictability. Overlapping area represents the amount of predictability between KBSTAR TDF2050 time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 KBSTAR TDF2050 Active price movement. The serial correlation of 0.79 indicates that around 79.0% of current KBSTAR TDF2050 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 366.7 K |
KBSTAR TDF2050 Active lagged returns against current returns
Autocorrelation, which is KBSTAR TDF2050 etf'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 KBSTAR TDF2050's etf expected returns. We can calculate the autocorrelation of KBSTAR TDF2050 returns to help us make a trade decision. For example, suppose you find that KBSTAR TDF2050 has exhibited high autocorrelation historically, and you observe that the etf 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 |
KBSTAR TDF2050 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 KBSTAR TDF2050 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KBSTAR TDF2050 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KBSTAR TDF2050 etf over time.
Current vs Lagged Prices |
| Timeline |
KBSTAR TDF2050 Lagged Returns
When evaluating KBSTAR TDF2050's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KBSTAR TDF2050 etf have on its future price. KBSTAR TDF2050 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, KBSTAR TDF2050 autocorrelation shows the relationship between KBSTAR TDF2050 etf current value and its past values and can show if there is a momentum factor associated with investing in KBSTAR TDF2050 Active.
Regressed Prices |
| Timeline |
Pair Trading with KBSTAR TDF2050
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 KBSTAR TDF2050 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 KBSTAR TDF2050 will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KBSTAR TDF2050 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KBSTAR TDF2050 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 KBSTAR TDF2050 - 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 KBSTAR TDF2050 Active to buy it.
The correlation of KBSTAR TDF2050 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 KBSTAR TDF2050 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KBSTAR TDF2050 Active 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 KBSTAR TDF2050 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.