East Asia (Korea) Market Value
| 900110 Stock | KRW 63.00 1.00 1.56% |
| Symbol | East |
East Asia '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 East Asia'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 East Asia.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in East Asia on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding East Asia Holdings or generate 0.0% return on investment in East Asia over 30 days. East Asia is related to or competes with IC Technology, Clean Science, Nh Investment, DB Financial, Global Standard, Dongil Technology, and Sangsangin Investment. East Asia Holdings Investment Limited, through its subsidiaries, engages in the sports and casual fashion, and health ca... More
East Asia 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 East Asia'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 East Asia Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.5 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.99 |
East Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for East Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as East Asia's standard deviation. In reality, there are many statistical measures that can use East Asia historical prices to predict the future East Asia's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (2.92) |
East Asia Holdings Backtested Returns
East Asia Holdings secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. East Asia Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm East Asia's Variance of 4.72, standard deviation of 2.17, and Mean Deviation of 1.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0646, which means not very significant fluctuations relative to the market. As returns on the market increase, East Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding East Asia is expected to be smaller as well. At this point, East Asia Holdings has a negative expected return of -0.27%. Please make sure to confirm East Asia's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if East Asia Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
East Asia Holdings has poor predictability. Overlapping area represents the amount of predictability between East Asia time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 East Asia Holdings price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current East Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
East Asia Holdings lagged returns against current returns
Autocorrelation, which is East Asia 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 East Asia's stock expected returns. We can calculate the autocorrelation of East Asia returns to help us make a trade decision. For example, suppose you find that East Asia 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 |
East Asia 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 East Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if East Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in East Asia stock over time.
Current vs Lagged Prices |
| Timeline |
East Asia Lagged Returns
When evaluating East Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of East Asia stock have on its future price. East Asia 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, East Asia autocorrelation shows the relationship between East Asia stock current value and its past values and can show if there is a momentum factor associated with investing in East Asia Holdings.
Regressed Prices |
| Timeline |
Pair Trading with East Asia
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 East Asia 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 East Asia will appreciate offsetting losses from the drop in the long position's value.Moving together with East Stock
Moving against East Stock
The ability to find closely correlated positions to East Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace East Asia 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 East Asia - 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 East Asia Holdings to buy it.
The correlation of East Asia 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 East Asia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if East Asia Holdings 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 East Asia 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 East Stock
East Asia financial ratios help investors to determine whether East 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 East with respect to the benefits of owning East Asia security.