Korea Closed Fund Volatility
| KF Fund | USD 20.05 0.07 0.35% |
Korea Closed has Sharpe Ratio of -0.27, which conveys that the entity had a -0.27% return per unit of risk over the last 3 months. Korea Closed exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Korea Closed's Standard Deviation of 1.35, risk adjusted performance of (0.19), and Mean Deviation of 0.9749 to check out the risk estimate we provide. Key indicators related to Korea Closed's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Korea Closed Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Korea daily returns, and it is calculated using variance and standard deviation. We also use Korea's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Korea Closed volatility.
Korea |
Downward market volatility can be a perfect environment for investors who play the long game with Korea Closed. They may decide to buy additional shares of Korea Closed at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with Korea Fund
Moving against Korea Fund
| 0.86 | FEMDX | Franklin Emerging Market | PairCorr |
| 0.84 | CHY | Calamos Convertible And | PairCorr |
| 0.83 | CSQ | Calamos Strategic Total | PairCorr |
| 0.83 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.82 | CHI | Calamos Convertible | PairCorr |
| 0.76 | FEN | First Trust Energy | PairCorr |
| 0.76 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.72 | STFGX | State Farm Growth | PairCorr |
| 0.71 | SCRYX | Small Cap Core | PairCorr |
Korea Closed Market Sensitivity And Downside Risk
Korea Closed's beta coefficient measures the volatility of Korea fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Korea fund's returns against your selected market. In other words, Korea Closed's beta of 0.34 provides an investor with an approximation of how much risk Korea Closed fund can potentially add to one of your existing portfolios. Korea Closed exhibits very low volatility with skewness of 0.16 and kurtosis of 2.2. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Korea Closed's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Korea Closed's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Korea Closed Demand TrendCheck current 90 days Korea Closed correlation with market (Dow Jones Industrial)Korea Beta |
Korea standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 1.34 |
It is essential to understand the difference between upside risk (as represented by Korea Closed's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Korea Closed's daily returns or price. Since the actual investment returns on holding a position in korea fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Korea Closed.
Korea Closed Fund Volatility Analysis
Volatility refers to the frequency at which Korea Closed fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Korea Closed's price changes. Investors will then calculate the volatility of Korea Closed's fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Korea Closed's volatility:
Historical Volatility
This type of fund volatility measures Korea Closed's fluctuations based on previous trends. It's commonly used to predict Korea Closed's future behavior based on its past. However, it cannot conclusively determine the future direction of the fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Korea Closed's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Korea Closed's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Korea Closed Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Korea Closed Projected Return Density Against Market
Allowing for the 90-day total investment horizon Korea Closed has a beta of 0.3414 . This indicates as returns on the market go up, Korea Closed average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Korea Closed will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Korea Closed or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Korea Closed's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Korea fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Korea Closed has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a Korea Closed Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Korea Closed Fund Risk Measures
Allowing for the 90-day total investment horizon the coefficient of variation of Korea Closed is -372.11. The daily returns are distributed with a variance of 1.79 and standard deviation of 1.34. The mean deviation of Korea Closed is currently at 0.96. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.39 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 1.34 | |
Ir | Information ratio | -0.34 |
Korea Closed Fund Return Volatility
Korea Closed historical daily return volatility represents how much of Korea Closed fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The mutual fund accepts 1.3375% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7608% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Korea Closed Volatility
Volatility is a rate at which the price of Korea Closed or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Korea Closed may increase or decrease. In other words, similar to Korea's beta indicator, it measures the risk of Korea Closed and helps estimate the fluctuations that may happen in a short period of time. So if prices of Korea Closed fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.The Korea Fund, Inc. is a closed-ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity markets of Korea. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies. It employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as price-to-earnings ratios, dividend yields, and earnings-per-share growth to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Korea 2550 Index. It uses Grassroots Research to make its investments. The Korea Fund, Inc. was formed on August 29, 1984 and is domiciled in the United States.
Korea Closed's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Korea Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Korea Closed's price varies over time.
3 ways to utilize Korea Closed's volatility to invest better
Higher Korea Closed's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Korea Closed fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Korea Closed fund volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Korea Closed investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Korea Closed's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Korea Closed's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Korea Closed Investment Opportunity
Korea Closed has a volatility of 1.34 and is 1.76 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Korea Closed is lower than 11 percent of all global equities and portfolios over the last 90 days. You can use Korea Closed to enhance the returns of your portfolios. The fund experiences a normal upward fluctuation. Check odds of Korea Closed to be traded at $21.05 in 90 days.Average diversification
The correlation between Korea Closed and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korea Closed and DJI in the same portfolio, assuming nothing else is changed.
Korea Closed Additional Risk Indicators
The analysis of Korea Closed's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Korea Closed's investment and either accepting that risk or mitigating it. Along with some common measures of Korea Closed fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.19) | |||
| Market Risk Adjusted Performance | (1.04) | |||
| Mean Deviation | 0.9749 | |||
| Coefficient Of Variation | (385.95) | |||
| Standard Deviation | 1.35 | |||
| Variance | 1.81 | |||
| Information Ratio | (0.34) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Korea Closed Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Korea Closed as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Korea Closed's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Korea Closed's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Korea Closed.
Other Information on Investing in Korea Fund
Korea Closed financial ratios help investors to determine whether Korea Fund 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 Korea with respect to the benefits of owning Korea Closed security.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Transaction History View history of all your transactions and understand their impact on performance |