Kia Corp (Korea) Market Value
| 000270 Stock | 94,100 900.00 0.97% |
| Symbol | Kia |
Kia Corp '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 Kia Corp'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 Kia Corp.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Kia Corp on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Kia Corp or generate 0.0% return on investment in Kia Corp over 30 days. Kia Corp is related to or competes with Nice Information, LG Display, Nable Communications, Lotte Data, Handok Clean, NewFlex Technology, and Puloon Technology. More
Kia Corp 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 Kia Corp'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 Kia Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.16 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.94 |
Kia Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kia Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kia Corp's standard deviation. In reality, there are many statistical measures that can use Kia Corp historical prices to predict the future Kia Corp's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 5.71 |
Kia Corp Backtested Returns
At this point, Kia Corp is very steady. Kia Corp has Sharpe Ratio of 0.0211, which conveys that the firm had a 0.0211 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Kia Corp, which you can use to evaluate the volatility of the firm. Please verify Kia Corp's Standard Deviation of 1.98, insignificant risk adjusted performance, and Mean Deviation of 1.43 to check out if the risk estimate we provide is consistent with the expected return of 0.0425%. Kia Corp has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0056, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kia Corp are expected to decrease at a much lower rate. During the bear market, Kia Corp is likely to outperform the market. Kia Corp right now secures a risk of 2.02%. Please verify Kia Corp market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Kia Corp will be following its current price movements.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Kia Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kia Corp time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kia Corp price movement. The serial correlation of -0.78 indicates that around 78.0% of current Kia Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 929.1 K |
Kia Corp lagged returns against current returns
Autocorrelation, which is Kia Corp 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 Kia Corp's stock expected returns. We can calculate the autocorrelation of Kia Corp returns to help us make a trade decision. For example, suppose you find that Kia Corp 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 |
Kia Corp 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 Kia Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kia Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kia Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Kia Corp Lagged Returns
When evaluating Kia Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kia Corp stock have on its future price. Kia Corp 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, Kia Corp autocorrelation shows the relationship between Kia Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Kia Corp.
Regressed Prices |
| Timeline |
Pair Trading with Kia Corp
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 Kia Corp 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 Kia Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Kia Stock
The ability to find closely correlated positions to Kia Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kia Corp 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 Kia Corp - 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 Kia Corp to buy it.
The correlation of Kia Corp 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 Kia Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kia Corp 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 Kia Corp 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 Kia Stock
Kia Corp financial ratios help investors to determine whether Kia 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 Kia with respect to the benefits of owning Kia Corp security.