National Plastic (Korea) Market Value
| 004255 Stock | 2,490 50.00 2.05% |
| Symbol | National |
National Plastic '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 National Plastic'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 National Plastic.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in National Plastic on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding National Plastic Co or generate 0.0% return on investment in National Plastic over 30 days. National Plastic is related to or competes with Busan Industrial, Sam Chun, Humax, Finebesteel, Shinhan Inverse, and Fine Besteel. More
National Plastic 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 National Plastic'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 National Plastic Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.81 |
National Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Plastic's standard deviation. In reality, there are many statistical measures that can use National Plastic historical prices to predict the future National Plastic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.35) |
National Plastic Backtested Returns
National Plastic has Sharpe Ratio of -0.0016, which conveys that the firm had a -0.0016% return per unit of risk over the last 3 months. National Plastic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify National Plastic's Standard Deviation of 1.3, risk adjusted performance of (0.03), and Mean Deviation of 0.9586 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, National Plastic's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Plastic is expected to be smaller as well. At this point, National Plastic has a negative expected return of -0.0021%. Please make sure to verify National Plastic's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if National Plastic performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
National Plastic Co has good reverse predictability. Overlapping area represents the amount of predictability between National Plastic time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 National Plastic price movement. The serial correlation of -0.53 indicates that about 53.0% of current National Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 2952.07 |
National Plastic lagged returns against current returns
Autocorrelation, which is National Plastic 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 National Plastic's stock expected returns. We can calculate the autocorrelation of National Plastic returns to help us make a trade decision. For example, suppose you find that National Plastic 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 |
National Plastic 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 National Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
National Plastic Lagged Returns
When evaluating National Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Plastic stock have on its future price. National Plastic 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, National Plastic autocorrelation shows the relationship between National Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in National Plastic Co.
Regressed Prices |
| Timeline |
Pair Trading with National Plastic
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 National Plastic 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 National Plastic will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to National Plastic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Plastic 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 National Plastic - 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 National Plastic Co to buy it.
The correlation of National Plastic 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 National Plastic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Plastic 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 National Plastic 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 National Stock
National Plastic financial ratios help investors to determine whether National 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 National with respect to the benefits of owning National Plastic security.