Korea Petro (Korea) Market Value
| 006650 Stock | 98,900 700.00 0.71% |
| Symbol | Korea |
Korea Petro '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 Korea Petro'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 Korea Petro.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Korea Petro on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Korea Petro Chemical or generate 0.0% return on investment in Korea Petro over 90 days. Korea Petro is related to or competes with InnoTherapy, CKH Food, Mgame Corp, Sangshin Electronics, Infinitt Healthcare, Daeduck Electronics, and Sungmoon Electronics. More
Korea Petro 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 Korea Petro'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 Korea Petro Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.1436 | |||
| Maximum Drawdown | 21.47 | |||
| Value At Risk | (5.24) | |||
| Potential Upside | 6.85 |
Korea Petro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Petro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Petro's standard deviation. In reality, there are many statistical measures that can use Korea Petro historical prices to predict the future Korea Petro's volatility.| Risk Adjusted Performance | 0.1097 | |||
| Jensen Alpha | 0.5418 | |||
| Total Risk Alpha | 0.8993 | |||
| Sortino Ratio | 0.1939 | |||
| Treynor Ratio | 0.4174 |
Korea Petro Chemical Backtested Returns
Korea Petro appears to be very steady, given 3 months investment horizon. Korea Petro Chemical has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Korea Petro, which you can use to evaluate the volatility of the firm. Please exercise Korea Petro's Downside Deviation of 2.78, risk adjusted performance of 0.1097, and Mean Deviation of 2.7 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Korea Petro holds a performance score of 10. The company secures a Beta (Market Risk) of 1.03, which conveys a somewhat significant risk relative to the market. Korea Petro returns are very sensitive to returns on the market. As the market goes up or down, Korea Petro is expected to follow. Please check Korea Petro's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Korea Petro's current price movements will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Korea Petro Chemical has insignificant predictability. Overlapping area represents the amount of predictability between Korea Petro time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Korea Petro Chemical price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Korea Petro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 34 M |
Korea Petro Chemical lagged returns against current returns
Autocorrelation, which is Korea Petro 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 Korea Petro's stock expected returns. We can calculate the autocorrelation of Korea Petro returns to help us make a trade decision. For example, suppose you find that Korea Petro 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 |
Korea Petro 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 Korea Petro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Petro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Petro stock over time.
Current vs Lagged Prices |
| Timeline |
Korea Petro Lagged Returns
When evaluating Korea Petro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Petro stock have on its future price. Korea Petro 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, Korea Petro autocorrelation shows the relationship between Korea Petro stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Petro Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Korea Petro
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 Korea Petro 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 Korea Petro will appreciate offsetting losses from the drop in the long position's value.Moving together with Korea Stock
Moving against Korea Stock
| 0.57 | 051910 | LG Chemicals | PairCorr |
| 0.5 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.41 | 086520 | Ecopro Split | PairCorr |
| 0.38 | 045340 | Total Soft Bank | PairCorr |
| 0.37 | 336260 | Doosan Fuel Cell | PairCorr |
The ability to find closely correlated positions to Korea Petro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Petro 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 Korea Petro - 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 Korea Petro Chemical to buy it.
The correlation of Korea Petro 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 Korea Petro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Petro Chemical 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 Korea Petro 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 Korea Stock
Korea Petro financial ratios help investors to determine whether Korea 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 Korea with respect to the benefits of owning Korea Petro security.