MohenzCoLtd (Korea) Market Value
| 006920 Stock | KRW 3,070 110.00 3.46% |
| Symbol | MohenzCoLtd |
MohenzCoLtd '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 MohenzCoLtd'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 MohenzCoLtd.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in MohenzCoLtd on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding MohenzCoLtd or generate 0.0% return on investment in MohenzCoLtd over 30 days. MohenzCoLtd is related to or competes with Woori Technology, Korea Investment, Aju IB, Hanwha InvestmentSecuri, LG Household, SV Investment, and Samsung Publishing. ,Ltd. is engaged in the manufacture and sale of ready mixed concretes in South Korea More
MohenzCoLtd 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 MohenzCoLtd'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 MohenzCoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.1887 | |||
| Maximum Drawdown | 16.43 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 7.29 |
MohenzCoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MohenzCoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MohenzCoLtd's standard deviation. In reality, there are many statistical measures that can use MohenzCoLtd historical prices to predict the future MohenzCoLtd's volatility.| Risk Adjusted Performance | 0.1319 | |||
| Jensen Alpha | 0.4541 | |||
| Total Risk Alpha | 0.8005 | |||
| Sortino Ratio | 0.2617 | |||
| Treynor Ratio | (3.94) |
MohenzCoLtd Backtested Returns
At this point, MohenzCoLtd is very steady. MohenzCoLtd has Sharpe Ratio of 0.0716, which conveys that the firm had a 0.0716 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MohenzCoLtd, which you can use to evaluate the volatility of the firm. Please verify MohenzCoLtd's Mean Deviation of 1.94, downside deviation of 2.11, and Risk Adjusted Performance of 0.1319 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. MohenzCoLtd has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MohenzCoLtd are expected to decrease at a much lower rate. During the bear market, MohenzCoLtd is likely to outperform the market. MohenzCoLtd right now secures a risk of 2.51%. Please verify MohenzCoLtd semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if MohenzCoLtd will be following its current price movements.
Auto-correlation | 0.54 |
Modest predictability
MohenzCoLtd has modest predictability. Overlapping area represents the amount of predictability between MohenzCoLtd time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th 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 MohenzCoLtd price movement. The serial correlation of 0.54 indicates that about 54.0% of current MohenzCoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 4688.02 |
MohenzCoLtd lagged returns against current returns
Autocorrelation, which is MohenzCoLtd 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 MohenzCoLtd's stock expected returns. We can calculate the autocorrelation of MohenzCoLtd returns to help us make a trade decision. For example, suppose you find that MohenzCoLtd 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 |
MohenzCoLtd 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 MohenzCoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MohenzCoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MohenzCoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
MohenzCoLtd Lagged Returns
When evaluating MohenzCoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MohenzCoLtd stock have on its future price. MohenzCoLtd 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, MohenzCoLtd autocorrelation shows the relationship between MohenzCoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in MohenzCoLtd.
Regressed Prices |
| Timeline |
Pair Trading with MohenzCoLtd
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 MohenzCoLtd 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 MohenzCoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against MohenzCoLtd Stock
The ability to find closely correlated positions to MohenzCoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MohenzCoLtd 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 MohenzCoLtd - 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 MohenzCoLtd to buy it.
The correlation of MohenzCoLtd 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 MohenzCoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MohenzCoLtd 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 MohenzCoLtd 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 MohenzCoLtd Stock
MohenzCoLtd financial ratios help investors to determine whether MohenzCoLtd 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 MohenzCoLtd with respect to the benefits of owning MohenzCoLtd security.