Aprogen KIC (Korea) Market Value
| 007460 Stock | 816.00 26.00 3.09% |
| Symbol | Aprogen |
Aprogen KIC '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 Aprogen KIC'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 Aprogen KIC.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Aprogen KIC on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Aprogen KIC or generate 0.0% return on investment in Aprogen KIC over 720 days. Aprogen KIC is related to or competes with Korea New, Busan Industrial, Sam Chun, Humax, Finebesteel, Shinhan Inverse, and Fine Besteel. More
Aprogen KIC 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 Aprogen KIC'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 Aprogen KIC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 25.68 | |||
| Value At Risk | (6.97) | |||
| Potential Upside | 5.89 |
Aprogen KIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aprogen KIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aprogen KIC's standard deviation. In reality, there are many statistical measures that can use Aprogen KIC historical prices to predict the future Aprogen KIC's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (1.05) |
Aprogen KIC Backtested Returns
Aprogen KIC secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Aprogen KIC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aprogen KIC's Standard Deviation of 4.45, risk adjusted performance of (0.12), and Mean Deviation of 3.19 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aprogen KIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aprogen KIC is expected to be smaller as well. At this point, Aprogen KIC has a negative expected return of -0.54%. Please make sure to confirm Aprogen KIC's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Aprogen KIC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Aprogen KIC has very weak predictability. Overlapping area represents the amount of predictability between Aprogen KIC time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Aprogen KIC price movement. The serial correlation of 0.19 indicates that over 19.0% of current Aprogen KIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 76.4 K |
Aprogen KIC lagged returns against current returns
Autocorrelation, which is Aprogen KIC 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 Aprogen KIC's stock expected returns. We can calculate the autocorrelation of Aprogen KIC returns to help us make a trade decision. For example, suppose you find that Aprogen KIC 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 |
Aprogen KIC 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 Aprogen KIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aprogen KIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aprogen KIC stock over time.
Current vs Lagged Prices |
| Timeline |
Aprogen KIC Lagged Returns
When evaluating Aprogen KIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aprogen KIC stock have on its future price. Aprogen KIC 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, Aprogen KIC autocorrelation shows the relationship between Aprogen KIC stock current value and its past values and can show if there is a momentum factor associated with investing in Aprogen KIC.
Regressed Prices |
| Timeline |
Pair Trading with Aprogen KIC
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 Aprogen KIC 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 Aprogen KIC will appreciate offsetting losses from the drop in the long position's value.Moving together with Aprogen Stock
Moving against Aprogen Stock
The ability to find closely correlated positions to Aprogen KIC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aprogen KIC 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 Aprogen KIC - 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 Aprogen KIC to buy it.
The correlation of Aprogen KIC 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 Aprogen KIC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aprogen KIC 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 Aprogen KIC 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 Aprogen Stock
Aprogen KIC financial ratios help investors to determine whether Aprogen 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 Aprogen with respect to the benefits of owning Aprogen KIC security.