Korea Zinc (Korea) Market Value
| 010130 Stock | 913,000 42,000 4.40% |
| Symbol | Korea |
Korea Zinc '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 Zinc'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 Zinc.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Korea Zinc on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Korea Zinc or generate 0.0% return on investment in Korea Zinc over 90 days. Korea Zinc is related to or competes with Union Materials, RF Materials, Hyundai Engineering, Lotte Chilsung, Guyoung Technology, and Adaptive Plasma. More
Korea Zinc 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 Zinc'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 Zinc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0116 | |||
| Maximum Drawdown | 22.84 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 3.82 |
Korea Zinc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Zinc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Zinc's standard deviation. In reality, there are many statistical measures that can use Korea Zinc historical prices to predict the future Korea Zinc's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | 0.433 | |||
| Treynor Ratio | 0.072 |
Korea Zinc Backtested Returns
Korea Zinc has Sharpe Ratio of -0.0143, which conveys that the firm had a -0.0143 % return per unit of risk over the last 3 months. Korea Zinc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Korea Zinc's insignificant Risk Adjusted Performance, standard deviation of 3.96, and Mean Deviation of 2.13 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.88, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Korea Zinc are expected to decrease slowly. On the other hand, during market turmoil, Korea Zinc is expected to outperform it slightly. At this point, Korea Zinc has a negative expected return of -0.0606%. Please make sure to verify Korea Zinc's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Korea Zinc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Korea Zinc has virtually no predictability. Overlapping area represents the amount of predictability between Korea Zinc time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Zinc price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Korea Zinc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.7 B |
Korea Zinc lagged returns against current returns
Autocorrelation, which is Korea Zinc 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 Zinc's stock expected returns. We can calculate the autocorrelation of Korea Zinc returns to help us make a trade decision. For example, suppose you find that Korea Zinc 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 Zinc 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 Zinc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Zinc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Zinc stock over time.
Current vs Lagged Prices |
| Timeline |
Korea Zinc Lagged Returns
When evaluating Korea Zinc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Zinc stock have on its future price. Korea Zinc 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 Zinc autocorrelation shows the relationship between Korea Zinc stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Zinc.
Regressed Prices |
| Timeline |
Pair Trading with Korea Zinc
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 Zinc 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 Zinc will appreciate offsetting losses from the drop in the long position's value.Moving together with Korea Stock
Moving against Korea Stock
| 0.84 | 009830 | Hanwha Solutions | PairCorr |
| 0.79 | 106240 | Finetechnix CoLtd | PairCorr |
| 0.74 | 006650 | Korea Petro Chemical | PairCorr |
| 0.69 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.68 | 058470 | LEENO Industrial Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Korea Zinc 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 Zinc 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 Zinc - 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 Zinc to buy it.
The correlation of Korea Zinc 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 Zinc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Zinc 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 Zinc 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 Zinc 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 Zinc security.