Keyang Electric (Korea) Market Value
| 012205 Stock | 3,560 130.00 3.52% |
| Symbol | Keyang |
Keyang Electric '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 Keyang Electric'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 Keyang Electric.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Keyang Electric on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Keyang Electric Machinery or generate 0.0% return on investment in Keyang Electric over 360 days. Keyang Electric is related to or competes with Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. More
Keyang Electric 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 Keyang Electric'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 Keyang Electric Machinery upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.48 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 2.84 |
Keyang Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keyang Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keyang Electric's standard deviation. In reality, there are many statistical measures that can use Keyang Electric historical prices to predict the future Keyang Electric's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.95) |
Keyang Electric Machinery Backtested Returns
Keyang Electric Machinery has Sharpe Ratio of -0.0948, which conveys that the firm had a -0.0948% return per unit of risk over the last 3 months. Keyang Electric exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Keyang Electric's Standard Deviation of 1.82, mean deviation of 1.39, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Keyang Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Keyang Electric is expected to be smaller as well. At this point, Keyang Electric Machinery has a negative expected return of -0.18%. Please make sure to verify Keyang Electric's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Keyang Electric Machinery performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
Keyang Electric Machinery has poor reverse predictability. Overlapping area represents the amount of predictability between Keyang Electric time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Keyang Electric Machinery price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Keyang Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 74.9 K |
Keyang Electric Machinery lagged returns against current returns
Autocorrelation, which is Keyang Electric 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 Keyang Electric's stock expected returns. We can calculate the autocorrelation of Keyang Electric returns to help us make a trade decision. For example, suppose you find that Keyang Electric 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 |
Keyang Electric 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 Keyang Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keyang Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keyang Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Keyang Electric Lagged Returns
When evaluating Keyang Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keyang Electric stock have on its future price. Keyang Electric 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, Keyang Electric autocorrelation shows the relationship between Keyang Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Keyang Electric Machinery.
Regressed Prices |
| Timeline |
Pair Trading with Keyang Electric
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 Keyang Electric 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 Keyang Electric will appreciate offsetting losses from the drop in the long position's value.Moving against Keyang Stock
The ability to find closely correlated positions to Keyang Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keyang Electric 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 Keyang Electric - 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 Keyang Electric Machinery to buy it.
The correlation of Keyang Electric 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 Keyang Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keyang Electric Machinery 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 Keyang Electric 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 Keyang Stock
Keyang Electric financial ratios help investors to determine whether Keyang 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 Keyang with respect to the benefits of owning Keyang Electric security.