Korea Electric (Korea) Market Value
| 015760 Stock | 22,250 100.00 0.45% |
| Symbol | Korea |
Korea 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 Korea 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 Korea Electric.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Korea Electric on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Korea Electric Power or generate 0.0% return on investment in Korea Electric over 90 days. Korea Electric is related to or competes with Lotte Data, Tuksu Engineering, Woorim Machinery, Sejong Telecom, Dongbang Ship, ECSTELECOM, and Nable Communications. More
Korea 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 Korea 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 Korea Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0169 | |||
| Maximum Drawdown | 12.65 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.47 |
Korea Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Electric's standard deviation. In reality, there are many statistical measures that can use Korea Electric historical prices to predict the future Korea Electric's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.1925 | |||
| Treynor Ratio | (0.25) |
Korea Electric Power Backtested Returns
At this point, Korea Electric is very steady. Korea Electric Power has Sharpe Ratio of 0.0601, which conveys that the firm had a 0.0601 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Korea Electric, which you can use to evaluate the volatility of the firm. Please verify Korea Electric's Mean Deviation of 1.35, risk adjusted performance of (0.02), and Standard Deviation of 2.12 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Korea Electric has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Korea Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Korea Electric is expected to be smaller as well. Korea Electric Power right now secures a risk of 1.88%. Please verify Korea Electric Power jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Korea Electric Power will be following its current price movements.
Auto-correlation | 0.26 |
Poor predictability
Korea Electric Power has poor predictability. Overlapping area represents the amount of predictability between Korea Electric 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 Electric Power price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Korea Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 715 K |
Korea Electric Power lagged returns against current returns
Autocorrelation, which is Korea 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 Korea Electric's stock expected returns. We can calculate the autocorrelation of Korea Electric returns to help us make a trade decision. For example, suppose you find that Korea 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 |
Korea 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 Korea Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Korea Electric Lagged Returns
When evaluating Korea Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Electric stock have on its future price. Korea 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, Korea Electric autocorrelation shows the relationship between Korea Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Electric Power.
Regressed Prices |
| Timeline |
Pair Trading with Korea 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 Korea 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 Korea Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with Korea Stock
Moving against Korea Stock
The ability to find closely correlated positions to Korea 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 Korea 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 Korea 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 Korea Electric Power to buy it.
The correlation of Korea 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 Korea Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Electric Power 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 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.Additional Information and Resources on Investing in Korea Stock
When determining whether Korea Electric Power is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Korea Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Korea Electric Power Stock. Highlighted below are key reports to facilitate an investment decision about Korea Electric Power Stock:Check out Korea Electric Correlation, Korea Electric Volatility and Korea Electric Alpha and Beta module to complement your research on Korea Electric. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Korea Electric technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.