Leaders Technology (Korea) Market Value
| 019570 Stock | KRW 288.00 5.00 1.71% |
| Symbol | Leaders |
Leaders Technology '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 Leaders Technology'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 Leaders Technology.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in Leaders Technology on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding Leaders Technology Investment or generate 0.0% return on investment in Leaders Technology over 180 days. Leaders Technology is related to or competes with KB Financial, Shinhan Financial, Hyundai, Hyundai, Hyundai, Woori Financial, and SK Holdings. ,Ltd, formerly known as Gemini Investment Corporation, is a private equity and venture capital firm specializing in buyo... More
Leaders Technology 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 Leaders Technology'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 Leaders Technology Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 39.48 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.27 |
Leaders Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leaders Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leaders Technology's standard deviation. In reality, there are many statistical measures that can use Leaders Technology historical prices to predict the future Leaders Technology's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.99) | |||
| Total Risk Alpha | (1.26) | |||
| Treynor Ratio | 0.9408 |
Leaders Technology Backtested Returns
Leaders Technology has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Leaders Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leaders Technology's Standard Deviation of 5.3, mean deviation of 3.3, and Risk Adjusted Performance of (0.15) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.09, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Leaders Technology are expected to decrease slowly. On the other hand, during market turmoil, Leaders Technology is expected to outperform it slightly. At this point, Leaders Technology has a negative expected return of -0.66%. Please make sure to verify Leaders Technology's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Leaders Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Leaders Technology Investment has insignificant reverse predictability. Overlapping area represents the amount of predictability between Leaders Technology time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 Leaders Technology price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Leaders Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2595.22 |
Leaders Technology lagged returns against current returns
Autocorrelation, which is Leaders Technology 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 Leaders Technology's stock expected returns. We can calculate the autocorrelation of Leaders Technology returns to help us make a trade decision. For example, suppose you find that Leaders Technology 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 |
Leaders Technology 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 Leaders Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leaders Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leaders Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Leaders Technology Lagged Returns
When evaluating Leaders Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leaders Technology stock have on its future price. Leaders Technology 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, Leaders Technology autocorrelation shows the relationship between Leaders Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Leaders Technology Investment.
Regressed Prices |
| Timeline |
Pair Trading with Leaders Technology
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 Leaders Technology 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 Leaders Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Leaders Stock
| 0.86 | 122870 | YG Entertainment | PairCorr |
| 0.83 | 041510 | SM Entertainment | PairCorr |
| 0.77 | 035900 | JYP Entertainment | PairCorr |
| 0.77 | 035420 | Naver | PairCorr |
| 0.65 | 071055 | Korea Investment Holdings | PairCorr |
The ability to find closely correlated positions to Leaders Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leaders Technology 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 Leaders Technology - 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 Leaders Technology Investment to buy it.
The correlation of Leaders Technology 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 Leaders Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leaders Technology 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 Leaders Technology 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 Leaders Stock
Leaders Technology financial ratios help investors to determine whether Leaders 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 Leaders with respect to the benefits of owning Leaders Technology security.