Asiana Airlines (Korea) Market Value
| 020560 Stock | 10,440 80.00 0.77% |
| Symbol | Asiana |
Asiana Airlines '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 Asiana Airlines' 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 Asiana Airlines.
| 01/19/2025 |
| 02/18/2025 |
If you would invest 0.00 in Asiana Airlines on January 19, 2025 and sell it all today you would earn a total of 0.00 from holding Asiana Airlines or generate 0.0% return on investment in Asiana Airlines over 30 days. Asiana Airlines is related to or competes with PJ Electronics, Wave Electronics, Sungdo Engineering, UJU Electronics, LG Chemicals, KEPCO Engineering, and Dongwoo Farm. More
Asiana Airlines 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 Asiana Airlines' 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 Asiana Airlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0399 | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.58 |
Asiana Airlines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asiana Airlines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asiana Airlines' standard deviation. In reality, there are many statistical measures that can use Asiana Airlines historical prices to predict the future Asiana Airlines' volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.0811 | |||
| Total Risk Alpha | 0.078 | |||
| Sortino Ratio | 0.04 | |||
| Treynor Ratio | 0.8447 |
Asiana Airlines Backtested Returns
At this point, Asiana Airlines is very steady. Asiana Airlines secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found thirty technical indicators for Asiana Airlines, which you can use to evaluate the volatility of the firm. Please confirm Asiana Airlines' Risk Adjusted Performance of 0.0387, mean deviation of 1.4, and Downside Deviation of 2.0 to double-check if the risk estimate we provide is consistent with the expected return of 0.0171%. The firm shows a Beta (market volatility) of 0.0961, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asiana Airlines' returns are expected to increase less than the market. However, during the bear market, the loss of holding Asiana Airlines is expected to be smaller as well. Asiana Airlines right now shows a risk of 1.86%. Please confirm Asiana Airlines market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Asiana Airlines will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Asiana Airlines has insignificant predictability. Overlapping area represents the amount of predictability between Asiana Airlines time series from 19th of January 2025 to 3rd of February 2025 and 3rd of February 2025 to 18th of February 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 Asiana Airlines price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Asiana Airlines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 14 K |
Asiana Airlines lagged returns against current returns
Autocorrelation, which is Asiana Airlines 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 Asiana Airlines' stock expected returns. We can calculate the autocorrelation of Asiana Airlines returns to help us make a trade decision. For example, suppose you find that Asiana Airlines 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 |
Asiana Airlines 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 Asiana Airlines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asiana Airlines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asiana Airlines stock over time.
Current vs Lagged Prices |
| Timeline |
Asiana Airlines Lagged Returns
When evaluating Asiana Airlines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asiana Airlines stock have on its future price. Asiana Airlines 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, Asiana Airlines autocorrelation shows the relationship between Asiana Airlines stock current value and its past values and can show if there is a momentum factor associated with investing in Asiana Airlines.
Regressed Prices |
| Timeline |
Pair Trading with Asiana Airlines
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 Asiana Airlines 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 Asiana Airlines will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Asiana Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asiana Airlines 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 Asiana Airlines - 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 Asiana Airlines to buy it.
The correlation of Asiana Airlines 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 Asiana Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asiana Airlines 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 Asiana Airlines 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 Asiana Stock
Asiana Airlines financial ratios help investors to determine whether Asiana 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 Asiana with respect to the benefits of owning Asiana Airlines security.