PLAYWITH (Korea) Market Value

023770 Stock  KRW 3,955  20.00  0.51%   
PLAYWITH's market value is the price at which a share of PLAYWITH trades on a public exchange. It measures the collective expectations of PLAYWITH investors about its performance. PLAYWITH is trading at 3955.00 as of the 2nd of March 2025, a 0.51 percent increase since the beginning of the trading day. The stock's open price was 3935.0.
With this module, you can estimate the performance of a buy and hold strategy of PLAYWITH and determine expected loss or profit from investing in PLAYWITH over a given investment horizon. Check out PLAYWITH Correlation, PLAYWITH Volatility and PLAYWITH Alpha and Beta module to complement your research on PLAYWITH.
Symbol

Please note, there is a significant difference between PLAYWITH's value and its price as these two are different measures arrived at by different means. Investors typically determine if PLAYWITH is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PLAYWITH's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

PLAYWITH '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 PLAYWITH'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 PLAYWITH.
0.00
03/13/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/02/2025
0.00
If you would invest  0.00  in PLAYWITH on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding PLAYWITH or generate 0.0% return on investment in PLAYWITH over 720 days. PLAYWITH is related to or competes with Hanwha Life, Korean Reinsurance, Homecast CoLtd, Samsung Life, Koryo Credit, LG Household, and Korean Air. PLAYWITH Inc. develops and publishes PC online and mobile games in Korea and internationally More

PLAYWITH 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 PLAYWITH'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 PLAYWITH upside and downside potential and time the market with a certain degree of confidence.

PLAYWITH Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PLAYWITH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PLAYWITH's standard deviation. In reality, there are many statistical measures that can use PLAYWITH historical prices to predict the future PLAYWITH's volatility.
Hype
Prediction
LowEstimatedHigh
3,9533,9553,957
Details
Intrinsic
Valuation
LowRealHigh
3,1733,1754,350
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PLAYWITH. Your research has to be compared to or analyzed against PLAYWITH's peers to derive any actionable benefits. When done correctly, PLAYWITH's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PLAYWITH.

PLAYWITH Backtested Returns

At this point, PLAYWITH is very steady. PLAYWITH retains Efficiency (Sharpe Ratio) of 0.0551, which implies the firm had a 0.0551 % return per unit of risk over the last 3 months. We have found thirty technical indicators for PLAYWITH, which you can use to evaluate the volatility of the company. Please check PLAYWITH's market risk adjusted performance of (0.27), and Semi Deviation of 1.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. PLAYWITH has a performance score of 4 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.73, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PLAYWITH are expected to decrease at a much lower rate. During the bear market, PLAYWITH is likely to outperform the market. PLAYWITH now owns a risk of 2.31%. Please check PLAYWITH market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if PLAYWITH will be following its current price history.

Auto-correlation

    
  0.11  

Insignificant predictability

PLAYWITH has insignificant predictability. Overlapping area represents the amount of predictability between PLAYWITH time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 PLAYWITH price movement. The serial correlation of 0.11 indicates that less than 11.0% of current PLAYWITH price fluctuation can be explain by its past prices.
Correlation Coefficient0.11
Spearman Rank Test0.34
Residual Average0.0
Price Variance2.1 M

PLAYWITH lagged returns against current returns

Autocorrelation, which is PLAYWITH 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 PLAYWITH's stock expected returns. We can calculate the autocorrelation of PLAYWITH returns to help us make a trade decision. For example, suppose you find that PLAYWITH 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  

PLAYWITH 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 PLAYWITH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PLAYWITH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PLAYWITH stock over time.
   Current vs Lagged Prices   
       Timeline  

PLAYWITH Lagged Returns

When evaluating PLAYWITH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PLAYWITH stock have on its future price. PLAYWITH 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, PLAYWITH autocorrelation shows the relationship between PLAYWITH stock current value and its past values and can show if there is a momentum factor associated with investing in PLAYWITH.
   Regressed Prices   
       Timeline  

Pair Trading with PLAYWITH

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 PLAYWITH 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 PLAYWITH will appreciate offsetting losses from the drop in the long position's value.

Moving together with PLAYWITH Stock

  0.72302430 InnometryPairCorr

Moving against PLAYWITH Stock

  0.34203650 Dream Security coPairCorr
The ability to find closely correlated positions to PLAYWITH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PLAYWITH 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 PLAYWITH - 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 PLAYWITH to buy it.
The correlation of PLAYWITH 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 PLAYWITH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PLAYWITH 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 PLAYWITH 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in PLAYWITH Stock

PLAYWITH financial ratios help investors to determine whether PLAYWITH 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 PLAYWITH with respect to the benefits of owning PLAYWITH security.