Kbi Metal (Korea) Market Value
| 024840 Stock | KRW 1,970 85.00 4.14% |
| Symbol | Kbi |
Kbi Metal '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 Kbi Metal'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 Kbi Metal.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kbi Metal on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Kbi Metal Co or generate 0.0% return on investment in Kbi Metal over 30 days. Kbi Metal is related to or competes with LG Display, Hyundai, Hyundai, Adaptive Plasma, Kia Corp, Korea Electric, and LG Chemicals. KB Metal Co., Ltd. produces and sells copper rod parts from renewable raw scrap materials in South Korea. More
Kbi Metal 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 Kbi Metal'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 Kbi Metal Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 25.27 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 5.35 |
Kbi Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kbi Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kbi Metal's standard deviation. In reality, there are many statistical measures that can use Kbi Metal historical prices to predict the future Kbi Metal's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (1.22) | |||
| Treynor Ratio | (1.38) |
Kbi Metal Backtested Returns
Kbi Metal has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Kbi Metal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kbi Metal's Risk Adjusted Performance of (0.10), standard deviation of 3.92, and Mean Deviation of 2.78 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kbi Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kbi Metal is expected to be smaller as well. At this point, Kbi Metal has a negative expected return of -0.64%. Please make sure to verify Kbi Metal's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Kbi Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Kbi Metal Co has good predictability. Overlapping area represents the amount of predictability between Kbi Metal time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Kbi Metal price movement. The serial correlation of 0.79 indicates that around 79.0% of current Kbi Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 10.5 K |
Kbi Metal lagged returns against current returns
Autocorrelation, which is Kbi Metal 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 Kbi Metal's stock expected returns. We can calculate the autocorrelation of Kbi Metal returns to help us make a trade decision. For example, suppose you find that Kbi Metal 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 |
Kbi Metal 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 Kbi Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kbi Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kbi Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Kbi Metal Lagged Returns
When evaluating Kbi Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kbi Metal stock have on its future price. Kbi Metal 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, Kbi Metal autocorrelation shows the relationship between Kbi Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Kbi Metal Co.
Regressed Prices |
| Timeline |
Pair Trading with Kbi Metal
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 Kbi Metal 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 Kbi Metal will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Kbi Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kbi Metal 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 Kbi Metal - 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 Kbi Metal Co to buy it.
The correlation of Kbi Metal 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 Kbi Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kbi Metal 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 Kbi Metal 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 Kbi Stock
Kbi Metal financial ratios help investors to determine whether Kbi 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 Kbi with respect to the benefits of owning Kbi Metal security.