BYON Co (Korea) Market Value
| 032980 Stock | KRW 302.00 42.00 16.15% |
| Symbol | BYON |
BYON Co '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 BYON Co'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 BYON Co.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in BYON Co on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding BYON Co or generate 0.0% return on investment in BYON Co over 30 days. BYON Co is related to or competes with Korea Industrial, MetaLabs, Formetal, Daejung Chemicals, Lotte Chilsung, and Sangsin Energy. BYON Co., Ltd. manufactures and sells industrial chemicals in South Korea and internationally More
BYON Co 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 BYON Co'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 BYON Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 41.99 | |||
| Value At Risk | (11.75) | |||
| Potential Upside | 12.15 |
BYON Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYON Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BYON Co's standard deviation. In reality, there are many statistical measures that can use BYON Co historical prices to predict the future BYON Co's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.01) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (13.76) |
BYON Co Backtested Returns
BYON Co secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19 % return per unit of risk over the last 3 months. BYON Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BYON Co's mean deviation of 5.55, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0734, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BYON Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding BYON Co is expected to be smaller as well. At this point, BYON Co has a negative expected return of -1.57%. Please make sure to confirm BYON Co's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if BYON Co performance from the past will be repeated at future time.
Auto-correlation | 0.58 |
Modest predictability
BYON Co has modest predictability. Overlapping area represents the amount of predictability between BYON Co time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 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 BYON Co price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current BYON Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1674.69 |
BYON Co lagged returns against current returns
Autocorrelation, which is BYON Co 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 BYON Co's stock expected returns. We can calculate the autocorrelation of BYON Co returns to help us make a trade decision. For example, suppose you find that BYON Co 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 |
BYON Co 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 BYON Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BYON Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BYON Co stock over time.
Current vs Lagged Prices |
| Timeline |
BYON Co Lagged Returns
When evaluating BYON Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BYON Co stock have on its future price. BYON Co 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, BYON Co autocorrelation shows the relationship between BYON Co stock current value and its past values and can show if there is a momentum factor associated with investing in BYON Co.
Regressed Prices |
| Timeline |
Pair Trading with BYON Co
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 BYON Co 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 BYON Co will appreciate offsetting losses from the drop in the long position's value.Moving together with BYON Stock
Moving against BYON Stock
| 0.87 | 000660 | SK Hynix | PairCorr |
| 0.85 | 003030 | Seah Steel Corp | PairCorr |
| 0.83 | 009830 | Hanwha Solutions | PairCorr |
| 0.76 | 006650 | Korea Petro Chemical | PairCorr |
| 0.7 | 004020 | Hyundai Steel | PairCorr |
The ability to find closely correlated positions to BYON Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BYON Co 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 BYON Co - 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 BYON Co to buy it.
The correlation of BYON Co 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 BYON Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BYON Co 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 BYON Co 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 BYON Stock
BYON Co financial ratios help investors to determine whether BYON 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 BYON with respect to the benefits of owning BYON Co security.