Insung Information (Korea) Market Value
| 033230 Stock | KRW 1,845 45.00 2.38% |
| Symbol | Insung |
Insung Information '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 Insung Information'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 Insung Information.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Insung Information on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Insung Information Co or generate 0.0% return on investment in Insung Information over 360 days. Insung Information is related to or competes with Dongsin Engineering, Doosan Fuel, Daishin Balance, Total Soft, AptaBio Therapeutics, ASTORY CoLtd, and Daewoo SBI. Insung Information Co., Ltd. provides information technology infrastructure and solutions in South Korea and internation... More
Insung Information 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 Insung Information'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 Insung Information Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 26.13 | |||
| Value At Risk | (5.37) | |||
| Potential Upside | 5.0 |
Insung Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Insung Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Insung Information's standard deviation. In reality, there are many statistical measures that can use Insung Information historical prices to predict the future Insung Information's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 22.06 |
Insung Information Backtested Returns
Insung Information holds Efficiency (Sharpe) Ratio of -0.24, which attests that the entity had a -0.24% return per unit of risk over the last 3 months. Insung Information exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Insung Information's Standard Deviation of 3.71, market risk adjusted performance of 22.07, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0128, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Insung Information are expected to decrease at a much lower rate. During the bear market, Insung Information is likely to outperform the market. At this point, Insung Information has a negative expected return of -0.58%. Please make sure to check out Insung Information's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Insung Information performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Insung Information Co has weak predictability. Overlapping area represents the amount of predictability between Insung Information time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Insung Information price movement. The serial correlation of 0.24 indicates that over 24.0% of current Insung Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 110.2 K |
Insung Information lagged returns against current returns
Autocorrelation, which is Insung Information 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 Insung Information's stock expected returns. We can calculate the autocorrelation of Insung Information returns to help us make a trade decision. For example, suppose you find that Insung Information 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 |
Insung Information 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 Insung Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Insung Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Insung Information stock over time.
Current vs Lagged Prices |
| Timeline |
Insung Information Lagged Returns
When evaluating Insung Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Insung Information stock have on its future price. Insung Information 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, Insung Information autocorrelation shows the relationship between Insung Information stock current value and its past values and can show if there is a momentum factor associated with investing in Insung Information Co.
Regressed Prices |
| Timeline |
Pair Trading with Insung Information
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 Insung Information 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 Insung Information will appreciate offsetting losses from the drop in the long position's value.Moving together with Insung Stock
| 0.79 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.76 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.83 | 012700 | LEADCORP | PairCorr |
| 0.75 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to Insung Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Insung Information 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 Insung Information - 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 Insung Information Co to buy it.
The correlation of Insung Information 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 Insung Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Insung Information 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 Insung Information 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 Insung Stock
Insung Information financial ratios help investors to determine whether Insung 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 Insung with respect to the benefits of owning Insung Information security.