COWELL FASHION (Korea) Market Value
| 033290 Stock | KRW 2,125 95.00 4.28% |
| Symbol | COWELL |
COWELL FASHION '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 COWELL FASHION'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 COWELL FASHION.
| 11/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in COWELL FASHION on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding COWELL FASHION CoLtd or generate 0.0% return on investment in COWELL FASHION over 60 days. COWELL FASHION is related to or competes with AfreecaTV, Nice Information, Posco ICT, LEENO Industrial, and Moatech. ,Ltd manufactures and sells lifestyle products in South Korea and internationally More
COWELL FASHION 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 COWELL FASHION'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 COWELL FASHION CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.64 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 3.6 |
COWELL FASHION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COWELL FASHION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COWELL FASHION's standard deviation. In reality, there are many statistical measures that can use COWELL FASHION historical prices to predict the future COWELL FASHION's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.6255 |
COWELL FASHION CoLtd Backtested Returns
COWELL FASHION CoLtd secures Sharpe Ratio (or Efficiency) of -0.048, which signifies that the company had a -0.048 % return per unit of volatility over the last 3 months. COWELL FASHION CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COWELL FASHION's mean deviation of 2.08, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning COWELL FASHION are expected to decrease at a much lower rate. During the bear market, COWELL FASHION is likely to outperform the market. At this point, COWELL FASHION CoLtd has a negative expected return of -0.13%. Please make sure to confirm COWELL FASHION's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if COWELL FASHION CoLtd performance from the past will be repeated at future time.
Auto-correlation | 0.26 |
Poor predictability
COWELL FASHION CoLtd has poor predictability. Overlapping area represents the amount of predictability between COWELL FASHION time series from 25th of November 2024 to 25th of December 2024 and 25th of December 2024 to 24th of January 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 COWELL FASHION CoLtd price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current COWELL FASHION price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 3176.19 |
COWELL FASHION CoLtd lagged returns against current returns
Autocorrelation, which is COWELL FASHION 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 COWELL FASHION's stock expected returns. We can calculate the autocorrelation of COWELL FASHION returns to help us make a trade decision. For example, suppose you find that COWELL FASHION 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 |
COWELL FASHION 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 COWELL FASHION stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COWELL FASHION stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COWELL FASHION stock over time.
Current vs Lagged Prices |
| Timeline |
COWELL FASHION Lagged Returns
When evaluating COWELL FASHION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COWELL FASHION stock have on its future price. COWELL FASHION 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, COWELL FASHION autocorrelation shows the relationship between COWELL FASHION stock current value and its past values and can show if there is a momentum factor associated with investing in COWELL FASHION CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with COWELL FASHION
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 COWELL FASHION 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 COWELL FASHION will appreciate offsetting losses from the drop in the long position's value.Moving together with COWELL Stock
The ability to find closely correlated positions to COWELL FASHION could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COWELL FASHION 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 COWELL FASHION - 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 COWELL FASHION CoLtd to buy it.
The correlation of COWELL FASHION 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 COWELL FASHION moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if COWELL FASHION CoLtd 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 COWELL FASHION 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 COWELL Stock
COWELL FASHION financial ratios help investors to determine whether COWELL 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 COWELL with respect to the benefits of owning COWELL FASHION security.