Kisan Telecom (Korea) Market Value
| 035460 Stock | KRW 1,770 9.00 0.51% |
| Symbol | Kisan |
Kisan Telecom '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 Kisan Telecom'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 Kisan Telecom.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Kisan Telecom on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Kisan Telecom Co or generate 0.0% return on investment in Kisan Telecom over 30 days. Kisan Telecom is related to or competes with Dongsin Engineering, Doosan Fuel, Daishin Balance, Total Soft, AptaBio Therapeutics, ASTORY CoLtd, and Daewoo SBI. Kisan Telecom Co., Ltd provides distributed antenna systems and Wi-Fi AP solutions in South Korea More
Kisan Telecom 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 Kisan Telecom'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 Kisan Telecom Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.73 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 2.19 |
Kisan Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kisan Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kisan Telecom's standard deviation. In reality, there are many statistical measures that can use Kisan Telecom historical prices to predict the future Kisan Telecom's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 18.24 |
Kisan Telecom Backtested Returns
Kisan Telecom has Sharpe Ratio of -0.0245, which conveys that the firm had a -0.0245% return per unit of risk over the last 3 months. Kisan Telecom exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kisan Telecom's Mean Deviation of 1.16, risk adjusted performance of (0.02), and Standard Deviation of 1.82 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0039, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kisan Telecom are expected to decrease at a much lower rate. During the bear market, Kisan Telecom is likely to outperform the market. At this point, Kisan Telecom has a negative expected return of -0.0468%. Please make sure to verify Kisan Telecom's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Kisan Telecom performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Kisan Telecom Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kisan Telecom time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Kisan Telecom price movement. The serial correlation of -0.74 indicates that around 74.0% of current Kisan Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 500.2 |
Kisan Telecom lagged returns against current returns
Autocorrelation, which is Kisan Telecom 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 Kisan Telecom's stock expected returns. We can calculate the autocorrelation of Kisan Telecom returns to help us make a trade decision. For example, suppose you find that Kisan Telecom 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 |
Kisan Telecom 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 Kisan Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kisan Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kisan Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Kisan Telecom Lagged Returns
When evaluating Kisan Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kisan Telecom stock have on its future price. Kisan Telecom 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, Kisan Telecom autocorrelation shows the relationship between Kisan Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Kisan Telecom Co.
Regressed Prices |
| Timeline |
Pair Trading with Kisan Telecom
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 Kisan Telecom 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 Kisan Telecom will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Kisan Telecom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kisan Telecom 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 Kisan Telecom - 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 Kisan Telecom Co to buy it.
The correlation of Kisan Telecom 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 Kisan Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kisan Telecom 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 Kisan Telecom 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 Kisan Stock
Kisan Telecom financial ratios help investors to determine whether Kisan 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 Kisan with respect to the benefits of owning Kisan Telecom security.