KT Hitel (Korea) Market Value
| 036030 Stock | KRW 3,770 10.00 0.26% |
| Symbol | 036030 |
KT Hitel '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 KT Hitel'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 KT Hitel.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in KT Hitel on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding KT Hitel or generate 0.0% return on investment in KT Hitel over 30 days. KT Hitel is related to or competes with Jeju Beer, Seoam Machinery, Nam Hwa, Korea Air, Lotte Chilsung, Hanmi Semiconductor, and Hyundai Engineering. KTHitel Co., Ltd. is engaged in the content distribution, Tcommerce, and ICT businesses in South Korea. More
KT Hitel 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 KT Hitel'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 KT Hitel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0034 | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.18 |
KT Hitel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KT Hitel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KT Hitel's standard deviation. In reality, there are many statistical measures that can use KT Hitel historical prices to predict the future KT Hitel's volatility.| Risk Adjusted Performance | 0.0103 | |||
| Total Risk Alpha | 0.0198 | |||
| Sortino Ratio | 0.0033 | |||
| Treynor Ratio | (0.01) |
KT Hitel Backtested Returns
At this point, KT Hitel is very steady. KT Hitel retains Efficiency (Sharpe Ratio) of 0.0121, which conveys that the firm had a 0.0121 % return per unit of price deviation over the last 3 months. We have found thirty technical indicators for KT Hitel, which you can use to evaluate the volatility of the firm. Please verify KT Hitel's Standard Deviation of 2.15, market risk adjusted performance of 0.0032, and Mean Deviation of 1.4 to check out if the risk estimate we provide is consistent with the expected return of 0.0272%. The company owns a Beta (Systematic Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KT Hitel are expected to decrease at a much lower rate. During the bear market, KT Hitel is likely to outperform the market. KT Hitel today owns a risk of 2.25%. Please verify KT Hitel market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if KT Hitel will be following its current price history.
Auto-correlation | 0.52 |
Modest predictability
KT Hitel has modest predictability. Overlapping area represents the amount of predictability between KT Hitel time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 KT Hitel price movement. The serial correlation of 0.52 indicates that about 52.0% of current KT Hitel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 3605.56 |
KT Hitel lagged returns against current returns
Autocorrelation, which is KT Hitel 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 KT Hitel's stock expected returns. We can calculate the autocorrelation of KT Hitel returns to help us make a trade decision. For example, suppose you find that KT Hitel 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 |
KT Hitel 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 KT Hitel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KT Hitel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KT Hitel stock over time.
Current vs Lagged Prices |
| Timeline |
KT Hitel Lagged Returns
When evaluating KT Hitel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KT Hitel stock have on its future price. KT Hitel 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, KT Hitel autocorrelation shows the relationship between KT Hitel stock current value and its past values and can show if there is a momentum factor associated with investing in KT Hitel.
Regressed Prices |
| Timeline |
Pair Trading with KT Hitel
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 KT Hitel 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 KT Hitel will appreciate offsetting losses from the drop in the long position's value.Moving together with 036030 Stock
| 0.75 | 005935 | Samsung Electronics | PairCorr |
| 0.61 | 005930 | Samsung Electronics | PairCorr |
| 0.62 | 373220 | LG Energy Solution | PairCorr |
Moving against 036030 Stock
The ability to find closely correlated positions to KT Hitel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KT Hitel 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 KT Hitel - 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 KT Hitel to buy it.
The correlation of KT Hitel 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 KT Hitel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KT Hitel 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 KT Hitel 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 036030 Stock
KT Hitel financial ratios help investors to determine whether 036030 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 036030 with respect to the benefits of owning KT Hitel security.