KCI (Korea) Market Value
| 036670 Stock | KRW 6,370 20.00 0.31% |
| Symbol | KCI |
KCI '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 KCI'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 KCI.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in KCI on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding KCI Limited or generate 0.0% return on investment in KCI over 90 days. KCI is related to or competes with Anam Electronics, Korea Information, ABCO Electronics, Ssangyong Information, Sangshin Electronics, Automobile, and KT Submarine. KCI Limited produces and supplies multifunctional composite materials for cosmetics, and household and industrial produc... More
KCI 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 KCI'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 KCI Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0738 | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.46 |
KCI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KCI's standard deviation. In reality, there are many statistical measures that can use KCI historical prices to predict the future KCI's volatility.| Risk Adjusted Performance | 0.0055 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.1658 | |||
| Sortino Ratio | 0.0784 | |||
| Treynor Ratio | (0.13) |
KCI Limited Backtested Returns
KCI Limited has Sharpe Ratio of -0.0898, which conveys that the company had a -0.0898 % return per unit of risk over the last 3 months. KCI exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KCI's Semi Deviation of 1.09, downside deviation of 1.3, and Mean Deviation of 0.7636 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.0536, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding KCI is expected to be smaller as well. At this point, KCI Limited has a negative expected return of -0.0693%. Please make sure to verify KCI's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if KCI Limited performance from the past will be repeated in the future.
Auto-correlation | 0.51 |
Modest predictability
KCI Limited has modest predictability. Overlapping area represents the amount of predictability between KCI time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 KCI Limited price movement. The serial correlation of 0.51 indicates that about 51.0% of current KCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 7887.52 |
KCI Limited lagged returns against current returns
Autocorrelation, which is KCI 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 KCI's stock expected returns. We can calculate the autocorrelation of KCI returns to help us make a trade decision. For example, suppose you find that KCI 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 |
KCI 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 KCI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KCI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KCI stock over time.
Current vs Lagged Prices |
| Timeline |
KCI Lagged Returns
When evaluating KCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KCI stock have on its future price. KCI 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, KCI autocorrelation shows the relationship between KCI stock current value and its past values and can show if there is a momentum factor associated with investing in KCI Limited.
Regressed Prices |
| Timeline |
Pair Trading with KCI
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 KCI 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 KCI will appreciate offsetting losses from the drop in the long position's value.Moving against KCI Stock
The ability to find closely correlated positions to KCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KCI 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 KCI - 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 KCI Limited to buy it.
The correlation of KCI 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 KCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KCI Limited 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 KCI 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 KCI Stock
KCI financial ratios help investors to determine whether KCI 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 KCI with respect to the benefits of owning KCI security.