RedcapTour (Korea) Market Value
| 038390 Stock | KRW 8,850 40.00 0.45% |
| Symbol | RedcapTour |
RedcapTour '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 RedcapTour'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 RedcapTour.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in RedcapTour on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding RedcapTour Co or generate 0.0% return on investment in RedcapTour over 30 days. RedcapTour is related to or competes with Busan Industrial, UNISEM, and Poongsan. RedcapTour Co., Ltd. engages in the car rental, travel, event, and hotel booking businesses in South Korea and internati... More
RedcapTour 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 RedcapTour'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 RedcapTour Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0962 | |||
| Maximum Drawdown | 10.66 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.68 |
RedcapTour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RedcapTour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RedcapTour's standard deviation. In reality, there are many statistical measures that can use RedcapTour historical prices to predict the future RedcapTour's volatility.| Risk Adjusted Performance | 0.1049 | |||
| Jensen Alpha | 0.1903 | |||
| Total Risk Alpha | 0.1162 | |||
| Sortino Ratio | 0.1281 | |||
| Treynor Ratio | (0.92) |
RedcapTour Backtested Returns
RedcapTour appears to be very steady, given 3 months investment horizon. RedcapTour maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for RedcapTour, which you can use to evaluate the volatility of the company. Please evaluate RedcapTour's Coefficient Of Variation of 799.11, risk adjusted performance of 0.1049, and Semi Deviation of 0.878 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RedcapTour holds a performance score of 9. The company holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RedcapTour are expected to decrease at a much lower rate. During the bear market, RedcapTour is likely to outperform the market. Please check RedcapTour's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether RedcapTour's historical price patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
RedcapTour Co has weak reverse predictability. Overlapping area represents the amount of predictability between RedcapTour time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 RedcapTour price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current RedcapTour price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 24.6 K |
RedcapTour lagged returns against current returns
Autocorrelation, which is RedcapTour 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 RedcapTour's stock expected returns. We can calculate the autocorrelation of RedcapTour returns to help us make a trade decision. For example, suppose you find that RedcapTour 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 |
RedcapTour 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 RedcapTour stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RedcapTour stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RedcapTour stock over time.
Current vs Lagged Prices |
| Timeline |
RedcapTour Lagged Returns
When evaluating RedcapTour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RedcapTour stock have on its future price. RedcapTour 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, RedcapTour autocorrelation shows the relationship between RedcapTour stock current value and its past values and can show if there is a momentum factor associated with investing in RedcapTour Co.
Regressed Prices |
| Timeline |
Pair Trading with RedcapTour
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 RedcapTour 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 RedcapTour will appreciate offsetting losses from the drop in the long position's value.Moving against RedcapTour Stock
| 0.74 | 005930 | Samsung Electronics | PairCorr |
| 0.71 | 005387 | Hyundai Motor | PairCorr |
| 0.7 | 005385 | Hyundai Motor | PairCorr |
| 0.69 | 005935 | Samsung Electronics | PairCorr |
| 0.68 | 066570 | LG Electronics | PairCorr |
The ability to find closely correlated positions to RedcapTour could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RedcapTour 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 RedcapTour - 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 RedcapTour Co to buy it.
The correlation of RedcapTour 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 RedcapTour moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RedcapTour 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 RedcapTour 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 RedcapTour Stock
RedcapTour financial ratios help investors to determine whether RedcapTour 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 RedcapTour with respect to the benefits of owning RedcapTour security.