Kiwoom (Korea) Market Value
| 039490 Stock | 118,200 1,900 1.63% |
| Symbol | Kiwoom |
Kiwoom '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 Kiwoom'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 Kiwoom.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Kiwoom on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Kiwoom or generate 0.0% return on investment in Kiwoom over 360 days. Kiwoom is related to or competes with Taegu Broadcasting, Samlip General, Sempio Foods, Sungwoo Electronics, Korea Electronic, and Samsung Electronics. More
Kiwoom 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 Kiwoom'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 Kiwoom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 3.06 |
Kiwoom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kiwoom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kiwoom's standard deviation. In reality, there are many statistical measures that can use Kiwoom historical prices to predict the future Kiwoom's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.31) |
Kiwoom Backtested Returns
Kiwoom has Sharpe Ratio of -0.054, which conveys that the firm had a -0.054% return per unit of risk over the last 3 months. Kiwoom exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kiwoom's Mean Deviation of 1.86, risk adjusted performance of (0.05), and Standard Deviation of 2.49 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kiwoom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kiwoom is expected to be smaller as well. At this point, Kiwoom has a negative expected return of -0.13%. Please make sure to verify Kiwoom's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Kiwoom performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Kiwoom has very weak reverse predictability. Overlapping area represents the amount of predictability between Kiwoom time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Kiwoom price movement. The serial correlation of -0.01 indicates that just 1.0% of current Kiwoom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 39.2 M |
Kiwoom lagged returns against current returns
Autocorrelation, which is Kiwoom 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 Kiwoom's stock expected returns. We can calculate the autocorrelation of Kiwoom returns to help us make a trade decision. For example, suppose you find that Kiwoom 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 |
Kiwoom 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 Kiwoom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kiwoom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kiwoom stock over time.
Current vs Lagged Prices |
| Timeline |
Kiwoom Lagged Returns
When evaluating Kiwoom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kiwoom stock have on its future price. Kiwoom 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, Kiwoom autocorrelation shows the relationship between Kiwoom stock current value and its past values and can show if there is a momentum factor associated with investing in Kiwoom.
Regressed Prices |
| Timeline |
Pair Trading with Kiwoom
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 Kiwoom 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 Kiwoom will appreciate offsetting losses from the drop in the long position's value.Moving together with Kiwoom Stock
Moving against Kiwoom Stock
The ability to find closely correlated positions to Kiwoom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kiwoom 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 Kiwoom - 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 Kiwoom to buy it.
The correlation of Kiwoom 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 Kiwoom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kiwoom 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 Kiwoom 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 Kiwoom Stock
Kiwoom financial ratios help investors to determine whether Kiwoom 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 Kiwoom with respect to the benefits of owning Kiwoom security.