Polaris Office (Korea) Market Value
| 041020 Stock | KRW 5,860 80.00 1.35% |
| Symbol | Polaris |
Polaris Office '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 Polaris Office'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 Polaris Office.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Polaris Office on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Polaris Office Corp or generate 0.0% return on investment in Polaris Office over 90 days. Polaris Office is related to or competes with Daejung Chemicals, Samlip General, Seoul Food, PJ Metal, Shinhan Inverse, Haitai Confectionery, and Shinsegae Food. Infraware, Inc. designs and develops software solutions for mobile industry in South Korea. More
Polaris Office 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 Polaris Office'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 Polaris Office Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0077 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 6.79 |
Polaris Office Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polaris Office's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polaris Office's standard deviation. In reality, there are many statistical measures that can use Polaris Office historical prices to predict the future Polaris Office's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.4132 | |||
| Treynor Ratio | (0.15) |
Polaris Office Corp Backtested Returns
Polaris Office Corp maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Polaris Office Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Polaris Office's Coefficient Of Variation of (5,708), risk adjusted performance of (0.01), and Variance of 15.44 to confirm the risk estimate we provide. The company holds a Beta of 0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Polaris Office's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polaris Office is expected to be smaller as well. At this point, Polaris Office Corp has a negative expected return of -0.0064%. Please make sure to check Polaris Office's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Polaris Office Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Polaris Office Corp has below average predictability. Overlapping area represents the amount of predictability between Polaris Office time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Polaris Office Corp price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Polaris Office price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 133.4 K |
Polaris Office Corp lagged returns against current returns
Autocorrelation, which is Polaris Office 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 Polaris Office's stock expected returns. We can calculate the autocorrelation of Polaris Office returns to help us make a trade decision. For example, suppose you find that Polaris Office 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 |
Polaris Office 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 Polaris Office stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polaris Office stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polaris Office stock over time.
Current vs Lagged Prices |
| Timeline |
Polaris Office Lagged Returns
When evaluating Polaris Office's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polaris Office stock have on its future price. Polaris Office 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, Polaris Office autocorrelation shows the relationship between Polaris Office stock current value and its past values and can show if there is a momentum factor associated with investing in Polaris Office Corp.
Regressed Prices |
| Timeline |
Pair Trading with Polaris Office
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 Polaris Office 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 Polaris Office will appreciate offsetting losses from the drop in the long position's value.Moving together with Polaris Stock
| 0.62 | 086790 | Hana Financial | PairCorr |
| 0.66 | 316140 | Woori Financial Group | PairCorr |
| 0.63 | 005930 | Samsung Electronics | PairCorr |
Moving against Polaris Stock
The ability to find closely correlated positions to Polaris Office could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Polaris Office 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 Polaris Office - 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 Polaris Office Corp to buy it.
The correlation of Polaris Office 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 Polaris Office moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Polaris Office Corp 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 Polaris Office 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 Polaris Stock
Polaris Office financial ratios help investors to determine whether Polaris 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 Polaris with respect to the benefits of owning Polaris Office security.