Polaris Office (Korea) Market Value

041020 Stock  KRW 5,860  80.00  1.35%   
Polaris Office's market value is the price at which a share of Polaris Office trades on a public exchange. It measures the collective expectations of Polaris Office Corp investors about its performance. Polaris Office is trading at 5860.00 as of the 16th of March 2025, a 1.35% down since the beginning of the trading day. The stock's open price was 5940.0.
With this module, you can estimate the performance of a buy and hold strategy of Polaris Office Corp and determine expected loss or profit from investing in Polaris Office over a given investment horizon. Check out Polaris Office Correlation, Polaris Office Volatility and Polaris Office Alpha and Beta module to complement your research on Polaris Office.
Symbol

Please note, there is a significant difference between Polaris Office's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polaris Office is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polaris Office's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
5,8565,8605,864
Details
Intrinsic
Valuation
LowRealHigh
5,5055,5086,446
Details
Naive
Forecast
LowNextHigh
5,4585,4615,465
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5,2025,9826,761
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Polaris Office. Your research has to be compared to or analyzed against Polaris Office's peers to derive any actionable benefits. When done correctly, Polaris Office's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Polaris Office Corp.

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 Risk Adjusted Performance of (0.01), variance of 15.44, and Coefficient Of Variation of (5,708) 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 Coefficient0.34
Spearman Rank Test0.12
Residual Average0.0
Price Variance133.4 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

  0.62086790 Hana FinancialPairCorr
  0.66316140 Woori Financial GroupPairCorr
  0.63005930 Samsung ElectronicsPairCorr

Moving against Polaris Stock

  0.32005380 Hyundai MotorPairCorr
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.
Pair CorrelationCorrelation Matching

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.