Woori Technology (Korea) Market Value
| 041190 Stock | KRW 6,530 40.00 0.62% |
| Symbol | Woori |
Woori Technology '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 Woori Technology'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 Woori Technology.
| 11/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in Woori Technology on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Woori Technology Investment or generate 0.0% return on investment in Woori Technology over 90 days. Woori Technology is related to or competes with Humasis Co, JUSUNG ENGINEERING, Winix, AfreecaTV, and CJ ENM. Woori Technology Investment Co., Ltd. engages in installment finance and facility rental business in South Korea More
Woori Technology 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 Woori Technology'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 Woori Technology Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 17.57 | |||
| Value At Risk | (7.13) | |||
| Potential Upside | 4.67 |
Woori Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Woori Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Woori Technology's standard deviation. In reality, there are many statistical measures that can use Woori Technology historical prices to predict the future Woori Technology's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 9.92 |
Woori Technology Inv Backtested Returns
Woori Technology Inv shows Sharpe Ratio of -0.13, which attests that the company had a -0.13 % return per unit of risk over the last 3 months. Woori Technology Inv exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Woori Technology's Market Risk Adjusted Performance of 9.93, standard deviation of 3.46, and Mean Deviation of 2.51 to validate the risk estimate we provide. The firm maintains a market beta of -0.0623, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Woori Technology are expected to decrease at a much lower rate. During the bear market, Woori Technology is likely to outperform the market. At this point, Woori Technology Inv has a negative expected return of -0.46%. Please make sure to check out Woori Technology's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Woori Technology Inv performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Woori Technology Investment has good predictability. Overlapping area represents the amount of predictability between Woori Technology time series from 29th of November 2024 to 13th of January 2025 and 13th of January 2025 to 27th of February 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 Woori Technology Inv price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Woori Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 218.2 K |
Woori Technology Inv lagged returns against current returns
Autocorrelation, which is Woori Technology 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 Woori Technology's stock expected returns. We can calculate the autocorrelation of Woori Technology returns to help us make a trade decision. For example, suppose you find that Woori Technology 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 |
Woori Technology 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 Woori Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Woori Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Woori Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Woori Technology Lagged Returns
When evaluating Woori Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Woori Technology stock have on its future price. Woori Technology 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, Woori Technology autocorrelation shows the relationship between Woori Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Woori Technology Investment.
Regressed Prices |
| Timeline |
Pair Trading with Woori Technology
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 Woori Technology 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 Woori Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Woori Stock
Moving against Woori Stock
The ability to find closely correlated positions to Woori Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Woori Technology 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 Woori Technology - 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 Woori Technology Investment to buy it.
The correlation of Woori Technology 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 Woori Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Woori Technology Inv 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 Woori Technology 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 Woori Stock
Woori Technology financial ratios help investors to determine whether Woori 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 Woori with respect to the benefits of owning Woori Technology security.