MEDIANA CoLtd (Korea) Market Value
| 041920 Stock | KRW 5,110 70.00 1.39% |
| Symbol | MEDIANA |
MEDIANA CoLtd '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 MEDIANA CoLtd'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 MEDIANA CoLtd.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in MEDIANA CoLtd on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding MEDIANA CoLtd or generate 0.0% return on investment in MEDIANA CoLtd over 540 days. MEDIANA CoLtd is related to or competes with AptaBio Therapeutics, KT Hitel, SillaJen, Cytogen, Samsung Card, Woori Technology, and AnterogenCoLtd. ,Ltd, together with its subsidiaries, develops, manufactures, and sells medical devices in South Korea More
MEDIANA CoLtd 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 MEDIANA CoLtd'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 MEDIANA CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.7 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.13 |
MEDIANA CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEDIANA CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEDIANA CoLtd's standard deviation. In reality, there are many statistical measures that can use MEDIANA CoLtd historical prices to predict the future MEDIANA CoLtd's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 0.632 |
MEDIANA CoLtd Backtested Returns
MEDIANA CoLtd has Sharpe Ratio of -0.0069, which conveys that the firm had a -0.0069% return per unit of risk over the last 3 months. MEDIANA CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MEDIANA CoLtd's mean deviation of 1.94, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MEDIANA CoLtd are expected to decrease at a much lower rate. During the bear market, MEDIANA CoLtd is likely to outperform the market. At this point, MEDIANA CoLtd has a negative expected return of -0.02%. Please make sure to verify MEDIANA CoLtd's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if MEDIANA CoLtd performance from the past will be repeated in the future.
Auto-correlation | -0.51 |
Good reverse predictability
MEDIANA CoLtd has good reverse predictability. Overlapping area represents the amount of predictability between MEDIANA CoLtd time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 MEDIANA CoLtd price movement. The serial correlation of -0.51 indicates that about 51.0% of current MEDIANA CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 516.9 K |
MEDIANA CoLtd lagged returns against current returns
Autocorrelation, which is MEDIANA CoLtd 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 MEDIANA CoLtd's stock expected returns. We can calculate the autocorrelation of MEDIANA CoLtd returns to help us make a trade decision. For example, suppose you find that MEDIANA CoLtd 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 |
MEDIANA CoLtd 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 MEDIANA CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEDIANA CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MEDIANA CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
MEDIANA CoLtd Lagged Returns
When evaluating MEDIANA CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEDIANA CoLtd stock have on its future price. MEDIANA CoLtd 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, MEDIANA CoLtd autocorrelation shows the relationship between MEDIANA CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in MEDIANA CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with MEDIANA CoLtd
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 MEDIANA CoLtd 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 MEDIANA CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with MEDIANA Stock
Moving against MEDIANA Stock
The ability to find closely correlated positions to MEDIANA CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MEDIANA CoLtd 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 MEDIANA CoLtd - 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 MEDIANA CoLtd to buy it.
The correlation of MEDIANA CoLtd 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 MEDIANA CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MEDIANA CoLtd 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 MEDIANA CoLtd 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 MEDIANA Stock
MEDIANA CoLtd financial ratios help investors to determine whether MEDIANA 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 MEDIANA with respect to the benefits of owning MEDIANA CoLtd security.