Cafe24 Corp (Korea) Market Value
| 042000 Stock | KRW 34,550 1,400 3.89% |
| Symbol | Cafe24 |
Cafe24 Corp '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 Cafe24 Corp'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 Cafe24 Corp.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Cafe24 Corp on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Cafe24 Corp or generate 0.0% return on investment in Cafe24 Corp over 90 days. Cafe24 Corp is related to or competes with LG Household, Dong-A Steel, Lotte Data, Nice Information, THiRA-UTECH, SS TECH, and Nable Communications. The companys e-commerce platform, cafe24, which offers various services, including shopping mall solution, advertising, ... More
Cafe24 Corp 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 Cafe24 Corp'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 Cafe24 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.0317 | |||
| Maximum Drawdown | 22.56 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 9.65 |
Cafe24 Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cafe24 Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cafe24 Corp's standard deviation. In reality, there are many statistical measures that can use Cafe24 Corp historical prices to predict the future Cafe24 Corp's volatility.| Risk Adjusted Performance | 0.0521 | |||
| Jensen Alpha | 0.2687 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0381 | |||
| Treynor Ratio | (1.63) |
Cafe24 Corp Backtested Returns
Cafe24 Corp appears to be very steady, given 3 months investment horizon. Cafe24 Corp secures Sharpe Ratio (or Efficiency) of 0.0606, which signifies that the company had a 0.0606% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cafe24 Corp, which you can use to evaluate the volatility of the firm. Please makes use of Cafe24 Corp's mean deviation of 2.98, and Risk Adjusted Performance of 0.0521 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cafe24 Corp holds a performance score of 4. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cafe24 Corp are expected to decrease at a much lower rate. During the bear market, Cafe24 Corp is likely to outperform the market. Please check Cafe24 Corp's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cafe24 Corp's price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Cafe24 Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cafe24 Corp time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Cafe24 Corp price movement. The serial correlation of -0.73 indicates that around 73.0% of current Cafe24 Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 12.3 M |
Cafe24 Corp lagged returns against current returns
Autocorrelation, which is Cafe24 Corp 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 Cafe24 Corp's stock expected returns. We can calculate the autocorrelation of Cafe24 Corp returns to help us make a trade decision. For example, suppose you find that Cafe24 Corp 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 |
Cafe24 Corp 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 Cafe24 Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cafe24 Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cafe24 Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Cafe24 Corp Lagged Returns
When evaluating Cafe24 Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cafe24 Corp stock have on its future price. Cafe24 Corp 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, Cafe24 Corp autocorrelation shows the relationship between Cafe24 Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Cafe24 Corp.
Regressed Prices |
| Timeline |
Pair Trading with Cafe24 Corp
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 Cafe24 Corp 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 Cafe24 Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Cafe24 Stock
The ability to find closely correlated positions to Cafe24 Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cafe24 Corp 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 Cafe24 Corp - 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 Cafe24 Corp to buy it.
The correlation of Cafe24 Corp 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 Cafe24 Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cafe24 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 Cafe24 Corp 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 Cafe24 Stock
Cafe24 Corp financial ratios help investors to determine whether Cafe24 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 Cafe24 with respect to the benefits of owning Cafe24 Corp security.