NEOWIZ HOLDINGS (Korea) Market Value
| 042420 Stock | KRW 21,500 450.00 2.14% |
| Symbol | NEOWIZ |
NEOWIZ HOLDINGS '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 NEOWIZ HOLDINGS'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 NEOWIZ HOLDINGS.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in NEOWIZ HOLDINGS on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding NEOWIZ HOLDINGS or generate 0.0% return on investment in NEOWIZ HOLDINGS over 390 days. NEOWIZ HOLDINGS is related to or competes with Ecoplastic, SungMoon Electronics, PJ Electronics, Wave Electronics, Cuckoo Homesys, and Okins Electronics. NEOWIZ HOLDINGS Corporationration engages in online personal computer and mobile game development and publishing services for players. More
NEOWIZ HOLDINGS 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 NEOWIZ HOLDINGS'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 NEOWIZ HOLDINGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0547 | |||
| Maximum Drawdown | 39.93 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 4.99 |
NEOWIZ HOLDINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEOWIZ HOLDINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEOWIZ HOLDINGS's standard deviation. In reality, there are many statistical measures that can use NEOWIZ HOLDINGS historical prices to predict the future NEOWIZ HOLDINGS's volatility.| Risk Adjusted Performance | 0.0641 | |||
| Jensen Alpha | 0.3777 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0761 | |||
| Treynor Ratio | (0.78) |
NEOWIZ HOLDINGS Backtested Returns
NEOWIZ HOLDINGS appears to be very steady, given 3 months investment horizon. NEOWIZ HOLDINGS has Sharpe Ratio of 0.0684, which conveys that the firm had a 0.0684% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NEOWIZ HOLDINGS, which you can use to evaluate the volatility of the firm. Please exercise NEOWIZ HOLDINGS's risk adjusted performance of 0.0641, and Mean Deviation of 2.19 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NEOWIZ HOLDINGS holds a performance score of 5. The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NEOWIZ HOLDINGS are expected to decrease at a much lower rate. During the bear market, NEOWIZ HOLDINGS is likely to outperform the market. Please check NEOWIZ HOLDINGS's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether NEOWIZ HOLDINGS's current price movements will revert.
Auto-correlation | -0.59 |
Good reverse predictability
NEOWIZ HOLDINGS has good reverse predictability. Overlapping area represents the amount of predictability between NEOWIZ HOLDINGS time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 NEOWIZ HOLDINGS price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current NEOWIZ HOLDINGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 M |
NEOWIZ HOLDINGS lagged returns against current returns
Autocorrelation, which is NEOWIZ HOLDINGS 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 NEOWIZ HOLDINGS's stock expected returns. We can calculate the autocorrelation of NEOWIZ HOLDINGS returns to help us make a trade decision. For example, suppose you find that NEOWIZ HOLDINGS 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 |
NEOWIZ HOLDINGS 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 NEOWIZ HOLDINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEOWIZ HOLDINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEOWIZ HOLDINGS stock over time.
Current vs Lagged Prices |
| Timeline |
NEOWIZ HOLDINGS Lagged Returns
When evaluating NEOWIZ HOLDINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEOWIZ HOLDINGS stock have on its future price. NEOWIZ HOLDINGS 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, NEOWIZ HOLDINGS autocorrelation shows the relationship between NEOWIZ HOLDINGS stock current value and its past values and can show if there is a momentum factor associated with investing in NEOWIZ HOLDINGS.
Regressed Prices |
| Timeline |
Pair Trading with NEOWIZ HOLDINGS
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 NEOWIZ HOLDINGS 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 NEOWIZ HOLDINGS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to NEOWIZ HOLDINGS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEOWIZ HOLDINGS 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 NEOWIZ HOLDINGS - 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 NEOWIZ HOLDINGS to buy it.
The correlation of NEOWIZ HOLDINGS 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 NEOWIZ HOLDINGS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NEOWIZ HOLDINGS 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 NEOWIZ HOLDINGS 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 NEOWIZ Stock
NEOWIZ HOLDINGS financial ratios help investors to determine whether NEOWIZ 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 NEOWIZ with respect to the benefits of owning NEOWIZ HOLDINGS security.