Curo Holdings (Korea) Market Value
| 051780 Stock | KRW 1,041 34.00 3.16% |
| Symbol | Curo |
Curo 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 Curo Holdings' 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 Curo Holdings.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Curo Holdings on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Curo Holdings Co or generate 0.0% return on investment in Curo Holdings over 720 days. Curo Holdings is related to or competes with Samsung Electronics, Samsung Electronics, KB Financial, Shinhan Financial, Hyundai, Hyundai, and Hyundai. Curo Holdings Co., Ltd. engages in the entertainment and coffee businesses in South Korea More
Curo 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 Curo Holdings' 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 Curo Holdings Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 36.74 | |||
| Value At Risk | (6.07) | |||
| Potential Upside | 2.52 |
Curo Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Curo Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Curo Holdings' standard deviation. In reality, there are many statistical measures that can use Curo Holdings historical prices to predict the future Curo Holdings' volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (1.23) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | (2.02) |
Curo Holdings Backtested Returns
Curo Holdings secures Sharpe Ratio (or Efficiency) of -0.33, which signifies that the company had a -0.33% return per unit of risk over the last 3 months. Curo Holdings Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Curo Holdings' Risk Adjusted Performance of (0.21), standard deviation of 4.39, and Mean Deviation of 2.27 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Curo Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Curo Holdings is expected to be smaller as well. At this point, Curo Holdings has a negative expected return of -1.7%. Please make sure to confirm Curo Holdings' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Curo Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Curo Holdings Co has modest predictability. Overlapping area represents the amount of predictability between Curo Holdings time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Curo Holdings price movement. The serial correlation of 0.55 indicates that about 55.0% of current Curo Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 663.9 K |
Curo Holdings lagged returns against current returns
Autocorrelation, which is Curo 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 Curo Holdings' stock expected returns. We can calculate the autocorrelation of Curo Holdings returns to help us make a trade decision. For example, suppose you find that Curo 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 |
Curo 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 Curo Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Curo Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Curo Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Curo Holdings Lagged Returns
When evaluating Curo Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Curo Holdings stock have on its future price. Curo 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, Curo Holdings autocorrelation shows the relationship between Curo Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Curo Holdings Co.
Regressed Prices |
| Timeline |
Pair Trading with Curo 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 Curo 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 Curo Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Curo Stock
Moving against Curo Stock
| 0.88 | 122870 | YG Entertainment | PairCorr |
| 0.84 | 041510 | SM Entertainment | PairCorr |
| 0.83 | 035420 | Naver | PairCorr |
| 0.82 | 035900 | JYP Entertainment | PairCorr |
| 0.78 | 078160 | MEDIPOST | PairCorr |
The ability to find closely correlated positions to Curo 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 Curo 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 Curo 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 Curo Holdings Co to buy it.
The correlation of Curo 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 Curo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Curo 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 Curo 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 Curo Stock
Curo Holdings financial ratios help investors to determine whether Curo 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 Curo with respect to the benefits of owning Curo Holdings security.