Keum Kang (Korea) Market Value
| 053260 Stock | KRW 4,120 60.00 1.44% |
| Symbol | Keum |
Keum Kang '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 Keum Kang'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 Keum Kang.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Keum Kang on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Keum Kang Steel or generate 0.0% return on investment in Keum Kang over 90 days. Keum Kang is related to or competes with Chorokbaem Healthcare, Infinitt Healthcare, LG Household, CKH Food, Heungkuk Metaltech, Aprogen Healthcare, and Daiyang Metal. Keum Kang Steel Co., Ltd. engages in the processing and selling of cold-rolled coils in South Korea More
Keum Kang 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 Keum Kang'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 Keum Kang Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0837 | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.29 |
Keum Kang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keum Kang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keum Kang's standard deviation. In reality, there are many statistical measures that can use Keum Kang historical prices to predict the future Keum Kang's volatility.| Risk Adjusted Performance | 0.0314 | |||
| Jensen Alpha | 0.0737 | |||
| Total Risk Alpha | 0.2761 | |||
| Sortino Ratio | 0.0968 | |||
| Treynor Ratio | 0.1734 |
Keum Kang Steel Backtested Returns
At this point, Keum Kang is very steady. Keum Kang Steel has Sharpe Ratio of 0.0543, which conveys that the firm had a 0.0543 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Keum Kang, which you can use to evaluate the volatility of the firm. Please verify Keum Kang's Risk Adjusted Performance of 0.0314, downside deviation of 1.59, and Mean Deviation of 1.25 to check out if the risk estimate we provide is consistent with the expected return of 0.0903%. Keum Kang has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Keum Kang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Keum Kang is expected to be smaller as well. Keum Kang Steel right now secures a risk of 1.66%. Please verify Keum Kang Steel total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Keum Kang Steel will be following its current price movements.
Auto-correlation | 0.15 |
Insignificant predictability
Keum Kang Steel has insignificant predictability. Overlapping area represents the amount of predictability between Keum Kang time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Keum Kang Steel price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Keum Kang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 23 K |
Keum Kang Steel lagged returns against current returns
Autocorrelation, which is Keum Kang 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 Keum Kang's stock expected returns. We can calculate the autocorrelation of Keum Kang returns to help us make a trade decision. For example, suppose you find that Keum Kang 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 |
Keum Kang 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 Keum Kang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keum Kang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keum Kang stock over time.
Current vs Lagged Prices |
| Timeline |
Keum Kang Lagged Returns
When evaluating Keum Kang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keum Kang stock have on its future price. Keum Kang 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, Keum Kang autocorrelation shows the relationship between Keum Kang stock current value and its past values and can show if there is a momentum factor associated with investing in Keum Kang Steel.
Regressed Prices |
| Timeline |
Pair Trading with Keum Kang
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 Keum Kang 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 Keum Kang will appreciate offsetting losses from the drop in the long position's value.Moving together with Keum Stock
| 0.69 | 005490 | POSCO Holdings | PairCorr |
| 0.64 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.77 | 004020 | Hyundai Steel | PairCorr |
Moving against Keum Stock
The ability to find closely correlated positions to Keum Kang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keum Kang 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 Keum Kang - 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 Keum Kang Steel to buy it.
The correlation of Keum Kang 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 Keum Kang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keum Kang Steel 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 Keum Kang 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 Keum Stock
Keum Kang financial ratios help investors to determine whether Keum 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 Keum with respect to the benefits of owning Keum Kang security.