KHVATEC CoLtd (Korea) Market Value
| 060720 Stock | KRW 7,830 280.00 3.71% |
| Symbol | KHVATEC |
KHVATEC 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 KHVATEC 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 KHVATEC CoLtd.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in KHVATEC CoLtd on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding KHVATEC CoLtd or generate 0.0% return on investment in KHVATEC CoLtd over 90 days. KHVATEC CoLtd is related to or competes with Seoul Semiconductor, Interflex, Intops Co, and Kmw. ,Ltd. manufactures and sells ICT components and modules worldwide More
KHVATEC 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 KHVATEC 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 KHVATEC CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.16 |
KHVATEC CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KHVATEC CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KHVATEC CoLtd's standard deviation. In reality, there are many statistical measures that can use KHVATEC CoLtd historical prices to predict the future KHVATEC CoLtd's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (3.10) |
KHVATEC CoLtd Backtested Returns
KHVATEC CoLtd has Sharpe Ratio of -0.24, which conveys that the firm had a -0.24% return per unit of standard deviation over the last 3 months. KHVATEC CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KHVATEC CoLtd's Mean Deviation of 1.66, risk adjusted performance of (0.15), and Market Risk Adjusted Performance of (3.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KHVATEC CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding KHVATEC CoLtd is expected to be smaller as well. At this point, KHVATEC CoLtd has a negative expected return of -0.47%. Please make sure to verify KHVATEC CoLtd's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if KHVATEC CoLtd performance from the past will be repeated at future time.
Auto-correlation | 0.69 |
Good predictability
KHVATEC CoLtd has good predictability. Overlapping area represents the amount of predictability between KHVATEC CoLtd 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 KHVATEC CoLtd price movement. The serial correlation of 0.69 indicates that around 69.0% of current KHVATEC CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 109 K |
KHVATEC CoLtd lagged returns against current returns
Autocorrelation, which is KHVATEC 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 KHVATEC CoLtd's stock expected returns. We can calculate the autocorrelation of KHVATEC CoLtd returns to help us make a trade decision. For example, suppose you find that KHVATEC 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 |
KHVATEC 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 KHVATEC CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KHVATEC CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KHVATEC CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
KHVATEC CoLtd Lagged Returns
When evaluating KHVATEC CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KHVATEC CoLtd stock have on its future price. KHVATEC 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, KHVATEC CoLtd autocorrelation shows the relationship between KHVATEC CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in KHVATEC CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with KHVATEC 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 KHVATEC 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 KHVATEC CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with KHVATEC Stock
| 0.89 | 005930 | Samsung Electronics | PairCorr |
| 0.87 | 005935 | Samsung Electronics | PairCorr |
| 0.77 | 005380 | Hyundai Motor | PairCorr |
Moving against KHVATEC Stock
The ability to find closely correlated positions to KHVATEC 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 KHVATEC 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 KHVATEC 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 KHVATEC CoLtd to buy it.
The correlation of KHVATEC 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 KHVATEC CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KHVATEC 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 KHVATEC 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 KHVATEC Stock
KHVATEC CoLtd financial ratios help investors to determine whether KHVATEC 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 KHVATEC with respect to the benefits of owning KHVATEC CoLtd security.