RFTech (Korea) Market Value
| 061040 Stock | KRW 3,430 75.00 2.24% |
| Symbol | RFTech |
RFTech '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 RFTech'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 RFTech.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in RFTech on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding RFTech Co or generate 0.0% return on investment in RFTech over 540 days. RFTech is related to or competes with Digital Power, PJ Metal, Nable Communications, Daishin Information, Pungguk Ethanol, Shinsegae Information, and Seoul Food. RFTech Co., Ltd. manufactures, wholesales, and retails electronic components, lighting equipment and products, and imagesound and communications systemsequipment. More
RFTech 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 RFTech'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 RFTech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 3.07 |
RFTech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RFTech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RFTech's standard deviation. In reality, there are many statistical measures that can use RFTech historical prices to predict the future RFTech's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.2625 |
RFTech Backtested Returns
RFTech maintains Sharpe Ratio (i.e., Efficiency) of -0.0135, which implies the firm had a -0.0135% return per unit of standard deviation over the last 3 months. RFTech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RFTech's insignificant Risk Adjusted Performance, market risk adjusted performance of 0.2725, and Coefficient Of Variation of (7,871) to confirm the risk estimate we provide. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RFTech are expected to decrease at a much lower rate. During the bear market, RFTech is likely to outperform the market. At this point, RFTech has a negative expected return of -0.0245%. Please make sure to check RFTech's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if RFTech performance from the past will be repeated at future time.
Auto-correlation | 0.38 |
Below average predictability
RFTech Co has below average predictability. Overlapping area represents the amount of predictability between RFTech time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 RFTech price movement. The serial correlation of 0.38 indicates that just about 38.0% of current RFTech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 136.5 K |
RFTech lagged returns against current returns
Autocorrelation, which is RFTech 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 RFTech's stock expected returns. We can calculate the autocorrelation of RFTech returns to help us make a trade decision. For example, suppose you find that RFTech 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 |
RFTech 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 RFTech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RFTech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RFTech stock over time.
Current vs Lagged Prices |
| Timeline |
RFTech Lagged Returns
When evaluating RFTech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RFTech stock have on its future price. RFTech 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, RFTech autocorrelation shows the relationship between RFTech stock current value and its past values and can show if there is a momentum factor associated with investing in RFTech Co.
Regressed Prices |
| Timeline |
Pair Trading with RFTech
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 RFTech 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 RFTech will appreciate offsetting losses from the drop in the long position's value.Moving together with RFTech Stock
Moving against RFTech Stock
The ability to find closely correlated positions to RFTech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RFTech 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 RFTech - 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 RFTech Co to buy it.
The correlation of RFTech 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 RFTech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RFTech 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 RFTech 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 RFTech Stock
RFTech financial ratios help investors to determine whether RFTech 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 RFTech with respect to the benefits of owning RFTech security.