FnGuide (Korea) Market Value
| 064850 Stock | KRW 8,140 140.00 1.75% |
| Symbol | FnGuide |
FnGuide '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 FnGuide'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 FnGuide.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in FnGuide on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding FnGuide or generate 0.0% return on investment in FnGuide over 720 days. FnGuide is related to or competes with Nh Investment, Hanwha InvestmentSecuri, Company K, DSC Investment, Samsung Special, and YeSUN Tech. The company was founded in 2000 and is based in Seoul, South Korea More
FnGuide 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 FnGuide'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 FnGuide upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 59.91 | |||
| Value At Risk | (8.62) | |||
| Potential Upside | 29.82 |
FnGuide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FnGuide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FnGuide's standard deviation. In reality, there are many statistical measures that can use FnGuide historical prices to predict the future FnGuide's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (1.07) |
FnGuide Backtested Returns
FnGuide secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24% return per unit of return volatility over the last 3 months. FnGuide exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FnGuide's mean deviation of 5.14, and Standard Deviation of 9.84 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, FnGuide's returns are expected to increase less than the market. However, during the bear market, the loss of holding FnGuide is expected to be smaller as well. At this point, FnGuide has a negative expected return of -1.77%. Please make sure to confirm FnGuide's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if FnGuide performance from the past will be repeated at some future point.
Auto-correlation | 0.18 |
Very weak predictability
FnGuide has very weak predictability. Overlapping area represents the amount of predictability between FnGuide time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 FnGuide price movement. The serial correlation of 0.18 indicates that over 18.0% of current FnGuide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 13 M |
FnGuide lagged returns against current returns
Autocorrelation, which is FnGuide 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 FnGuide's stock expected returns. We can calculate the autocorrelation of FnGuide returns to help us make a trade decision. For example, suppose you find that FnGuide 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 |
FnGuide 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 FnGuide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FnGuide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FnGuide stock over time.
Current vs Lagged Prices |
| Timeline |
FnGuide Lagged Returns
When evaluating FnGuide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FnGuide stock have on its future price. FnGuide 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, FnGuide autocorrelation shows the relationship between FnGuide stock current value and its past values and can show if there is a momentum factor associated with investing in FnGuide.
Regressed Prices |
| Timeline |
Pair Trading with FnGuide
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 FnGuide 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 FnGuide will appreciate offsetting losses from the drop in the long position's value.Moving against FnGuide Stock
| 0.72 | 122870 | YG Entertainment | PairCorr |
| 0.51 | 105560 | KB Financial Group | PairCorr |
| 0.48 | 032640 | LG Uplus | PairCorr |
| 0.46 | 003535 | Hanwha InvestmentSecuri | PairCorr |
| 0.4 | 005945 | Nh Investment And | PairCorr |
The ability to find closely correlated positions to FnGuide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FnGuide 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 FnGuide - 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 FnGuide to buy it.
The correlation of FnGuide 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 FnGuide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FnGuide 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 FnGuide 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 FnGuide Stock
FnGuide financial ratios help investors to determine whether FnGuide 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 FnGuide with respect to the benefits of owning FnGuide security.