AeroSpace Technology (Korea) Market Value
| 067390 Stock | KRW 498.00 11.00 2.16% |
| Symbol | AeroSpace |
AeroSpace Technology '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 AeroSpace Technology'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 AeroSpace Technology.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in AeroSpace Technology on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding AeroSpace Technology of or generate 0.0% return on investment in AeroSpace Technology over 90 days. AeroSpace Technology is related to or competes with LG Display, Hyundai, Hyundai, Hyundai, Adaptive Plasma, Kia Corp, and LG Electronics. More
AeroSpace Technology 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 AeroSpace Technology'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 AeroSpace Technology of upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 11.63 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 2.02 |
AeroSpace Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AeroSpace Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AeroSpace Technology's standard deviation. In reality, there are many statistical measures that can use AeroSpace Technology historical prices to predict the future AeroSpace Technology's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (1.88) |
AeroSpace Technology Backtested Returns
AeroSpace Technology secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. AeroSpace Technology of exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AeroSpace Technology's Mean Deviation of 1.29, standard deviation of 1.73, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AeroSpace Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding AeroSpace Technology is expected to be smaller as well. At this point, AeroSpace Technology has a negative expected return of -0.27%. Please make sure to confirm AeroSpace Technology's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if AeroSpace Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
AeroSpace Technology of has weak reverse predictability. Overlapping area represents the amount of predictability between AeroSpace Technology time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 AeroSpace Technology price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current AeroSpace Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 313.31 |
AeroSpace Technology lagged returns against current returns
Autocorrelation, which is AeroSpace Technology 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 AeroSpace Technology's stock expected returns. We can calculate the autocorrelation of AeroSpace Technology returns to help us make a trade decision. For example, suppose you find that AeroSpace Technology 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 |
AeroSpace Technology 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 AeroSpace Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AeroSpace Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AeroSpace Technology stock over time.
Current vs Lagged Prices |
| Timeline |
AeroSpace Technology Lagged Returns
When evaluating AeroSpace Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AeroSpace Technology stock have on its future price. AeroSpace Technology 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, AeroSpace Technology autocorrelation shows the relationship between AeroSpace Technology stock current value and its past values and can show if there is a momentum factor associated with investing in AeroSpace Technology of.
Regressed Prices |
| Timeline |
Pair Trading with AeroSpace Technology
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 AeroSpace Technology 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 AeroSpace Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with AeroSpace Stock
| 0.7 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.86 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.78 | 302430 | Innometry | PairCorr |
Moving against AeroSpace Stock
The ability to find closely correlated positions to AeroSpace Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AeroSpace Technology 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 AeroSpace Technology - 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 AeroSpace Technology of to buy it.
The correlation of AeroSpace Technology 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 AeroSpace Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AeroSpace Technology 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 AeroSpace Technology 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 AeroSpace Stock
AeroSpace Technology financial ratios help investors to determine whether AeroSpace 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 AeroSpace with respect to the benefits of owning AeroSpace Technology security.