Korea Investment (Korea) Market Value
| 071055 Stock | 59,600 1,100 1.88% |
| Symbol | Korea |
Korea Investment '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 Korea Investment'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 Korea Investment.
| 03/01/2023 |
| 02/18/2025 |
If you would invest 0.00 in Korea Investment on March 1, 2023 and sell it all today you would earn a total of 0.00 from holding Korea Investment Holdings or generate 0.0% return on investment in Korea Investment over 720 days. Korea Investment is related to or competes with Alton Sports, ChipsMedia, CKH Food, Sam Yang, and MEDIANA CoLtd. More
Korea Investment 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 Korea Investment'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 Korea Investment Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.1145 | |||
| Maximum Drawdown | 8.96 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.0 |
Korea Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Investment's standard deviation. In reality, there are many statistical measures that can use Korea Investment historical prices to predict the future Korea Investment's volatility.| Risk Adjusted Performance | 0.0917 | |||
| Jensen Alpha | 0.1734 | |||
| Total Risk Alpha | 0.1711 | |||
| Sortino Ratio | 0.0937 | |||
| Treynor Ratio | (5.52) |
Korea Investment Holdings Backtested Returns
Korea Investment appears to be very steady, given 3 months investment horizon. Korea Investment Holdings has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Korea Investment, which you can use to evaluate the volatility of the firm. Please exercise Korea Investment's Mean Deviation of 1.1, risk adjusted performance of 0.0917, and Downside Deviation of 1.84 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Korea Investment holds a performance score of 10. The company secures a Beta (Market Risk) of -0.0314, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Korea Investment are expected to decrease at a much lower rate. During the bear market, Korea Investment is likely to outperform the market. Please check Korea Investment's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Korea Investment's current price movements will revert.
Auto-correlation | 0.51 |
Modest predictability
Korea Investment Holdings has modest predictability. Overlapping area represents the amount of predictability between Korea Investment time series from 1st of March 2023 to 24th of February 2024 and 24th of February 2024 to 18th of February 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 Korea Investment Holdings price movement. The serial correlation of 0.51 indicates that about 51.0% of current Korea Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 10.8 M |
Korea Investment Holdings lagged returns against current returns
Autocorrelation, which is Korea Investment 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 Korea Investment's stock expected returns. We can calculate the autocorrelation of Korea Investment returns to help us make a trade decision. For example, suppose you find that Korea Investment 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 |
Korea Investment 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 Korea Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Korea Investment Lagged Returns
When evaluating Korea Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Investment stock have on its future price. Korea Investment 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, Korea Investment autocorrelation shows the relationship between Korea Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Investment Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Korea Investment
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 Korea Investment 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 Korea Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Korea Stock
The ability to find closely correlated positions to Korea Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Investment 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 Korea Investment - 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 Korea Investment Holdings to buy it.
The correlation of Korea Investment 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 Korea Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Investment Holdings 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 Korea Investment 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 Korea Stock
Korea Investment financial ratios help investors to determine whether Korea 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 Korea with respect to the benefits of owning Korea Investment security.