EBEST Investment (Korea) Market Value
| 078020 Stock | KRW 4,100 20.00 0.49% |
| Symbol | EBEST |
EBEST 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 EBEST 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 EBEST Investment.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in EBEST Investment on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding EBEST Investment Securities or generate 0.0% return on investment in EBEST Investment over 30 days. EBEST Investment is related to or competes with Korean Reinsurance, KakaoBank Corp, Seoul Food, Pureun Mutual, Shinhan Financial, and CJ Seafood. EBEST Investment Securities Co., Ltd. engages in institutional sales, investment banking, and proprietary trading businesses in South Korea. More
EBEST 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 EBEST 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 EBEST Investment Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 1.84 |
EBEST Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EBEST Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EBEST Investment's standard deviation. In reality, there are many statistical measures that can use EBEST Investment historical prices to predict the future EBEST Investment's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (1.18) |
EBEST Investment Sec Backtested Returns
EBEST Investment Sec secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of return volatility over the last 3 months. EBEST Investment Securities exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EBEST Investment's standard deviation of 1.25, and Mean Deviation of 0.9198 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, EBEST Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding EBEST Investment is expected to be smaller as well. At this point, EBEST Investment Sec has a negative expected return of -0.2%. Please make sure to confirm EBEST Investment's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if EBEST Investment Sec performance from the past will be repeated at some future date.
Auto-correlation | 0.05 |
Virtually no predictability
EBEST Investment Securities has virtually no predictability. Overlapping area represents the amount of predictability between EBEST Investment time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 EBEST Investment Sec price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current EBEST Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 2133.88 |
EBEST Investment Sec lagged returns against current returns
Autocorrelation, which is EBEST 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 EBEST Investment's stock expected returns. We can calculate the autocorrelation of EBEST Investment returns to help us make a trade decision. For example, suppose you find that EBEST 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 |
EBEST 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 EBEST Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EBEST Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EBEST Investment stock over time.
Current vs Lagged Prices |
| Timeline |
EBEST Investment Lagged Returns
When evaluating EBEST Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EBEST Investment stock have on its future price. EBEST 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, EBEST Investment autocorrelation shows the relationship between EBEST Investment stock current value and its past values and can show if there is a momentum factor associated with investing in EBEST Investment Securities.
Regressed Prices |
| Timeline |
Pair Trading with EBEST 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 EBEST 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 EBEST Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with EBEST Stock
Moving against EBEST Stock
| 0.59 | 105560 | KB Financial Group | PairCorr |
| 0.58 | 032830 | Samsung Life | PairCorr |
| 0.54 | 024110 | Industrial Bank | PairCorr |
| 0.34 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to EBEST 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 EBEST 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 EBEST 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 EBEST Investment Securities to buy it.
The correlation of EBEST 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 EBEST Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EBEST Investment Sec 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 EBEST 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 EBEST Stock
EBEST Investment financial ratios help investors to determine whether EBEST 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 EBEST with respect to the benefits of owning EBEST Investment security.