IokCompany (Korea) Market Value
| 078860 Stock | 1,745 15.00 0.87% |
| Symbol | IokCompany |
IokCompany '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 IokCompany'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 IokCompany.
| 02/11/2025 |
| 03/13/2025 |
If you would invest 0.00 in IokCompany on February 11, 2025 and sell it all today you would earn a total of 0.00 from holding IokCompany Co or generate 0.0% return on investment in IokCompany over 30 days. IokCompany is related to or competes with YG Entertainment, JYP Entertainment, Cube Entertainment, and FNC Entertainment. IOK COMPANY Co., Ltd. develops solutions and services in information and communication technology sector. More
IokCompany 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 IokCompany'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 IokCompany Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.0404 | |||
| Maximum Drawdown | 40.48 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 4.71 |
IokCompany Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IokCompany's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IokCompany's standard deviation. In reality, there are many statistical measures that can use IokCompany historical prices to predict the future IokCompany's volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.8338 | |||
| Sortino Ratio | 0.0615 | |||
| Treynor Ratio | (0.05) |
IokCompany Backtested Returns
IokCompany appears to be very steady, given 3 months investment horizon. IokCompany holds Efficiency (Sharpe) Ratio of 0.064, which attests that the entity had a 0.064 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IokCompany, which you can use to evaluate the volatility of the firm. Please utilize IokCompany's Risk Adjusted Performance of 0.021, downside deviation of 3.19, and Market Risk Adjusted Performance of (0.04) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IokCompany holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -1.18, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning IokCompany are expected to decrease by larger amounts. On the other hand, during market turmoil, IokCompany is expected to outperform it. Please check IokCompany's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether IokCompany's current trending patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
IokCompany Co has modest reverse predictability. Overlapping area represents the amount of predictability between IokCompany time series from 11th of February 2025 to 26th of February 2025 and 26th of February 2025 to 13th of March 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 IokCompany price movement. The serial correlation of -0.49 indicates that about 49.0% of current IokCompany price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 7836.96 |
IokCompany lagged returns against current returns
Autocorrelation, which is IokCompany 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 IokCompany's stock expected returns. We can calculate the autocorrelation of IokCompany returns to help us make a trade decision. For example, suppose you find that IokCompany 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 |
IokCompany 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 IokCompany stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IokCompany stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IokCompany stock over time.
Current vs Lagged Prices |
| Timeline |
IokCompany Lagged Returns
When evaluating IokCompany's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IokCompany stock have on its future price. IokCompany 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, IokCompany autocorrelation shows the relationship between IokCompany stock current value and its past values and can show if there is a momentum factor associated with investing in IokCompany Co.
Regressed Prices |
| Timeline |
Pair Trading with IokCompany
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 IokCompany 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 IokCompany will appreciate offsetting losses from the drop in the long position's value.Moving together with IokCompany Stock
Moving against IokCompany Stock
The ability to find closely correlated positions to IokCompany could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IokCompany 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 IokCompany - 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 IokCompany Co to buy it.
The correlation of IokCompany 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 IokCompany moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IokCompany 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 IokCompany 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 IokCompany Stock
IokCompany financial ratios help investors to determine whether IokCompany 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 IokCompany with respect to the benefits of owning IokCompany security.