GemVaxKAEL CoLtd (Korea) Market Value
| 082270 Stock | KRW 28,000 4,500 19.15% |
| Symbol | GemVaxKAEL |
GemVaxKAEL CoLtd '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 GemVaxKAEL CoLtd'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 GemVaxKAEL CoLtd.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in GemVaxKAEL CoLtd on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding GemVaxKAEL CoLtd or generate 0.0% return on investment in GemVaxKAEL CoLtd over 30 days. GemVaxKAEL CoLtd is related to or competes with Cheryong Industrial, Daishin Information, Seoul Electronics, Sejong Telecom, Lotte Data, and Eagon Industrial. ,Ltd engages in the manufacturing and commercializing of resins and filters for semi-conductor and panel display product... More
GemVaxKAEL CoLtd 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 GemVaxKAEL CoLtd'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 GemVaxKAEL CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | 0.1826 | |||
| Maximum Drawdown | 24.99 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 10.67 |
GemVaxKAEL CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GemVaxKAEL CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GemVaxKAEL CoLtd's standard deviation. In reality, there are many statistical measures that can use GemVaxKAEL CoLtd historical prices to predict the future GemVaxKAEL CoLtd's volatility.| Risk Adjusted Performance | 0.1395 | |||
| Jensen Alpha | 0.9915 | |||
| Total Risk Alpha | 0.9847 | |||
| Sortino Ratio | 0.258 | |||
| Treynor Ratio | 0.6304 |
GemVaxKAEL CoLtd Backtested Returns
GemVaxKAEL CoLtd is very steady given 3 months investment horizon. GemVaxKAEL CoLtd holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26 % return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.57% are justified by taking the suggested risk. Use GemVaxKAEL CoLtd Risk Adjusted Performance of 0.1395, downside deviation of 3.85, and Market Risk Adjusted Performance of 0.6404 to evaluate company specific risk that cannot be diversified away. GemVaxKAEL CoLtd holds a performance score of 20 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.58, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GemVaxKAEL CoLtd will likely underperform. Use GemVaxKAEL CoLtd semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on GemVaxKAEL CoLtd.
Auto-correlation | 0.61 |
Good predictability
GemVaxKAEL CoLtd has good predictability. Overlapping area represents the amount of predictability between GemVaxKAEL CoLtd time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th 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 GemVaxKAEL CoLtd price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current GemVaxKAEL CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 2.5 M |
GemVaxKAEL CoLtd lagged returns against current returns
Autocorrelation, which is GemVaxKAEL CoLtd 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 GemVaxKAEL CoLtd's stock expected returns. We can calculate the autocorrelation of GemVaxKAEL CoLtd returns to help us make a trade decision. For example, suppose you find that GemVaxKAEL CoLtd 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 |
GemVaxKAEL CoLtd 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 GemVaxKAEL CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GemVaxKAEL CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GemVaxKAEL CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
GemVaxKAEL CoLtd Lagged Returns
When evaluating GemVaxKAEL CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GemVaxKAEL CoLtd stock have on its future price. GemVaxKAEL CoLtd 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, GemVaxKAEL CoLtd autocorrelation shows the relationship between GemVaxKAEL CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in GemVaxKAEL CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with GemVaxKAEL CoLtd
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 GemVaxKAEL CoLtd 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 GemVaxKAEL CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against GemVaxKAEL Stock
The ability to find closely correlated positions to GemVaxKAEL CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GemVaxKAEL CoLtd 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 GemVaxKAEL CoLtd - 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 GemVaxKAEL CoLtd to buy it.
The correlation of GemVaxKAEL CoLtd 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 GemVaxKAEL CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GemVaxKAEL CoLtd 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 GemVaxKAEL CoLtd 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 GemVaxKAEL Stock
GemVaxKAEL CoLtd financial ratios help investors to determine whether GemVaxKAEL 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 GemVaxKAEL with respect to the benefits of owning GemVaxKAEL CoLtd security.