Ecopro (Korea) Market Value
| 086520 Stock | KRW 60,200 300.00 0.50% |
| Symbol | Ecopro |
Ecopro '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 Ecopro'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 Ecopro.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Ecopro on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Ecopro Co or generate 0.0% return on investment in Ecopro over 90 days. Ecopro is related to or competes with Ecopro BM, and LF. Ecopro Co., Ltd. focuses on the development of air pollution control materials and parts in South Korea More
Ecopro 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 Ecopro'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 Ecopro Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.74 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 4.74 |
Ecopro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecopro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecopro's standard deviation. In reality, there are many statistical measures that can use Ecopro historical prices to predict the future Ecopro's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.1497 | |||
| Treynor Ratio | (0.27) |
Ecopro Backtested Returns
Ecopro secures Sharpe Ratio (or Efficiency) of -0.024, which denotes the company had a -0.024 % return per unit of risk over the last 3 months. Ecopro Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ecopro's Mean Deviation of 2.53, variance of 10.81, and Standard Deviation of 3.29 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.69, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ecopro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ecopro is expected to be smaller as well. At this point, Ecopro has a negative expected return of -0.0823%. Please make sure to confirm Ecopro's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Ecopro performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Ecopro Co has poor predictability. Overlapping area represents the amount of predictability between Ecopro time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Ecopro price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Ecopro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 9 M |
Ecopro lagged returns against current returns
Autocorrelation, which is Ecopro 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 Ecopro's stock expected returns. We can calculate the autocorrelation of Ecopro returns to help us make a trade decision. For example, suppose you find that Ecopro 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 |
Ecopro 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 Ecopro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecopro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecopro stock over time.
Current vs Lagged Prices |
| Timeline |
Ecopro Lagged Returns
When evaluating Ecopro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecopro stock have on its future price. Ecopro 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, Ecopro autocorrelation shows the relationship between Ecopro stock current value and its past values and can show if there is a momentum factor associated with investing in Ecopro Co.
Regressed Prices |
| Timeline |
Pair Trading with Ecopro
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 Ecopro 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 Ecopro will appreciate offsetting losses from the drop in the long position's value.Moving together with Ecopro Stock
Moving against Ecopro Stock
| 0.39 | 006650 | Korea Petro Chemical | PairCorr |
| 0.36 | 009830 | Hanwha Solutions | PairCorr |
| 0.36 | 003030 | Seah Steel Corp | PairCorr |
| 0.36 | 033240 | Jahwa Electron | PairCorr |
The ability to find closely correlated positions to Ecopro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecopro 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 Ecopro - 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 Ecopro Co to buy it.
The correlation of Ecopro 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 Ecopro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecopro 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 Ecopro 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 Ecopro Stock
Ecopro financial ratios help investors to determine whether Ecopro 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 Ecopro with respect to the benefits of owning Ecopro security.