ISU Abxis (Korea) Market Value
| 086890 Stock | KRW 4,660 140.00 2.92% |
| Symbol | ISU |
ISU Abxis '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 ISU Abxis' 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 ISU Abxis.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in ISU Abxis on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding ISU Abxis Co or generate 0.0% return on investment in ISU Abxis over 360 days. ISU Abxis is related to or competes with Samsung Biologics, SK Bioscience, Green Cross, MedPacto, Prestige Biologics, OliX PharmaceuticalsI. ISU Abxis Co., Ltd., a biopharmaceutical company, develops and markets products for the treatment of cancer and rare dis... More
ISU Abxis 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 ISU Abxis' 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 ISU Abxis Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.16 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 3.55 |
ISU Abxis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISU Abxis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISU Abxis' standard deviation. In reality, there are many statistical measures that can use ISU Abxis historical prices to predict the future ISU Abxis' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (3.84) |
ISU Abxis Backtested Returns
ISU Abxis holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of volatility over the last 3 months. ISU Abxis exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISU Abxis' risk adjusted performance of (0.11), and Market Risk Adjusted Performance of (3.83) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ISU Abxis' returns are expected to increase less than the market. However, during the bear market, the loss of holding ISU Abxis is expected to be smaller as well. At this point, ISU Abxis has a negative expected return of -0.44%. Please make sure to check out ISU Abxis' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if ISU Abxis performance from the past will be repeated at some future point.
Auto-correlation | -0.48 |
Modest reverse predictability
ISU Abxis Co has modest reverse predictability. Overlapping area represents the amount of predictability between ISU Abxis time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 19th of December 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 ISU Abxis price movement. The serial correlation of -0.48 indicates that about 48.0% of current ISU Abxis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 562.9 K |
ISU Abxis lagged returns against current returns
Autocorrelation, which is ISU Abxis 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 ISU Abxis' stock expected returns. We can calculate the autocorrelation of ISU Abxis returns to help us make a trade decision. For example, suppose you find that ISU Abxis 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 |
ISU Abxis 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 ISU Abxis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISU Abxis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISU Abxis stock over time.
Current vs Lagged Prices |
| Timeline |
ISU Abxis Lagged Returns
When evaluating ISU Abxis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISU Abxis stock have on its future price. ISU Abxis 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, ISU Abxis autocorrelation shows the relationship between ISU Abxis stock current value and its past values and can show if there is a momentum factor associated with investing in ISU Abxis Co.
Regressed Prices |
| Timeline |
Pair Trading with ISU Abxis
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 ISU Abxis 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 ISU Abxis will appreciate offsetting losses from the drop in the long position's value.Moving together with ISU Stock
| 0.7 | 207940 | Samsung Biologics | PairCorr |
| 0.64 | 302440 | SK Bioscience | PairCorr |
| 0.69 | 326030 | Sk Biopharmaceuticals | PairCorr |
| 0.69 | 298380 | ABL Bio | PairCorr |
| 0.96 | 144510 | Green Cross Lab | PairCorr |
Moving against ISU Stock
The ability to find closely correlated positions to ISU Abxis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISU Abxis 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 ISU Abxis - 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 ISU Abxis Co to buy it.
The correlation of ISU Abxis 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 ISU Abxis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ISU Abxis 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 ISU Abxis 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 ISU Stock
ISU Abxis financial ratios help investors to determine whether ISU 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 ISU with respect to the benefits of owning ISU Abxis security.