Ewon Comfortech (Korea) Market Value
| 088290 Stock | KRW 1,380 30.00 2.13% |
| Symbol | Ewon |
Ewon Comfortech '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 Ewon Comfortech'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 Ewon Comfortech.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Ewon Comfortech on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ewon Comfortech Co or generate 0.0% return on investment in Ewon Comfortech over 90 days. Ewon Comfortech is related to or competes with Formetal, Alton Sports, Seoyon Topmetal, Kisan Telecom, Daishin Information, PJ Metal, and Nable Communications. Ewon Comfortech Co., Ltd. manufactures and sells commercial vehicle seats in Korea More
Ewon Comfortech 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 Ewon Comfortech'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 Ewon Comfortech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.219 | |||
| Maximum Drawdown | 14.27 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 6.26 |
Ewon Comfortech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ewon Comfortech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ewon Comfortech's standard deviation. In reality, there are many statistical measures that can use Ewon Comfortech historical prices to predict the future Ewon Comfortech's volatility.| Risk Adjusted Performance | 0.1713 | |||
| Jensen Alpha | 0.5845 | |||
| Total Risk Alpha | 1.0 | |||
| Sortino Ratio | 0.2691 | |||
| Treynor Ratio | (4.38) |
Ewon Comfortech Backtested Returns
Ewon Comfortech appears to be very steady, given 3 months investment horizon. Ewon Comfortech secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2 % return per unit of risk over the last 3 months. By reviewing Ewon Comfortech's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Ewon Comfortech's Coefficient Of Variation of 530.85, mean deviation of 2.23, and Downside Deviation of 2.63 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ewon Comfortech holds a performance score of 15. The firm shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ewon Comfortech are expected to decrease at a much lower rate. During the bear market, Ewon Comfortech is likely to outperform the market. Please check Ewon Comfortech's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Ewon Comfortech's price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Ewon Comfortech Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Ewon Comfortech time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Ewon Comfortech price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Ewon Comfortech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 11 K |
Ewon Comfortech lagged returns against current returns
Autocorrelation, which is Ewon Comfortech 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 Ewon Comfortech's stock expected returns. We can calculate the autocorrelation of Ewon Comfortech returns to help us make a trade decision. For example, suppose you find that Ewon Comfortech 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 |
Ewon Comfortech 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 Ewon Comfortech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ewon Comfortech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ewon Comfortech stock over time.
Current vs Lagged Prices |
| Timeline |
Ewon Comfortech Lagged Returns
When evaluating Ewon Comfortech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ewon Comfortech stock have on its future price. Ewon Comfortech 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, Ewon Comfortech autocorrelation shows the relationship between Ewon Comfortech stock current value and its past values and can show if there is a momentum factor associated with investing in Ewon Comfortech Co.
Regressed Prices |
| Timeline |
Pair Trading with Ewon Comfortech
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 Ewon Comfortech 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 Ewon Comfortech will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ewon Comfortech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ewon Comfortech 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 Ewon Comfortech - 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 Ewon Comfortech Co to buy it.
The correlation of Ewon Comfortech 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 Ewon Comfortech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ewon Comfortech 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 Ewon Comfortech 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 Ewon Stock
Ewon Comfortech financial ratios help investors to determine whether Ewon 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 Ewon with respect to the benefits of owning Ewon Comfortech security.