Nasmedia (Korea) Market Value
| 089600 Stock | KRW 14,470 50.00 0.34% |
| Symbol | Nasmedia |
Nasmedia '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 Nasmedia'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 Nasmedia.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Nasmedia on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Nasmedia Co or generate 0.0% return on investment in Nasmedia over 540 days. Nasmedia is related to or competes with Ni Steel, Eagle Veterinary, Daechang Steel, Netmarble Games, Jeil Steel, AurosTechnology, and Histeel. Nasmedia Inc. is engaged in the online and digital advertising business. More
Nasmedia 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 Nasmedia'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 Nasmedia Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 7.44 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 1.89 |
Nasmedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasmedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasmedia's standard deviation. In reality, there are many statistical measures that can use Nasmedia historical prices to predict the future Nasmedia's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 2.13 |
Nasmedia Backtested Returns
Nasmedia has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Nasmedia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nasmedia's Risk Adjusted Performance of (0.15), mean deviation of 1.06, and Standard Deviation of 1.42 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nasmedia are expected to decrease at a much lower rate. During the bear market, Nasmedia is likely to outperform the market. At this point, Nasmedia has a negative expected return of -0.2%. Please make sure to verify Nasmedia's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Nasmedia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Nasmedia Co has weak reverse predictability. Overlapping area represents the amount of predictability between Nasmedia time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Nasmedia price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Nasmedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 4.8 M |
Nasmedia lagged returns against current returns
Autocorrelation, which is Nasmedia 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 Nasmedia's stock expected returns. We can calculate the autocorrelation of Nasmedia returns to help us make a trade decision. For example, suppose you find that Nasmedia 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 |
Nasmedia 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 Nasmedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasmedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nasmedia stock over time.
Current vs Lagged Prices |
| Timeline |
Nasmedia Lagged Returns
When evaluating Nasmedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasmedia stock have on its future price. Nasmedia 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, Nasmedia autocorrelation shows the relationship between Nasmedia stock current value and its past values and can show if there is a momentum factor associated with investing in Nasmedia Co.
Regressed Prices |
| Timeline |
Pair Trading with Nasmedia
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 Nasmedia 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 Nasmedia will appreciate offsetting losses from the drop in the long position's value.Moving together with Nasmedia Stock
| 0.75 | 034220 | LG Display | PairCorr |
| 0.81 | 005380 | Hyundai Motor | PairCorr |
| 0.69 | 005385 | Hyundai Motor | PairCorr |
| 0.61 | 005387 | Hyundai Motor | PairCorr |
| 0.85 | 089970 | Adaptive Plasma Tech | PairCorr |
Moving against Nasmedia Stock
The ability to find closely correlated positions to Nasmedia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nasmedia 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 Nasmedia - 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 Nasmedia Co to buy it.
The correlation of Nasmedia 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 Nasmedia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nasmedia 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 Nasmedia 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 Nasmedia Stock
Nasmedia financial ratios help investors to determine whether Nasmedia 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 Nasmedia with respect to the benefits of owning Nasmedia security.