Adaptive Plasma (Korea) Market Value
| 089970 Stock | 6,590 50.00 0.76% |
| Symbol | Adaptive |
Adaptive Plasma '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 Adaptive Plasma'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 Adaptive Plasma.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Adaptive Plasma on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Adaptive Plasma Technology or generate 0.0% return on investment in Adaptive Plasma over 30 days. Adaptive Plasma is related to or competes with SK Hynix, LX Semicon, Tokai Carbon, People Technology, SIMMTECH, and SS TECH. More
Adaptive Plasma 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 Adaptive Plasma'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 Adaptive Plasma Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 14.25 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 3.85 |
Adaptive Plasma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adaptive Plasma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adaptive Plasma's standard deviation. In reality, there are many statistical measures that can use Adaptive Plasma historical prices to predict the future Adaptive Plasma's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | (2.72) |
Adaptive Plasma Tech Backtested Returns
Adaptive Plasma Tech secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of standard deviation over the last 3 months. Adaptive Plasma Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adaptive Plasma's risk adjusted performance of (0.18), and Mean Deviation of 2.27 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adaptive Plasma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adaptive Plasma is expected to be smaller as well. At this point, Adaptive Plasma Tech has a negative expected return of -0.7%. Please make sure to confirm Adaptive Plasma's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Adaptive Plasma Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Adaptive Plasma Technology has virtually no predictability. Overlapping area represents the amount of predictability between Adaptive Plasma time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Adaptive Plasma Tech price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Adaptive Plasma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 52.6 K |
Adaptive Plasma Tech lagged returns against current returns
Autocorrelation, which is Adaptive Plasma 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 Adaptive Plasma's stock expected returns. We can calculate the autocorrelation of Adaptive Plasma returns to help us make a trade decision. For example, suppose you find that Adaptive Plasma 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 |
Adaptive Plasma 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 Adaptive Plasma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adaptive Plasma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adaptive Plasma stock over time.
Current vs Lagged Prices |
| Timeline |
Adaptive Plasma Lagged Returns
When evaluating Adaptive Plasma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adaptive Plasma stock have on its future price. Adaptive Plasma 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, Adaptive Plasma autocorrelation shows the relationship between Adaptive Plasma stock current value and its past values and can show if there is a momentum factor associated with investing in Adaptive Plasma Technology.
Regressed Prices |
| Timeline |
Pair Trading with Adaptive Plasma
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 Adaptive Plasma 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 Adaptive Plasma will appreciate offsetting losses from the drop in the long position's value.Moving together with Adaptive Stock
| 0.85 | 108320 | LX Semicon | PairCorr |
| 0.94 | 064760 | Tokai Carbon Korea | PairCorr |
| 0.65 | 137400 | People Technology | PairCorr |
| 0.92 | 166090 | Hana Materials | PairCorr |
Moving against Adaptive Stock
The ability to find closely correlated positions to Adaptive Plasma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adaptive Plasma 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 Adaptive Plasma - 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 Adaptive Plasma Technology to buy it.
The correlation of Adaptive Plasma 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 Adaptive Plasma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adaptive Plasma Tech 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 Adaptive Plasma 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 Adaptive Stock
Adaptive Plasma financial ratios help investors to determine whether Adaptive 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 Adaptive with respect to the benefits of owning Adaptive Plasma security.