Robostar CoLtd (Korea) Market Value

090360 Stock  KRW 19,680  370.00  1.85%   
Robostar CoLtd's market value is the price at which a share of Robostar CoLtd trades on a public exchange. It measures the collective expectations of Robostar CoLtd investors about its performance. Robostar CoLtd is trading at 19680.00 as of the 22nd of December 2024, a 1.85 percent decrease since the beginning of the trading day. The stock's open price was 20050.0.
With this module, you can estimate the performance of a buy and hold strategy of Robostar CoLtd and determine expected loss or profit from investing in Robostar CoLtd over a given investment horizon. Check out Robostar CoLtd Correlation, Robostar CoLtd Volatility and Robostar CoLtd Alpha and Beta module to complement your research on Robostar CoLtd.
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Please note, there is a significant difference between Robostar CoLtd's value and its price as these two are different measures arrived at by different means. Investors typically determine if Robostar CoLtd is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Robostar CoLtd's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Robostar CoLtd '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 Robostar CoLtd'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 Robostar CoLtd.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Robostar CoLtd on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Robostar CoLtd or generate 0.0% return on investment in Robostar CoLtd over 60 days. Robostar CoLtd is related to or competes with Dongsin Engineering, Doosan Fuel, Daishin Balance, Total Soft, AptaBio Therapeutics, ASTORY CoLtd, and Daewoo SBI. Robostar Co., Ltd. manufactures and sells industrial robots, FPD equipment, and IT parts manufacturing and semiconductor... More

Robostar CoLtd 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 Robostar CoLtd'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 Robostar CoLtd upside and downside potential and time the market with a certain degree of confidence.

Robostar CoLtd Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Robostar CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Robostar CoLtd's standard deviation. In reality, there are many statistical measures that can use Robostar CoLtd historical prices to predict the future Robostar CoLtd's volatility.
Hype
Prediction
LowEstimatedHigh
19,67719,68019,683
Details
Intrinsic
Valuation
LowRealHigh
19,21619,21821,648
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Robostar CoLtd. Your research has to be compared to or analyzed against Robostar CoLtd's peers to derive any actionable benefits. When done correctly, Robostar CoLtd's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Robostar CoLtd.

Robostar CoLtd Backtested Returns

Robostar CoLtd maintains Sharpe Ratio (i.e., Efficiency) of -0.0626, which implies the firm had a -0.0626% return per unit of risk over the last 3 months. Robostar CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Robostar CoLtd's Coefficient Of Variation of (1,395), risk adjusted performance of (0.05), and Variance of 7.82 to confirm the risk estimate we provide. The company holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Robostar CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Robostar CoLtd is expected to be smaller as well. At this point, Robostar CoLtd has a negative expected return of -0.18%. Please make sure to check Robostar CoLtd's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Robostar CoLtd performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.29  

Weak reverse predictability

Robostar CoLtd has weak reverse predictability. Overlapping area represents the amount of predictability between Robostar CoLtd time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Robostar CoLtd price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Robostar CoLtd price fluctuation can be explain by its past prices.
Correlation Coefficient-0.29
Spearman Rank Test-0.22
Residual Average0.0
Price Variance2.1 M

Robostar CoLtd lagged returns against current returns

Autocorrelation, which is Robostar CoLtd 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 Robostar CoLtd's stock expected returns. We can calculate the autocorrelation of Robostar CoLtd returns to help us make a trade decision. For example, suppose you find that Robostar CoLtd 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  

Robostar CoLtd 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 Robostar CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Robostar CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Robostar CoLtd stock over time.
   Current vs Lagged Prices   
       Timeline  

Robostar CoLtd Lagged Returns

When evaluating Robostar CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Robostar CoLtd stock have on its future price. Robostar CoLtd 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, Robostar CoLtd autocorrelation shows the relationship between Robostar CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Robostar CoLtd.
   Regressed Prices   
       Timeline  

Pair Trading with Robostar CoLtd

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 Robostar CoLtd 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 Robostar CoLtd will appreciate offsetting losses from the drop in the long position's value.

Moving together with Robostar Stock

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  0.7034730 SK HoldingsPairCorr
  0.71005490 POSCO HoldingsPairCorr

Moving against Robostar Stock

  0.62012330 Hyundai MobisPairCorr
  0.57039240 Gyeongnam SteelPairCorr
  0.53078160 MEDIPOSTPairCorr
  0.46122870 YG EntertainmentPairCorr
  0.45065660 AnterogenCoLtdPairCorr
The ability to find closely correlated positions to Robostar CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Robostar CoLtd 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 Robostar CoLtd - 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 Robostar CoLtd to buy it.
The correlation of Robostar CoLtd 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 Robostar CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Robostar CoLtd 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 Robostar CoLtd 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Robostar Stock

Robostar CoLtd financial ratios help investors to determine whether Robostar 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 Robostar with respect to the benefits of owning Robostar CoLtd security.