Amicogen (Korea) Market Value
| 092040 Stock | KRW 3,770 165.00 4.58% |
| Symbol | Amicogen |
Amicogen '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 Amicogen'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 Amicogen.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Amicogen on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Amicogen or generate 0.0% return on investment in Amicogen over 30 days. Amicogen is related to or competes with ALTEOGEN, Com2uS, and Paradise. Amicogen, Inc. operates as an industrial biotechnology company in South Korea and internationally More
Amicogen 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 Amicogen'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 Amicogen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 21.44 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 2.89 |
Amicogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amicogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amicogen's standard deviation. In reality, there are many statistical measures that can use Amicogen historical prices to predict the future Amicogen's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 1.36 |
Amicogen Backtested Returns
Amicogen secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Amicogen exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amicogen's Mean Deviation of 2.34, standard deviation of 3.39, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amicogen are expected to decrease at a much lower rate. During the bear market, Amicogen is likely to outperform the market. At this point, Amicogen has a negative expected return of -0.54%. Please make sure to confirm Amicogen's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Amicogen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Amicogen has good predictability. Overlapping area represents the amount of predictability between Amicogen time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Amicogen price movement. The serial correlation of 0.66 indicates that around 66.0% of current Amicogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 14.4 K |
Amicogen lagged returns against current returns
Autocorrelation, which is Amicogen 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 Amicogen's stock expected returns. We can calculate the autocorrelation of Amicogen returns to help us make a trade decision. For example, suppose you find that Amicogen 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 |
Amicogen 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 Amicogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amicogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amicogen stock over time.
Current vs Lagged Prices |
| Timeline |
Amicogen Lagged Returns
When evaluating Amicogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amicogen stock have on its future price. Amicogen 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, Amicogen autocorrelation shows the relationship between Amicogen stock current value and its past values and can show if there is a momentum factor associated with investing in Amicogen.
Regressed Prices |
| Timeline |
Pair Trading with Amicogen
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 Amicogen 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 Amicogen will appreciate offsetting losses from the drop in the long position's value.Moving together with Amicogen Stock
Moving against Amicogen Stock
The ability to find closely correlated positions to Amicogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amicogen 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 Amicogen - 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 Amicogen to buy it.
The correlation of Amicogen 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 Amicogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amicogen 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 Amicogen 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 Amicogen Stock
Amicogen financial ratios help investors to determine whether Amicogen 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 Amicogen with respect to the benefits of owning Amicogen security.