Wave Electronics (Korea) Market Value
| 095270 Stock | KRW 4,335 65.00 1.52% |
| Symbol | Wave |
Wave Electronics '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 Wave Electronics' 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 Wave Electronics.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Wave Electronics on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Wave Electronics Co or generate 0.0% return on investment in Wave Electronics over 90 days. Wave Electronics is related to or competes with KT Submarine, Iljin Display, Shinhan Financial, Settlebank, Miwon Chemicals, Dongbu Insurance, and DB Insurance. Wave Electronics Co., Ltd. manufactures and sells products for wireless telecommunications, defense, and display busines... More
Wave Electronics 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 Wave Electronics' 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 Wave Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.1053 | |||
| Maximum Drawdown | 17.08 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 5.17 |
Wave Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wave Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wave Electronics' standard deviation. In reality, there are many statistical measures that can use Wave Electronics historical prices to predict the future Wave Electronics' volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | 0.2182 | |||
| Total Risk Alpha | 0.5896 | |||
| Sortino Ratio | 0.1348 | |||
| Treynor Ratio | 2.84 |
Wave Electronics Backtested Returns
Wave Electronics appears to be very steady, given 3 months investment horizon. Wave Electronics shows Sharpe Ratio of 0.0825, which attests that the company had a 0.0825 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Wave Electronics, which you can use to evaluate the volatility of the company. Please utilize Wave Electronics' Downside Deviation of 2.37, mean deviation of 2.1, and Market Risk Adjusted Performance of 2.85 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wave Electronics holds a performance score of 6. The firm maintains a market beta of 0.0741, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wave Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wave Electronics is expected to be smaller as well. Please check Wave Electronics' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Wave Electronics' historical returns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Wave Electronics Co has poor reverse predictability. Overlapping area represents the amount of predictability between Wave Electronics time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Wave Electronics price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Wave Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 79.5 K |
Wave Electronics lagged returns against current returns
Autocorrelation, which is Wave Electronics 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 Wave Electronics' stock expected returns. We can calculate the autocorrelation of Wave Electronics returns to help us make a trade decision. For example, suppose you find that Wave Electronics 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 |
Wave Electronics 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 Wave Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wave Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wave Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Wave Electronics Lagged Returns
When evaluating Wave Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wave Electronics stock have on its future price. Wave Electronics 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, Wave Electronics autocorrelation shows the relationship between Wave Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Wave Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Wave Electronics
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 Wave Electronics 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 Wave Electronics will appreciate offsetting losses from the drop in the long position's value.Moving against Wave Stock
| 0.68 | 055550 | Shinhan Financial | PairCorr |
| 0.57 | 105560 | KB Financial Group | PairCorr |
| 0.5 | 032830 | Samsung Life | PairCorr |
| 0.33 | 005380 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Wave Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wave Electronics 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 Wave Electronics - 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 Wave Electronics Co to buy it.
The correlation of Wave Electronics 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 Wave Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wave Electronics 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 Wave Electronics 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 Wave Stock
Wave Electronics financial ratios help investors to determine whether Wave 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 Wave with respect to the benefits of owning Wave Electronics security.