NEOWIZ (Korea) Market Value
| 095660 Stock | KRW 21,250 450.00 2.16% |
| Symbol | NEOWIZ |
NEOWIZ '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 NEOWIZ'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 NEOWIZ.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in NEOWIZ on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding NEOWIZ or generate 0.0% return on investment in NEOWIZ over 30 days. NEOWIZ is related to or competes with Com2uS, GAMEVIL, Wemade CoLtd, and Webzen. NEOWIZ develops and publishes games for PCs and mobiles in South Korea More
NEOWIZ 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 NEOWIZ'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 NEOWIZ upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.0863 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.64 |
NEOWIZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEOWIZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEOWIZ's standard deviation. In reality, there are many statistical measures that can use NEOWIZ historical prices to predict the future NEOWIZ's volatility.| Risk Adjusted Performance | 0.0753 | |||
| Jensen Alpha | 0.1703 | |||
| Total Risk Alpha | 0.1581 | |||
| Sortino Ratio | 0.0976 | |||
| Treynor Ratio | 1.02 |
NEOWIZ Backtested Returns
At this point, NEOWIZ is very steady. NEOWIZ has Sharpe Ratio of 0.0941, which conveys that the firm had a 0.0941 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for NEOWIZ, which you can use to evaluate the volatility of the firm. Please verify NEOWIZ's mean deviation of 1.33, and Risk Adjusted Performance of 0.0753 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. NEOWIZ has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NEOWIZ's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEOWIZ is expected to be smaller as well. NEOWIZ currently secures a risk of 1.93%. Please verify NEOWIZ standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if NEOWIZ will be following its current price movements.
Auto-correlation | 0.54 |
Modest predictability
NEOWIZ has modest predictability. Overlapping area represents the amount of predictability between NEOWIZ time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 NEOWIZ price movement. The serial correlation of 0.54 indicates that about 54.0% of current NEOWIZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 464.1 K |
NEOWIZ lagged returns against current returns
Autocorrelation, which is NEOWIZ 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 NEOWIZ's stock expected returns. We can calculate the autocorrelation of NEOWIZ returns to help us make a trade decision. For example, suppose you find that NEOWIZ 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 |
NEOWIZ 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 NEOWIZ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEOWIZ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEOWIZ stock over time.
Current vs Lagged Prices |
| Timeline |
NEOWIZ Lagged Returns
When evaluating NEOWIZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEOWIZ stock have on its future price. NEOWIZ 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, NEOWIZ autocorrelation shows the relationship between NEOWIZ stock current value and its past values and can show if there is a momentum factor associated with investing in NEOWIZ.
Regressed Prices |
| Timeline |
Other Information on Investing in NEOWIZ Stock
NEOWIZ financial ratios help investors to determine whether NEOWIZ 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 NEOWIZ with respect to the benefits of owning NEOWIZ security.