Vieworks (Korea) Market Value
| 100120 Stock | KRW 23,250 650.00 2.88% |
| Symbol | Vieworks |
Vieworks '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 Vieworks' 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 Vieworks.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Vieworks on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Vieworks Co or generate 0.0% return on investment in Vieworks over 90 days. Vieworks is related to or competes with Seegene, Celltrion Pharm, and High Tech. Ltd. designs, develops, manufactures, and sells camera systems and digital imaging systems for digital radiography, digi... More
Vieworks 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 Vieworks' 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 Vieworks Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.1623 | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.63 |
Vieworks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vieworks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vieworks' standard deviation. In reality, there are many statistical measures that can use Vieworks historical prices to predict the future Vieworks' volatility.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | 0.1376 | |||
| Total Risk Alpha | 0.3432 | |||
| Sortino Ratio | 0.1399 | |||
| Treynor Ratio | (1.84) |
Vieworks Backtested Returns
Vieworks appears to be very steady, given 3 months investment horizon. Vieworks owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vieworks Co, which you can use to evaluate the volatility of the company. Please review Vieworks' Risk Adjusted Performance of 0.091, semi deviation of 1.53, and Coefficient Of Variation of 1006.49 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vieworks holds a performance score of 11. The entity has a beta of -0.0796, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vieworks are expected to decrease at a much lower rate. During the bear market, Vieworks is likely to outperform the market. Please check Vieworks' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Vieworks' existing price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Vieworks Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Vieworks time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Vieworks price movement. The serial correlation of -0.02 indicates that only 2.0% of current Vieworks price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 229 K |
Vieworks lagged returns against current returns
Autocorrelation, which is Vieworks 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 Vieworks' stock expected returns. We can calculate the autocorrelation of Vieworks returns to help us make a trade decision. For example, suppose you find that Vieworks 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 |
Vieworks 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 Vieworks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vieworks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vieworks stock over time.
Current vs Lagged Prices |
| Timeline |
Vieworks Lagged Returns
When evaluating Vieworks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vieworks stock have on its future price. Vieworks 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, Vieworks autocorrelation shows the relationship between Vieworks stock current value and its past values and can show if there is a momentum factor associated with investing in Vieworks Co.
Regressed Prices |
| Timeline |
Pair Trading with Vieworks
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 Vieworks 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 Vieworks will appreciate offsetting losses from the drop in the long position's value.Moving together with Vieworks Stock
| 0.64 | 098460 | Koh Young Technology | PairCorr |
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| 0.68 | 021240 | COWAY Co | PairCorr |
Moving against Vieworks Stock
The ability to find closely correlated positions to Vieworks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vieworks 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 Vieworks - 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 Vieworks Co to buy it.
The correlation of Vieworks 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 Vieworks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vieworks 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 Vieworks 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 Vieworks Stock
Vieworks financial ratios help investors to determine whether Vieworks 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 Vieworks with respect to the benefits of owning Vieworks security.