N Citron (Korea) Market Value
| 101400 Stock | KRW 408.00 6.00 1.45% |
| Symbol | 101400 |
N Citron '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 N Citron'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 N Citron.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in N Citron on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding N Citron or generate 0.0% return on investment in N Citron over 30 days. N Citron is related to or competes with Display Tech, Tuksu Engineering, Dongbang Ship, Lotte Chilsung, PlayD Co, Sewoon Medical, and Inzi Display. N Citron, Inc. engages in the manufacture and sale of semiconductor products that process digital audio signals More
N Citron 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 N Citron'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 N Citron upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.15 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 3.37 |
N Citron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for N Citron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N Citron's standard deviation. In reality, there are many statistical measures that can use N Citron historical prices to predict the future N Citron's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.52) |
N Citron Backtested Returns
N Citron retains Efficiency (Sharpe Ratio) of -0.0996, which conveys that the company had a -0.0996% return per unit of risk over the last 3 months. N Citron exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify N Citron's Coefficient Of Variation of (1,012), mean deviation of 1.43, and Market Risk Adjusted Performance of (0.51) to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, N Citron's returns are expected to increase less than the market. However, during the bear market, the loss of holding N Citron is expected to be smaller as well. At this point, N Citron has a negative expected return of -0.2%. Please make sure to verify N Citron's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if N Citron performance from the past will be repeated sooner or later.
Auto-correlation | 0.35 |
Below average predictability
N Citron has below average predictability. Overlapping area represents the amount of predictability between N Citron time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 N Citron price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current N Citron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 73.87 |
N Citron lagged returns against current returns
Autocorrelation, which is N Citron 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 N Citron's stock expected returns. We can calculate the autocorrelation of N Citron returns to help us make a trade decision. For example, suppose you find that N Citron 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 |
N Citron 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 N Citron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N Citron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N Citron stock over time.
Current vs Lagged Prices |
| Timeline |
N Citron Lagged Returns
When evaluating N Citron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N Citron stock have on its future price. N Citron 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, N Citron autocorrelation shows the relationship between N Citron stock current value and its past values and can show if there is a momentum factor associated with investing in N Citron.
Regressed Prices |
| Timeline |
Pair Trading with N Citron
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 N Citron 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 N Citron will appreciate offsetting losses from the drop in the long position's value.Moving together with 101400 Stock
| 0.85 | 005930 | Samsung Electronics | PairCorr |
| 0.83 | 005935 | Samsung Electronics | PairCorr |
| 0.81 | 005380 | Hyundai Motor | PairCorr |
Moving against 101400 Stock
The ability to find closely correlated positions to N Citron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace N Citron 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 N Citron - 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 N Citron to buy it.
The correlation of N Citron 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 N Citron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if N Citron 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 N Citron 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 101400 Stock
N Citron financial ratios help investors to determine whether 101400 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 101400 with respect to the benefits of owning N Citron security.