Kolon Life (Korea) Market Value
| 102940 Stock | KRW 36,800 500.00 1.38% |
| Symbol | Kolon |
Kolon Life '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 Kolon Life'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 Kolon Life.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Kolon Life on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Kolon Life Science or generate 0.0% return on investment in Kolon Life over 90 days. Kolon Life is related to or competes with IC Technology, Hana Technology, Vissem Electronics, Korean Reinsurance, Eugene Technology, Wave Electronics, and PJ Electronics. Kolon Life Science Inc. provides biopharmaceuticals, active pharmaceutical ingredients, antimicrobials, and water soluti... More
Kolon Life 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 Kolon Life'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 Kolon Life Science upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.2104 | |||
| Maximum Drawdown | 23.32 | |||
| Value At Risk | (5.81) | |||
| Potential Upside | 10.15 |
Kolon Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kolon Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kolon Life's standard deviation. In reality, there are many statistical measures that can use Kolon Life historical prices to predict the future Kolon Life's volatility.| Risk Adjusted Performance | 0.1691 | |||
| Jensen Alpha | 0.5586 | |||
| Total Risk Alpha | 1.22 | |||
| Sortino Ratio | 0.2588 | |||
| Treynor Ratio | (0.48) |
Kolon Life Science Backtested Returns
Kolon Life appears to be very steady, given 3 months investment horizon. Kolon Life Science has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19 % return per unit of risk over the last 3 months. By analyzing Kolon Life's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please exercise Kolon Life's Risk Adjusted Performance of 0.1691, mean deviation of 2.58, and Downside Deviation of 3.21 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kolon Life holds a performance score of 14. The company secures a Beta (Market Risk) of -1.5, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Kolon Life are expected to decrease by larger amounts. On the other hand, during market turmoil, Kolon Life is expected to outperform it. Please check Kolon Life's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Kolon Life's current price movements will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Kolon Life Science has good reverse predictability. Overlapping area represents the amount of predictability between Kolon Life time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Kolon Life Science price movement. The serial correlation of -0.54 indicates that about 54.0% of current Kolon Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 16.4 M |
Kolon Life Science lagged returns against current returns
Autocorrelation, which is Kolon Life 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 Kolon Life's stock expected returns. We can calculate the autocorrelation of Kolon Life returns to help us make a trade decision. For example, suppose you find that Kolon Life 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 |
Kolon Life 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 Kolon Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kolon Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kolon Life stock over time.
Current vs Lagged Prices |
| Timeline |
Kolon Life Lagged Returns
When evaluating Kolon Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kolon Life stock have on its future price. Kolon Life 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, Kolon Life autocorrelation shows the relationship between Kolon Life stock current value and its past values and can show if there is a momentum factor associated with investing in Kolon Life Science.
Regressed Prices |
| Timeline |
Pair Trading with Kolon Life
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 Kolon Life 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 Kolon Life will appreciate offsetting losses from the drop in the long position's value.Moving against Kolon Stock
| 0.78 | 023910 | Daihan Pharmaceutical | PairCorr |
| 0.62 | 330350 | Withuspharmaceutical | PairCorr |
| 0.53 | 065660 | AnterogenCoLtd | PairCorr |
| 0.48 | 205470 | Humasis | PairCorr |
| 0.45 | 009300 | Sam A Pharm | PairCorr |
The ability to find closely correlated positions to Kolon Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kolon Life 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 Kolon Life - 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 Kolon Life Science to buy it.
The correlation of Kolon Life 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 Kolon Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kolon Life Science 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 Kolon Life 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 Kolon Stock
Kolon Life financial ratios help investors to determine whether Kolon 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 Kolon with respect to the benefits of owning Kolon Life security.