Grand Korea (Korea) Market Value
| 114090 Stock | 10,660 110.00 1.02% |
| Symbol | Grand |
Grand Korea '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 Grand Korea'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 Grand Korea.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Grand Korea on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Grand Korea Leisure or generate 0.0% return on investment in Grand Korea over 90 days. Grand Korea is related to or competes with Innowireless, Husteel, GS Retail, Jeil Steel, DB Insurance, Korean Reinsurance, and BGF Retail. More
Grand Korea 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 Grand Korea'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 Grand Korea Leisure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0118 | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.47 |
Grand Korea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grand Korea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grand Korea's standard deviation. In reality, there are many statistical measures that can use Grand Korea historical prices to predict the future Grand Korea's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.0733 | |||
| Treynor Ratio | (0.48) |
Grand Korea Leisure Backtested Returns
Grand Korea Leisure holds Efficiency (Sharpe) Ratio of -0.0493, which attests that the entity had a -0.0493 % return per unit of standard deviation over the last 3 months. Grand Korea Leisure exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grand Korea's risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.47) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grand Korea's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grand Korea is expected to be smaller as well. At this point, Grand Korea Leisure has a negative expected return of -0.0665%. Please make sure to check out Grand Korea's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Grand Korea Leisure performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Grand Korea Leisure has good reverse predictability. Overlapping area represents the amount of predictability between Grand Korea time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Grand Korea Leisure price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Grand Korea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 51.3 K |
Grand Korea Leisure lagged returns against current returns
Autocorrelation, which is Grand Korea 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 Grand Korea's stock expected returns. We can calculate the autocorrelation of Grand Korea returns to help us make a trade decision. For example, suppose you find that Grand Korea 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 |
Grand Korea 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 Grand Korea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grand Korea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grand Korea stock over time.
Current vs Lagged Prices |
| Timeline |
Grand Korea Lagged Returns
When evaluating Grand Korea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grand Korea stock have on its future price. Grand Korea 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, Grand Korea autocorrelation shows the relationship between Grand Korea stock current value and its past values and can show if there is a momentum factor associated with investing in Grand Korea Leisure.
Regressed Prices |
| Timeline |
Pair Trading with Grand Korea
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 Grand Korea 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 Grand Korea will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Grand Korea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grand Korea 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 Grand Korea - 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 Grand Korea Leisure to buy it.
The correlation of Grand Korea 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 Grand Korea moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grand Korea Leisure 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 Grand Korea 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 Grand Stock
Grand Korea financial ratios help investors to determine whether Grand 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 Grand with respect to the benefits of owning Grand Korea security.