Korea Computer (Korea) Market Value
| 115500 Stock | KRW 8,030 160.00 1.95% |
| Symbol | Korea |
Korea Computer '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 Korea Computer'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 Korea Computer.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Korea Computer on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Korea Computer Systems or generate 0.0% return on investment in Korea Computer over 30 days. Korea Computer is related to or competes with SCI Information, INFINITT Healthcare, Moadata, Koryo Credit, Insung Information, and Lotte Data. Korea Computer Systems Inc. engages in the financial IT sector in Korea and internationally More
Korea Computer 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 Korea Computer'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 Korea Computer Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.87 | |||
| Information Ratio | 0.0578 | |||
| Maximum Drawdown | 42.02 | |||
| Value At Risk | (6.36) | |||
| Potential Upside | 8.8 |
Korea Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Computer's standard deviation. In reality, there are many statistical measures that can use Korea Computer historical prices to predict the future Korea Computer's volatility.| Risk Adjusted Performance | 0.0683 | |||
| Jensen Alpha | 0.3501 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0829 | |||
| Treynor Ratio | 0.5891 |
Korea Computer Systems Backtested Returns
Korea Computer appears to be very steady, given 3 months investment horizon. Korea Computer Systems has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Korea Computer's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Korea Computer's Mean Deviation of 3.48, downside deviation of 3.87, and Risk Adjusted Performance of 0.0683 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Korea Computer holds a performance score of 8. The company secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Korea Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Korea Computer is expected to be smaller as well. Please check Korea Computer's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Korea Computer's current price movements will revert.
Auto-correlation | 0.38 |
Below average predictability
Korea Computer Systems has below average predictability. Overlapping area represents the amount of predictability between Korea Computer time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Korea Computer Systems price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Korea Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 104.3 K |
Korea Computer Systems lagged returns against current returns
Autocorrelation, which is Korea Computer 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 Korea Computer's stock expected returns. We can calculate the autocorrelation of Korea Computer returns to help us make a trade decision. For example, suppose you find that Korea Computer 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 |
Korea Computer 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 Korea Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Korea Computer Lagged Returns
When evaluating Korea Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Computer stock have on its future price. Korea Computer 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, Korea Computer autocorrelation shows the relationship between Korea Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Computer Systems.
Regressed Prices |
| Timeline |
Pair Trading with Korea Computer
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 Korea Computer 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 Korea Computer will appreciate offsetting losses from the drop in the long position's value.Moving against Korea Stock
| 0.74 | 234340 | Settlebank | PairCorr |
| 0.65 | 005380 | Hyundai Motor | PairCorr |
| 0.6 | 005930 | Samsung Electronics | PairCorr |
| 0.59 | 005935 | Samsung Electronics | PairCorr |
| 0.54 | 020180 | Daishin Information | PairCorr |
The ability to find closely correlated positions to Korea Computer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Computer 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 Korea Computer - 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 Korea Computer Systems to buy it.
The correlation of Korea Computer 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 Korea Computer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Computer Systems 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 Korea Computer 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 Korea Stock
Korea Computer financial ratios help investors to determine whether Korea 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 Korea with respect to the benefits of owning Korea Computer security.