Kolon Plastics (Korea) Market Value
| 138490 Stock | 5,430 150.00 2.84% |
| Symbol | Kolon |
Kolon Plastics '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 Plastics' 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 Plastics.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Kolon Plastics on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Kolon Plastics or generate 0.0% return on investment in Kolon Plastics over 30 days. Kolon Plastics is related to or competes with Playgram, Mgame Corp, Display Tech, Wonil Special, Jeil Steel, SeAH Besteel, and PLAYWITH. More
Kolon Plastics 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 Plastics' 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 Plastics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.63 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 2.84 |
Kolon Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kolon Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kolon Plastics' standard deviation. In reality, there are many statistical measures that can use Kolon Plastics historical prices to predict the future Kolon Plastics' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.617 |
Kolon Plastics Backtested Returns
Kolon Plastics has Sharpe Ratio of -0.0629, which conveys that the firm had a -0.0629% return per unit of risk over the last 3 months. Kolon Plastics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kolon Plastics' Risk Adjusted Performance of (0.04), standard deviation of 2.28, and Mean Deviation of 1.53 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kolon Plastics are expected to decrease at a much lower rate. During the bear market, Kolon Plastics is likely to outperform the market. At this point, Kolon Plastics has a negative expected return of -0.14%. Please make sure to verify Kolon Plastics' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Kolon Plastics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Kolon Plastics has good reverse predictability. Overlapping area represents the amount of predictability between Kolon Plastics time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 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 Plastics price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Kolon Plastics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 16.2 K |
Kolon Plastics lagged returns against current returns
Autocorrelation, which is Kolon Plastics 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 Plastics' stock expected returns. We can calculate the autocorrelation of Kolon Plastics returns to help us make a trade decision. For example, suppose you find that Kolon Plastics 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 Plastics 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 Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kolon Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kolon Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
Kolon Plastics Lagged Returns
When evaluating Kolon Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kolon Plastics stock have on its future price. Kolon Plastics 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 Plastics autocorrelation shows the relationship between Kolon Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in Kolon Plastics.
Regressed Prices |
| Timeline |
Pair Trading with Kolon Plastics
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 Plastics 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 Plastics will appreciate offsetting losses from the drop in the long position's value.Moving together with Kolon Stock
The ability to find closely correlated positions to Kolon Plastics 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 Plastics 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 Plastics - 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 Plastics to buy it.
The correlation of Kolon Plastics 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 Plastics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kolon Plastics 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 Plastics 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 Plastics 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 Plastics security.