Nobland International (Korea) Market Value
| 145170 Stock | 7,480 50.00 0.66% |
| Symbol | Nobland |
Nobland International '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 Nobland International'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 Nobland International.
| 02/11/2023 |
| 01/01/2025 |
If you would invest 0.00 in Nobland International on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Nobland International or generate 0.0% return on investment in Nobland International over 690 days.
Nobland International 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 Nobland International'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 Nobland International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.0238 | |||
| Maximum Drawdown | 41.11 | |||
| Value At Risk | (5.24) | |||
| Potential Upside | 9.93 |
Nobland International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nobland International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nobland International's standard deviation. In reality, there are many statistical measures that can use Nobland International historical prices to predict the future Nobland International's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.1375 | |||
| Total Risk Alpha | 0.1315 | |||
| Sortino Ratio | 0.0356 | |||
| Treynor Ratio | (0.69) |
Nobland International Backtested Returns
Nobland International appears to be very steady, given 3 months investment horizon. Nobland International has Sharpe Ratio of 0.038, which conveys that the firm had a 0.038% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nobland International, which you can use to evaluate the volatility of the firm. Please exercise Nobland International's Risk Adjusted Performance of 0.0293, mean deviation of 3.58, and Downside Deviation of 3.84 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nobland International holds a performance score of 2. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nobland International are expected to decrease at a much lower rate. During the bear market, Nobland International is likely to outperform the market. Please check Nobland International's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Nobland International's current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Nobland International has no correlation between past and present. Overlapping area represents the amount of predictability between Nobland International time series from 11th of February 2023 to 22nd of January 2024 and 22nd of January 2024 to 1st 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 Nobland International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nobland International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nobland International lagged returns against current returns
Autocorrelation, which is Nobland International 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 Nobland International's stock expected returns. We can calculate the autocorrelation of Nobland International returns to help us make a trade decision. For example, suppose you find that Nobland International 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 |
Nobland International 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 Nobland International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nobland International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nobland International stock over time.
Current vs Lagged Prices |
| Timeline |
Nobland International Lagged Returns
When evaluating Nobland International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nobland International stock have on its future price. Nobland International 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, Nobland International autocorrelation shows the relationship between Nobland International stock current value and its past values and can show if there is a momentum factor associated with investing in Nobland International.
Regressed Prices |
| Timeline |
Pair Trading with Nobland International
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 Nobland International 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 Nobland International will appreciate offsetting losses from the drop in the long position's value.Moving against Nobland Stock
| 0.78 | 000660 | SK Hynix | PairCorr |
| 0.57 | 006400 | Samsung SDI | PairCorr |
| 0.54 | 207940 | Samsung Biologics | PairCorr |
| 0.52 | 051915 | LG Chem | PairCorr |
| 0.48 | 051910 | LG Chemicals | PairCorr |
The ability to find closely correlated positions to Nobland International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nobland International 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 Nobland International - 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 Nobland International to buy it.
The correlation of Nobland International 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 Nobland International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nobland International 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 Nobland International 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.