Microfriend (Korea) Market Value
| 147760 Stock | KRW 3,075 130.00 4.06% |
| Symbol | Microfriend |
Microfriend '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 Microfriend'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 Microfriend.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Microfriend on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Microfriend or generate 0.0% return on investment in Microfriend over 30 days. Microfriend is related to or competes with SK Hynix, LX Semicon, People Technology, SIMMTECH, and SS TECH. Microfriend Inc. produces and sells semiconductor inspection equipment in Korea and internationally More
Microfriend 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 Microfriend'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 Microfriend upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 39.08 | |||
| Value At Risk | (7.31) | |||
| Potential Upside | 11.32 |
Microfriend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Microfriend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Microfriend's standard deviation. In reality, there are many statistical measures that can use Microfriend historical prices to predict the future Microfriend's volatility.| Risk Adjusted Performance | 0.003 | |||
| Jensen Alpha | 0.0222 | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | 0.0914 |
Microfriend Backtested Returns
At this point, Microfriend is very steady. Microfriend has Sharpe Ratio of 0.0039, which conveys that the firm had a 0.0039% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Microfriend, which you can use to evaluate the volatility of the firm. Please verify Microfriend's Risk Adjusted Performance of 0.003, standard deviation of 6.07, and Mean Deviation of 3.43 to check out if the risk estimate we provide is consistent with the expected return of 0.0246%. The company secures a Beta (Market Risk) of -0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Microfriend are expected to decrease at a much lower rate. During the bear market, Microfriend is likely to outperform the market. Microfriend right now secures a risk of 6.34%. Please verify Microfriend standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Microfriend will be following its current price movements.
Auto-correlation | 0.54 |
Modest predictability
Microfriend has modest predictability. Overlapping area represents the amount of predictability between Microfriend time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Microfriend price movement. The serial correlation of 0.54 indicates that about 54.0% of current Microfriend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 18.9 K |
Microfriend lagged returns against current returns
Autocorrelation, which is Microfriend 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 Microfriend's stock expected returns. We can calculate the autocorrelation of Microfriend returns to help us make a trade decision. For example, suppose you find that Microfriend 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 |
Microfriend 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 Microfriend stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Microfriend stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Microfriend stock over time.
Current vs Lagged Prices |
| Timeline |
Microfriend Lagged Returns
When evaluating Microfriend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Microfriend stock have on its future price. Microfriend 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, Microfriend autocorrelation shows the relationship between Microfriend stock current value and its past values and can show if there is a momentum factor associated with investing in Microfriend.
Regressed Prices |
| Timeline |
Pair Trading with Microfriend
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 Microfriend 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 Microfriend will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microfriend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microfriend 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 Microfriend - 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 Microfriend to buy it.
The correlation of Microfriend 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 Microfriend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microfriend 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 Microfriend 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 Microfriend Stock
Microfriend financial ratios help investors to determine whether Microfriend 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 Microfriend with respect to the benefits of owning Microfriend security.