Nable Communications (Korea) Market Value
| 153460 Stock | KRW 6,960 40.00 0.57% |
| Symbol | Nable |
Nable Communications '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 Nable Communications' 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 Nable Communications.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Nable Communications on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Nable Communications or generate 0.0% return on investment in Nable Communications over 90 days. Nable Communications is related to or competes with Spolytech, Hana Financial, A Tech, Total Soft, KMH Hitech, CU Tech, and Settlebank. Nable Communications, Inc. provides communication solutions in the fields of wiredwireless convergence infrastructure, c... More
Nable Communications 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 Nable Communications' 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 Nable Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.1229 | |||
| Maximum Drawdown | 8.57 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 3.75 |
Nable Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nable Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nable Communications' standard deviation. In reality, there are many statistical measures that can use Nable Communications historical prices to predict the future Nable Communications' volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.2093 | |||
| Total Risk Alpha | 0.3412 | |||
| Sortino Ratio | 0.1289 | |||
| Treynor Ratio | 0.199 |
Nable Communications Backtested Returns
At this point, Nable Communications is very steady. Nable Communications has Sharpe Ratio of 0.0382, which conveys that the firm had a 0.0382 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Nable Communications, which you can use to evaluate the volatility of the firm. Please verify Nable Communications' Mean Deviation of 1.44, risk adjusted performance of 0.0761, and Downside Deviation of 1.82 to check out if the risk estimate we provide is consistent with the expected return of 0.0721%. Nable Communications has a performance score of 3 on a scale of 0 to 100. 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, Nable Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nable Communications is expected to be smaller as well. Nable Communications right now secures a risk of 1.89%. Please verify Nable Communications market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Nable Communications will be following its current price movements.
Auto-correlation | -0.7 |
Very good reverse predictability
Nable Communications has very good reverse predictability. Overlapping area represents the amount of predictability between Nable Communications 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 Nable Communications price movement. The serial correlation of -0.7 indicates that around 70.0% of current Nable Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 23.6 K |
Nable Communications lagged returns against current returns
Autocorrelation, which is Nable Communications 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 Nable Communications' stock expected returns. We can calculate the autocorrelation of Nable Communications returns to help us make a trade decision. For example, suppose you find that Nable Communications 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 |
Nable Communications 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 Nable Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nable Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nable Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Nable Communications Lagged Returns
When evaluating Nable Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nable Communications stock have on its future price. Nable Communications 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, Nable Communications autocorrelation shows the relationship between Nable Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Nable Communications.
Regressed Prices |
| Timeline |
Pair Trading with Nable Communications
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 Nable Communications 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 Nable Communications will appreciate offsetting losses from the drop in the long position's value.Moving against Nable Stock
The ability to find closely correlated positions to Nable Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nable Communications 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 Nable Communications - 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 Nable Communications to buy it.
The correlation of Nable Communications 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 Nable Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nable Communications 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 Nable Communications 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 Nable Stock
Nable Communications financial ratios help investors to determine whether Nable 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 Nable with respect to the benefits of owning Nable Communications security.