Incar Financial (Korea) Market Value
| 211050 Stock | 6,430 20.00 0.31% |
| Symbol | Incar |
Incar Financial '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 Incar Financial'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 Incar Financial.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Incar Financial on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Incar Financial Service or generate 0.0% return on investment in Incar Financial over 60 days. Incar Financial is related to or competes with Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. More
Incar Financial 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 Incar Financial'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 Incar Financial Service upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0936 | |||
| Maximum Drawdown | 16.74 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 5.49 |
Incar Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Incar Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Incar Financial's standard deviation. In reality, there are many statistical measures that can use Incar Financial historical prices to predict the future Incar Financial's volatility.| Risk Adjusted Performance | 0.113 | |||
| Jensen Alpha | 0.4237 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1418 | |||
| Treynor Ratio | (8.66) |
Incar Financial Service Backtested Returns
Incar Financial appears to be very steady, given 3 months investment horizon. Incar Financial Service holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By evaluating Incar Financial's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize Incar Financial's Market Risk Adjusted Performance of (8.65), risk adjusted performance of 0.113, and Downside Deviation of 2.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Incar Financial holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.0482, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Incar Financial are expected to decrease at a much lower rate. During the bear market, Incar Financial is likely to outperform the market. Please check Incar Financial's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Incar Financial's current trending patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Incar Financial Service has poor predictability. Overlapping area represents the amount of predictability between Incar Financial time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 Incar Financial Service price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Incar Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 208.5 K |
Incar Financial Service lagged returns against current returns
Autocorrelation, which is Incar Financial 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 Incar Financial's stock expected returns. We can calculate the autocorrelation of Incar Financial returns to help us make a trade decision. For example, suppose you find that Incar Financial 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 |
Incar Financial 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 Incar Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Incar Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Incar Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Incar Financial Lagged Returns
When evaluating Incar Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Incar Financial stock have on its future price. Incar Financial 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, Incar Financial autocorrelation shows the relationship between Incar Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Incar Financial Service.
Regressed Prices |
| Timeline |
Pair Trading with Incar Financial
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 Incar Financial 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 Incar Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Incar Stock
Moving against Incar Stock
| 0.62 | 005930 | Samsung Electronics | PairCorr |
| 0.59 | 005935 | Samsung Electronics | PairCorr |
| 0.56 | 005380 | Hyundai Motor | PairCorr |
| 0.55 | 005387 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Incar Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Incar Financial 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 Incar Financial - 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 Incar Financial Service to buy it.
The correlation of Incar Financial 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 Incar Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Incar Financial Service 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 Incar Financial 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 Incar Stock
Incar Financial financial ratios help investors to determine whether Incar 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 Incar with respect to the benefits of owning Incar Financial security.