Raphas Co (Korea) Market Value
| 214260 Stock | KRW 15,860 300.00 1.86% |
| Symbol | Raphas |
Raphas Co '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 Raphas Co'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 Raphas Co.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Raphas Co on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Raphas Co or generate 0.0% return on investment in Raphas Co over 720 days. Raphas Co is related to or competes with BIT Computer, SV Investment, Digital Power, Nh Investment, and Eugene Investment. Raphas Co., Ltd. provides skin-based drug delivery systems in South Korea, Japan, and China More
Raphas Co 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 Raphas Co'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 Raphas Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 39.33 | |||
| Value At Risk | (7.81) | |||
| Potential Upside | 10.6 |
Raphas Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raphas Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raphas Co's standard deviation. In reality, there are many statistical measures that can use Raphas Co historical prices to predict the future Raphas Co's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.03) |
Raphas Co Backtested Returns
Raphas Co maintains Sharpe Ratio (i.e., Efficiency) of -0.0585, which implies the firm had a -0.0585% return per unit of risk over the last 3 months. Raphas Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Raphas Co's Coefficient Of Variation of (87,415), variance of 40.6, and Risk Adjusted Performance of 0.008 to confirm the risk estimate we provide. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Raphas Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding Raphas Co is expected to be smaller as well. At this point, Raphas Co has a negative expected return of -0.34%. Please make sure to check Raphas Co's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Raphas Co performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Raphas Co has below average predictability. Overlapping area represents the amount of predictability between Raphas Co time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Raphas Co price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Raphas Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 11.9 M |
Raphas Co lagged returns against current returns
Autocorrelation, which is Raphas Co 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 Raphas Co's stock expected returns. We can calculate the autocorrelation of Raphas Co returns to help us make a trade decision. For example, suppose you find that Raphas Co 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 |
Raphas Co 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 Raphas Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raphas Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raphas Co stock over time.
Current vs Lagged Prices |
| Timeline |
Raphas Co Lagged Returns
When evaluating Raphas Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raphas Co stock have on its future price. Raphas Co 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, Raphas Co autocorrelation shows the relationship between Raphas Co stock current value and its past values and can show if there is a momentum factor associated with investing in Raphas Co.
Regressed Prices |
| Timeline |
Pair Trading with Raphas Co
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 Raphas Co 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 Raphas Co will appreciate offsetting losses from the drop in the long position's value.Moving together with Raphas Stock
The ability to find closely correlated positions to Raphas Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Raphas Co 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 Raphas Co - 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 Raphas Co to buy it.
The correlation of Raphas Co 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 Raphas Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Raphas Co 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 Raphas Co 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 Raphas Stock
Raphas Co financial ratios help investors to determine whether Raphas 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 Raphas with respect to the benefits of owning Raphas Co security.