Genolution (Korea) Market Value
| 225220 Stock | KRW 2,270 90.00 4.13% |
| Symbol | Genolution |
Genolution '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 Genolution'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 Genolution.
| 09/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in Genolution on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Genolution or generate 0.0% return on investment in Genolution over 90 days. Genolution is related to or competes with KNOTUS CoLtd, Bridge Biotherapeutics, AptaBio Therapeutics, Cytogen, WOOJUNG BIO. Genolution Inc. manufactures and sells IVD products in South Korea and internationally More
Genolution 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 Genolution'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 Genolution upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 3.7 |
Genolution Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genolution's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genolution's standard deviation. In reality, there are many statistical measures that can use Genolution historical prices to predict the future Genolution's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 32.78 |
Genolution Backtested Returns
Genolution holds Efficiency (Sharpe) Ratio of -0.23, which attests that the entity had a -0.23% return per unit of risk over the last 3 months. Genolution exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genolution's Standard Deviation of 2.35, risk adjusted performance of (0.16), and Market Risk Adjusted Performance of 32.79 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0157, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Genolution are expected to decrease at a much lower rate. During the bear market, Genolution is likely to outperform the market. At this point, Genolution has a negative expected return of -0.56%. Please make sure to check out Genolution's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Genolution performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Genolution has modest predictability. Overlapping area represents the amount of predictability between Genolution time series from 25th of September 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Genolution price movement. The serial correlation of 0.54 indicates that about 54.0% of current Genolution price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 10.4 K |
Genolution lagged returns against current returns
Autocorrelation, which is Genolution 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 Genolution's stock expected returns. We can calculate the autocorrelation of Genolution returns to help us make a trade decision. For example, suppose you find that Genolution 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 |
Genolution 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 Genolution stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genolution stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genolution stock over time.
Current vs Lagged Prices |
| Timeline |
Genolution Lagged Returns
When evaluating Genolution's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genolution stock have on its future price. Genolution 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, Genolution autocorrelation shows the relationship between Genolution stock current value and its past values and can show if there is a momentum factor associated with investing in Genolution.
Regressed Prices |
| Timeline |
Pair Trading with Genolution
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 Genolution 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 Genolution will appreciate offsetting losses from the drop in the long position's value.Moving together with Genolution Stock
| 0.74 | 278650 | KNOTUS CoLtd | PairCorr |
| 0.67 | 288330 | Bridge Biotherapeutics | PairCorr |
| 0.88 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.62 | 217330 | Cytogen | PairCorr |
Moving against Genolution Stock
| 0.93 | 035420 | Naver | PairCorr |
| 0.85 | 041510 | SM Entertainment | PairCorr |
| 0.8 | 032640 | LG Uplus | PairCorr |
| 0.77 | 078160 | MEDIPOST | PairCorr |
| 0.72 | 011390 | Busan Industrial | PairCorr |
The ability to find closely correlated positions to Genolution could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genolution 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 Genolution - 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 Genolution to buy it.
The correlation of Genolution 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 Genolution moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genolution 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 Genolution 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 Genolution Stock
Genolution financial ratios help investors to determine whether Genolution 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 Genolution with respect to the benefits of owning Genolution security.