ASTORY CoLtd (Korea) Market Value
| 241840 Stock | 8,200 220.00 2.76% |
| Symbol | ASTORY |
ASTORY CoLtd '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 ASTORY CoLtd'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 ASTORY CoLtd.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ASTORY CoLtd on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding ASTORY CoLtd or generate 0.0% return on investment in ASTORY CoLtd over 90 days. ASTORY CoLtd is related to or competes with Haesung Industrial, Seoul Electronics, Kbi Metal, Nable Communications, PJ Metal, Cheryong Industrial, and KT Submarine. More
ASTORY CoLtd 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 ASTORY CoLtd'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 ASTORY CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.0537 | |||
| Maximum Drawdown | 37.7 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 5.17 |
ASTORY CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASTORY CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASTORY CoLtd's standard deviation. In reality, there are many statistical measures that can use ASTORY CoLtd historical prices to predict the future ASTORY CoLtd's volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 0.1035 | |||
| Total Risk Alpha | 0.7605 | |||
| Sortino Ratio | 0.0858 | |||
| Treynor Ratio | (0.34) |
ASTORY CoLtd Backtested Returns
At this point, ASTORY CoLtd is very steady. ASTORY CoLtd secures Sharpe Ratio (or Efficiency) of 0.0268, which signifies that the company had a 0.0268 % return per unit of risk over the last 3 months. We have found thirty technical indicators for ASTORY CoLtd, which you can use to evaluate the volatility of the firm. Please confirm ASTORY CoLtd's mean deviation of 2.68, and Risk Adjusted Performance of 0.0372 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. ASTORY CoLtd has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ASTORY CoLtd are expected to decrease at a much lower rate. During the bear market, ASTORY CoLtd is likely to outperform the market. ASTORY CoLtd currently shows a risk of 4.67%. Please confirm ASTORY CoLtd total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if ASTORY CoLtd will be following its price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
ASTORY CoLtd has very good reverse predictability. Overlapping area represents the amount of predictability between ASTORY CoLtd time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 ASTORY CoLtd price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current ASTORY CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 938.4 K |
ASTORY CoLtd lagged returns against current returns
Autocorrelation, which is ASTORY CoLtd 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 ASTORY CoLtd's stock expected returns. We can calculate the autocorrelation of ASTORY CoLtd returns to help us make a trade decision. For example, suppose you find that ASTORY CoLtd 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 |
ASTORY CoLtd 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 ASTORY CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASTORY CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASTORY CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
ASTORY CoLtd Lagged Returns
When evaluating ASTORY CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASTORY CoLtd stock have on its future price. ASTORY CoLtd 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, ASTORY CoLtd autocorrelation shows the relationship between ASTORY CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in ASTORY CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with ASTORY CoLtd
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 ASTORY CoLtd 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 ASTORY CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with ASTORY Stock
The ability to find closely correlated positions to ASTORY CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASTORY CoLtd 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 ASTORY CoLtd - 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 ASTORY CoLtd to buy it.
The correlation of ASTORY CoLtd 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 ASTORY CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASTORY CoLtd 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 ASTORY CoLtd 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 ASTORY Stock
ASTORY CoLtd financial ratios help investors to determine whether ASTORY 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 ASTORY with respect to the benefits of owning ASTORY CoLtd security.