Moadata Co (Korea) Market Value
288980 Stock | 1,313 67.00 4.86% |
Symbol | Moadata |
Moadata 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 Moadata 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 Moadata Co.
10/08/2024 |
| 12/07/2024 |
If you would invest 0.00 in Moadata Co on October 8, 2024 and sell it all today you would earn a total of 0.00 from holding Moadata Co or generate 0.0% return on investment in Moadata Co over 60 days. Moadata Co is related to or competes with Kisan Telecom, Eagle Veterinary, SK Telecom, Wireless Power, Innowireless, Konan Technology, and Orbitech. More
Moadata 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 Moadata 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 Moadata Co upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.09) | |||
Maximum Drawdown | 17.6 | |||
Value At Risk | (3.87) | |||
Potential Upside | 5.2 |
Moadata Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Moadata Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moadata Co's standard deviation. In reality, there are many statistical measures that can use Moadata Co historical prices to predict the future Moadata Co's volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (0.73) | |||
Treynor Ratio | (0.26) |
Moadata Co Backtested Returns
Moadata Co has Sharpe Ratio of -0.0246, which conveys that the firm had a -0.0246% return per unit of risk over the last 3 months. Moadata Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Moadata Co's Mean Deviation of 2.39, standard deviation of 3.16, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Moadata Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding Moadata Co is expected to be smaller as well. At this point, Moadata Co has a negative expected return of -0.0797%. Please make sure to verify Moadata Co's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Moadata Co performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Moadata Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Moadata Co time series from 8th of October 2024 to 7th of November 2024 and 7th of November 2024 to 7th 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 Moadata Co price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Moadata Co price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.14 | |
Spearman Rank Test | -0.3 | |
Residual Average | 0.0 | |
Price Variance | 7352.81 |
Moadata Co lagged returns against current returns
Autocorrelation, which is Moadata 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 Moadata Co's stock expected returns. We can calculate the autocorrelation of Moadata Co returns to help us make a trade decision. For example, suppose you find that Moadata 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 |
Moadata 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 Moadata Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moadata Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moadata Co stock over time.
Current vs Lagged Prices |
Timeline |
Moadata Co Lagged Returns
When evaluating Moadata Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moadata Co stock have on its future price. Moadata 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, Moadata Co autocorrelation shows the relationship between Moadata Co stock current value and its past values and can show if there is a momentum factor associated with investing in Moadata Co.
Regressed Prices |
Timeline |
Pair Trading with Moadata 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 Moadata 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 Moadata Co will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Moadata 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 Moadata 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 Moadata 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 Moadata Co to buy it.
The correlation of Moadata 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 Moadata Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moadata 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 Moadata 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 Moadata Stock
Moadata Co financial ratios help investors to determine whether Moadata 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 Moadata with respect to the benefits of owning Moadata Co security.