NAU IB (Korea) Market Value
| 293580 Stock | KRW 1,350 28.00 2.03% |
| Symbol | NAU |
NAU IB '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 NAU IB'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 NAU IB.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in NAU IB on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding NAU IB Capital or generate 0.0% return on investment in NAU IB over 60 days. NAU IB is related to or competes with Atinum Investment, SBI Investment, Daesung Private, Busan Industrial, UNISEM, Finebesteel, and Shinhan Inverse. Nau Ib Capital, an investment company, provides asset management services in South Korea More
NAU IB 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 NAU IB'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 NAU IB Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.61 | |||
| Information Ratio | 0.0981 | |||
| Maximum Drawdown | 41.82 | |||
| Value At Risk | (6.31) | |||
| Potential Upside | 14.61 |
NAU IB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NAU IB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NAU IB's standard deviation. In reality, there are many statistical measures that can use NAU IB historical prices to predict the future NAU IB's volatility.| Risk Adjusted Performance | 0.0912 | |||
| Jensen Alpha | 0.6271 | |||
| Total Risk Alpha | 0.5232 | |||
| Sortino Ratio | 0.1677 | |||
| Treynor Ratio | (0.75) |
NAU IB Capital Backtested Returns
NAU IB appears to be very steady, given 3 months investment horizon. NAU IB Capital has Sharpe Ratio of 0.11, which conveys that the company had a 0.11% return per unit of standard deviation over the last 3 months. By inspecting NAU IB's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise NAU IB's mean deviation of 3.38, and Downside Deviation of 3.61 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NAU IB holds a performance score of 9. The firm secures a Beta (Market Risk) of -0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NAU IB are expected to decrease at a much lower rate. During the bear market, NAU IB is likely to outperform the market. Please check NAU IB's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether NAU IB's current price movements will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
NAU IB Capital has very good reverse predictability. Overlapping area represents the amount of predictability between NAU IB time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 NAU IB Capital price movement. The serial correlation of -0.7 indicates that around 70.0% of current NAU IB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 20.7 K |
NAU IB Capital lagged returns against current returns
Autocorrelation, which is NAU IB 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 NAU IB's stock expected returns. We can calculate the autocorrelation of NAU IB returns to help us make a trade decision. For example, suppose you find that NAU IB 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 |
NAU IB 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 NAU IB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NAU IB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NAU IB stock over time.
Current vs Lagged Prices |
| Timeline |
NAU IB Lagged Returns
When evaluating NAU IB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NAU IB stock have on its future price. NAU IB 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, NAU IB autocorrelation shows the relationship between NAU IB stock current value and its past values and can show if there is a momentum factor associated with investing in NAU IB Capital.
Regressed Prices |
| Timeline |
Pair Trading with NAU IB
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 NAU IB 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 NAU IB will appreciate offsetting losses from the drop in the long position's value.Moving against NAU Stock
| 0.77 | 055550 | Shinhan Financial | PairCorr |
| 0.65 | 316140 | Woori Financial Group | PairCorr |
| 0.62 | 105560 | KB Financial Group | PairCorr |
| 0.62 | 086790 | Hana Financial | PairCorr |
| 0.49 | 021080 | Atinum Investment | PairCorr |
The ability to find closely correlated positions to NAU IB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NAU IB 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 NAU IB - 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 NAU IB Capital to buy it.
The correlation of NAU IB 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 NAU IB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NAU IB Capital 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 NAU IB 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 NAU Stock
NAU IB financial ratios help investors to determine whether NAU 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 NAU with respect to the benefits of owning NAU IB security.