Air Busan (Korea) Market Value
| 298690 Stock | 2,480 15.00 0.61% |
| Symbol | Air |
Air Busan '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 Air Busan'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 Air Busan.
| 10/30/2024 |
| 11/29/2024 |
Air Busan 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 Air Busan'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 Air Busan Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.73 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 3.41 |
Air Busan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Busan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Busan's standard deviation. In reality, there are many statistical measures that can use Air Busan historical prices to predict the future Air Busan's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0397 |
Air Busan Backtested Returns
At this point, Air Busan is very steady. Air Busan secures Sharpe Ratio (or Efficiency) of 0.0214, which signifies that the company had a 0.0214% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Air Busan Co, which you can use to evaluate the volatility of the firm. Please confirm Air Busan's Risk Adjusted Performance of 0.0215, downside deviation of 1.35, and Mean Deviation of 1.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.0317%. Air Busan has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Air Busan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Busan is expected to be smaller as well. Air Busan right now shows a risk of 1.48%. Please confirm Air Busan jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Air Busan will be following its price patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Air Busan Co has modest reverse predictability. Overlapping area represents the amount of predictability between Air Busan time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Air Busan price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Air Busan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 5270.25 |
Air Busan lagged returns against current returns
Autocorrelation, which is Air Busan 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 Air Busan's stock expected returns. We can calculate the autocorrelation of Air Busan returns to help us make a trade decision. For example, suppose you find that Air Busan 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 |
Air Busan 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 Air Busan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Busan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Busan stock over time.
Current vs Lagged Prices |
| Timeline |
Air Busan Lagged Returns
When evaluating Air Busan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Busan stock have on its future price. Air Busan 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, Air Busan autocorrelation shows the relationship between Air Busan stock current value and its past values and can show if there is a momentum factor associated with investing in Air Busan Co.
Regressed Prices |
| Timeline |
Pair Trading with Air Busan
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 Air Busan 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 Air Busan will appreciate offsetting losses from the drop in the long position's value.Moving against Air Stock
The ability to find closely correlated positions to Air Busan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Busan 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 Air Busan - 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 Air Busan Co to buy it.
The correlation of Air Busan 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 Air Busan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Busan 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 Air Busan 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 Air Stock
Air Busan financial ratios help investors to determine whether Air 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 Air with respect to the benefits of owning Air Busan security.