KBSTAR 200TR (Korea) Market Value
| 361580 Etf | 18,360 15.00 0.08% |
| Symbol | KBSTAR |
KBSTAR 200TR '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 KBSTAR 200TR's etf 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 KBSTAR 200TR.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in KBSTAR 200TR on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding KBSTAR 200TR or generate 0.0% return on investment in KBSTAR 200TR over 30 days.
KBSTAR 200TR 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 KBSTAR 200TR's etf 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 KBSTAR 200TR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.89 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 1.61 |
KBSTAR 200TR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KBSTAR 200TR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KBSTAR 200TR's standard deviation. In reality, there are many statistical measures that can use KBSTAR 200TR historical prices to predict the future KBSTAR 200TR's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (1.19) |
KBSTAR 200TR Backtested Returns
KBSTAR 200TR has Sharpe Ratio of -0.11, which conveys that the etf had a -0.11% return per unit of volatility over the last 3 months. KBSTAR 200TR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KBSTAR 200TR's Standard Deviation of 1.13, mean deviation of 0.8044, and Market Risk Adjusted Performance of (1.18) to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KBSTAR 200TR's returns are expected to increase less than the market. However, during the bear market, the loss of holding KBSTAR 200TR is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
KBSTAR 200TR has modest reverse predictability. Overlapping area represents the amount of predictability between KBSTAR 200TR 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 KBSTAR 200TR price movement. The serial correlation of -0.46 indicates that about 46.0% of current KBSTAR 200TR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 90.4 K |
KBSTAR 200TR lagged returns against current returns
Autocorrelation, which is KBSTAR 200TR etf'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 KBSTAR 200TR's etf expected returns. We can calculate the autocorrelation of KBSTAR 200TR returns to help us make a trade decision. For example, suppose you find that KBSTAR 200TR has exhibited high autocorrelation historically, and you observe that the etf 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 |
KBSTAR 200TR 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 KBSTAR 200TR etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KBSTAR 200TR etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KBSTAR 200TR etf over time.
Current vs Lagged Prices |
| Timeline |
KBSTAR 200TR Lagged Returns
When evaluating KBSTAR 200TR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KBSTAR 200TR etf have on its future price. KBSTAR 200TR 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, KBSTAR 200TR autocorrelation shows the relationship between KBSTAR 200TR etf current value and its past values and can show if there is a momentum factor associated with investing in KBSTAR 200TR.
Regressed Prices |
| Timeline |
Pair Trading with KBSTAR 200TR
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 KBSTAR 200TR 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 KBSTAR 200TR will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KBSTAR 200TR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KBSTAR 200TR 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 KBSTAR 200TR - 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 KBSTAR 200TR to buy it.
The correlation of KBSTAR 200TR 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 KBSTAR 200TR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KBSTAR 200TR 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 KBSTAR 200TR 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.