KBSTAR EURO (Korea) Market Value
| 379790 Etf | 15,025 305.00 1.99% |
| Symbol | KBSTAR |
KBSTAR EURO '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 EURO'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 EURO.
| 03/07/2024 |
| 03/02/2025 |
If you would invest 0.00 in KBSTAR EURO on March 7, 2024 and sell it all today you would earn a total of 0.00 from holding KBSTAR EURO STOXX or generate 0.0% return on investment in KBSTAR EURO over 360 days.
KBSTAR EURO 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 EURO'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 EURO STOXX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.2419 | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.54 |
KBSTAR EURO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KBSTAR EURO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KBSTAR EURO's standard deviation. In reality, there are many statistical measures that can use KBSTAR EURO historical prices to predict the future KBSTAR EURO's volatility.| Risk Adjusted Performance | 0.1691 | |||
| Jensen Alpha | 0.1935 | |||
| Total Risk Alpha | 0.2198 | |||
| Sortino Ratio | 0.207 | |||
| Treynor Ratio | 3.0 |
KBSTAR EURO STOXX Backtested Returns
KBSTAR EURO appears to be very steady, given 3 months investment horizon. KBSTAR EURO STOXX has Sharpe Ratio of 0.25, which conveys that the etf had a 0.25 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for KBSTAR EURO, which you can use to evaluate the volatility of the entity. Please exercise KBSTAR EURO's Market Risk Adjusted Performance of 3.01, mean deviation of 0.658, and Downside Deviation of 1.04 to check out if our risk estimates are consistent with your expectations. The entity secures a Beta (Market Risk) of 0.0641, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KBSTAR EURO's returns are expected to increase less than the market. However, during the bear market, the loss of holding KBSTAR EURO is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
KBSTAR EURO STOXX has very good reverse predictability. Overlapping area represents the amount of predictability between KBSTAR EURO time series from 7th of March 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 KBSTAR EURO STOXX price movement. The serial correlation of -0.68 indicates that around 68.0% of current KBSTAR EURO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 383.8 K |
KBSTAR EURO STOXX lagged returns against current returns
Autocorrelation, which is KBSTAR EURO 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 EURO's etf expected returns. We can calculate the autocorrelation of KBSTAR EURO returns to help us make a trade decision. For example, suppose you find that KBSTAR EURO 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 EURO 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 EURO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KBSTAR EURO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KBSTAR EURO etf over time.
Current vs Lagged Prices |
| Timeline |
KBSTAR EURO Lagged Returns
When evaluating KBSTAR EURO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KBSTAR EURO etf have on its future price. KBSTAR EURO 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 EURO autocorrelation shows the relationship between KBSTAR EURO etf current value and its past values and can show if there is a momentum factor associated with investing in KBSTAR EURO STOXX.
Regressed Prices |
| Timeline |
Pair Trading with KBSTAR EURO
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 EURO 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 EURO will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KBSTAR EURO 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 EURO 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 EURO - 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 EURO STOXX to buy it.
The correlation of KBSTAR EURO 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 EURO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KBSTAR EURO STOXX 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 EURO 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.