Coloray International (Korea) Market Value
| 900310 Stock | 839.00 26.00 3.01% |
| Symbol | Coloray |
Coloray International '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 Coloray International'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 Coloray International.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Coloray International on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Coloray International Investment or generate 0.0% return on investment in Coloray International over 90 days. Coloray International is related to or competes with MetaLabs, Kyung In, Formetal, Sejong Industrial, Lotte Fine, Miwon Chemical, and Dongkook Industrial. More
Coloray International 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 Coloray International'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 Coloray International Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.2131 | |||
| Maximum Drawdown | 17.64 | |||
| Value At Risk | (4.89) | |||
| Potential Upside | 4.95 |
Coloray International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coloray International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coloray International's standard deviation. In reality, there are many statistical measures that can use Coloray International historical prices to predict the future Coloray International's volatility.| Risk Adjusted Performance | 0.1714 | |||
| Jensen Alpha | 0.5601 | |||
| Total Risk Alpha | 0.8953 | |||
| Sortino Ratio | 0.1814 | |||
| Treynor Ratio | (4.09) |
Coloray International Backtested Returns
Coloray International appears to be very steady, given 3 months investment horizon. Coloray International secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24 % return per unit of risk over the last 3 months. By analyzing Coloray International's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of Coloray International's Risk Adjusted Performance of 0.1714, mean deviation of 2.01, and Downside Deviation of 3.66 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Coloray International holds a performance score of 18. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Coloray International are expected to decrease at a much lower rate. During the bear market, Coloray International is likely to outperform the market. Please check Coloray International's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Coloray International's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
Coloray International Investment has modest predictability. Overlapping area represents the amount of predictability between Coloray International time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Coloray International price movement. The serial correlation of 0.55 indicates that about 55.0% of current Coloray International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2258.97 |
Coloray International lagged returns against current returns
Autocorrelation, which is Coloray International 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 Coloray International's stock expected returns. We can calculate the autocorrelation of Coloray International returns to help us make a trade decision. For example, suppose you find that Coloray International 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 |
Coloray International 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 Coloray International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coloray International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coloray International stock over time.
Current vs Lagged Prices |
| Timeline |
Coloray International Lagged Returns
When evaluating Coloray International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coloray International stock have on its future price. Coloray International 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, Coloray International autocorrelation shows the relationship between Coloray International stock current value and its past values and can show if there is a momentum factor associated with investing in Coloray International Investment.
Regressed Prices |
| Timeline |
Pair Trading with Coloray International
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 Coloray International 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 Coloray International will appreciate offsetting losses from the drop in the long position's value.Moving together with Coloray Stock
Moving against Coloray Stock
| 0.91 | 051915 | LG Chem | PairCorr |
| 0.53 | 002990 | Kumho Ind | PairCorr |
| 0.39 | 267250 | Hyundai Heavy Industries | PairCorr |
| 0.32 | 298000 | Hyosung Chemical Corp | PairCorr |
The ability to find closely correlated positions to Coloray International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coloray International 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 Coloray International - 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 Coloray International Investment to buy it.
The correlation of Coloray International 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 Coloray International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coloray International 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 Coloray International 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 Coloray Stock
Coloray International financial ratios help investors to determine whether Coloray 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 Coloray with respect to the benefits of owning Coloray International security.