Korea Closed Fund Market Value
| KF Fund | USD 20.47 0.23 1.11% |
| Symbol | Korea |
Korea Closed '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 Korea Closed's fund 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 Korea Closed.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Korea Closed on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Korea Closed or generate 0.0% return on investment in Korea Closed over 360 days. Korea Closed is related to or competes with Mexico Equity, Western Asset, New Germany, MFS Charter, MFS Investment, Invesco High, and Eaton Vance. The Korea Fund, Inc. is a closed-ended equity mutual fund launched and managed by Allianz Global Investors U.S More
Korea Closed 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 Korea Closed's fund 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 Korea Closed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 1.28 |
Korea Closed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Closed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Closed's standard deviation. In reality, there are many statistical measures that can use Korea Closed historical prices to predict the future Korea Closed's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.94) |
Korea Closed Backtested Returns
Korea Closed has Sharpe Ratio of -0.2, which conveys that the entity had a -0.2% return per unit of risk over the last 3 months. Korea Closed exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Korea Closed's Standard Deviation of 1.36, risk adjusted performance of (0.17), and Mean Deviation of 0.9902 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Korea Closed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Korea Closed is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Korea Closed has modest reverse predictability. Overlapping area represents the amount of predictability between Korea Closed time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Korea Closed price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Korea Closed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2.62 |
Korea Closed lagged returns against current returns
Autocorrelation, which is Korea Closed fund'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 Korea Closed's fund expected returns. We can calculate the autocorrelation of Korea Closed returns to help us make a trade decision. For example, suppose you find that Korea Closed has exhibited high autocorrelation historically, and you observe that the fund 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 |
Korea Closed 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 Korea Closed fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Closed fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Closed fund over time.
Current vs Lagged Prices |
| Timeline |
Korea Closed Lagged Returns
When evaluating Korea Closed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Closed fund have on its future price. Korea Closed 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, Korea Closed autocorrelation shows the relationship between Korea Closed fund current value and its past values and can show if there is a momentum factor associated with investing in Korea Closed.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Korea Fund
Korea Closed financial ratios help investors to determine whether Korea Fund 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 Korea with respect to the benefits of owning Korea Closed security.
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