Weiss Korea's market value is the price at which a share of Weiss Korea trades on a public exchange. It measures the collective expectations of Weiss Korea Opportunity investors about its performance. Weiss Korea is selling for under 135.50 as of the 7th of January 2025; that is 0.37 percent decrease since the beginning of the trading day. The stock's lowest day price was 134.13. With this module, you can estimate the performance of a buy and hold strategy of Weiss Korea Opportunity and determine expected loss or profit from investing in Weiss Korea over a given investment horizon. Check out Weiss Korea Correlation, Weiss Korea Volatility and Weiss Korea Alpha and Beta module to complement your research on Weiss Korea.
Please note, there is a significant difference between Weiss Korea's value and its price as these two are different measures arrived at by different means. Investors typically determine if Weiss Korea is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Weiss Korea's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Weiss Korea '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 Weiss Korea'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 Weiss Korea.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Weiss Korea'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 Weiss Korea Opportunity upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weiss Korea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weiss Korea's standard deviation. In reality, there are many statistical measures that can use Weiss Korea historical prices to predict the future Weiss Korea's volatility.
Weiss Korea Opportunity shows Sharpe Ratio of -0.18, which attests that the company had a -0.18% return per unit of risk over the last 3 months. Weiss Korea Opportunity exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Weiss Korea's Standard Deviation of 1.36, market risk adjusted performance of 6.1, and Mean Deviation of 0.7264 to validate the risk estimate we provide. The firm maintains a market beta of -0.0424, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Weiss Korea are expected to decrease at a much lower rate. During the bear market, Weiss Korea is likely to outperform the market. At this point, Weiss Korea Opportunity has a negative expected return of -0.25%. Please make sure to check out Weiss Korea's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Weiss Korea Opportunity performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.03
Very weak reverse predictability
Weiss Korea Opportunity has very weak reverse predictability. Overlapping area represents the amount of predictability between Weiss Korea time series from 8th of November 2024 to 8th of December 2024 and 8th of December 2024 to 7th of January 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 Weiss Korea Opportunity price movement. The serial correlation of -0.03 indicates that only 3.0% of current Weiss Korea price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.03
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
1.49
Weiss Korea Opportunity lagged returns against current returns
Autocorrelation, which is Weiss Korea 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 Weiss Korea's stock expected returns. We can calculate the autocorrelation of Weiss Korea returns to help us make a trade decision. For example, suppose you find that Weiss Korea 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
Weiss Korea 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 Weiss Korea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weiss Korea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weiss Korea stock over time.
Current vs Lagged Prices
Timeline
Weiss Korea Lagged Returns
When evaluating Weiss Korea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weiss Korea stock have on its future price. Weiss Korea 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, Weiss Korea autocorrelation shows the relationship between Weiss Korea stock current value and its past values and can show if there is a momentum factor associated with investing in Weiss Korea Opportunity.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Weiss Korea's price analysis, check to measure Weiss Korea's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Weiss Korea is operating at the current time. Most of Weiss Korea's value examination focuses on studying past and present price action to predict the probability of Weiss Korea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weiss Korea's price. Additionally, you may evaluate how the addition of Weiss Korea to your portfolios can decrease your overall portfolio volatility.