Kpx Green Chemical Stock Five Year Return
| 083420 Stock | 6,400 300.00 4.48% |
KPX Green Chemical fundamentals help investors to digest information that contributes to KPX Green's financial success or failures. It also enables traders to predict the movement of KPX Stock. The fundamental analysis module provides a way to measure KPX Green's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to KPX Green stock.
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KPX Green Chemical Company Five Year Return Analysis
KPX Green's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
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Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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According to the company disclosure, KPX Green Chemical has a Five Year Return of 0.0%. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all Republic of Korea stocks average (which is currently at 0.0).
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About KPX Green Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze KPX Green Chemical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of KPX Green using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of KPX Green Chemical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with KPX Green
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 KPX Green 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 KPX Green will appreciate offsetting losses from the drop in the long position's value.Moving together with KPX Stock
| 0.74 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.64 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.82 | 302430 | Innometry | PairCorr |
Moving against KPX Stock
| 0.76 | 122870 | YG Entertainment | PairCorr |
| 0.74 | 041510 | SM Entertainment | PairCorr |
| 0.73 | 003535 | Hanwha InvestmentSecuri | PairCorr |
| 0.72 | 071055 | Korea Investment Holdings | PairCorr |
| 0.7 | 003490 | Korean Air Lines | PairCorr |
The ability to find closely correlated positions to KPX Green could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KPX Green 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 KPX Green - 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 KPX Green Chemical to buy it.
The correlation of KPX Green 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 KPX Green moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KPX Green Chemical 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 KPX Green 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 KPX Stock
KPX Green financial ratios help investors to determine whether KPX 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 KPX with respect to the benefits of owning KPX Green security.