Korean Reinsurance (Korea) Market Value
| 003690 Stock | 8,130 20.00 0.25% |
| Symbol | Korean |
Korean Reinsurance '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 Korean Reinsurance'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 Korean Reinsurance.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Korean Reinsurance on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Korean Reinsurance Co or generate 0.0% return on investment in Korean Reinsurance over 180 days. Korean Reinsurance is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Korean Reinsurance 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 Korean Reinsurance'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 Korean Reinsurance Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0083 | |||
| Maximum Drawdown | 7.25 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.65 |
Korean Reinsurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korean Reinsurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korean Reinsurance's standard deviation. In reality, there are many statistical measures that can use Korean Reinsurance historical prices to predict the future Korean Reinsurance's volatility.| Risk Adjusted Performance | 0.0808 | |||
| Jensen Alpha | 0.1382 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | 9.47 |
Korean Reinsurance Backtested Returns
Korean Reinsurance appears to be very steady, given 3 months investment horizon. Korean Reinsurance has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Korean Reinsurance, which you can use to evaluate the volatility of the firm. Please exercise Korean Reinsurance's Downside Deviation of 1.26, risk adjusted performance of 0.0808, and Mean Deviation of 1.2 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Korean Reinsurance holds a performance score of 10. The company secures a Beta (Market Risk) of 0.0148, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Korean Reinsurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Korean Reinsurance is expected to be smaller as well. Please check Korean Reinsurance's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Korean Reinsurance's current price movements will revert.
Auto-correlation | 0.74 |
Good predictability
Korean Reinsurance Co has good predictability. Overlapping area represents the amount of predictability between Korean Reinsurance time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Korean Reinsurance price movement. The serial correlation of 0.74 indicates that around 74.0% of current Korean Reinsurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 206.7 K |
Korean Reinsurance lagged returns against current returns
Autocorrelation, which is Korean Reinsurance 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 Korean Reinsurance's stock expected returns. We can calculate the autocorrelation of Korean Reinsurance returns to help us make a trade decision. For example, suppose you find that Korean Reinsurance 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 |
Korean Reinsurance 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 Korean Reinsurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korean Reinsurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korean Reinsurance stock over time.
Current vs Lagged Prices |
| Timeline |
Korean Reinsurance Lagged Returns
When evaluating Korean Reinsurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korean Reinsurance stock have on its future price. Korean Reinsurance 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, Korean Reinsurance autocorrelation shows the relationship between Korean Reinsurance stock current value and its past values and can show if there is a momentum factor associated with investing in Korean Reinsurance Co.
Regressed Prices |
| Timeline |
Pair Trading with Korean Reinsurance
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 Korean Reinsurance 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 Korean Reinsurance will appreciate offsetting losses from the drop in the long position's value.Moving against Korean Stock
| 0.87 | 302430 | Innometry | PairCorr |
| 0.76 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.71 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.7 | 033240 | Jahwa Electron | PairCorr |
| 0.68 | 053080 | Wonbang Tech | PairCorr |
The ability to find closely correlated positions to Korean Reinsurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korean Reinsurance 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 Korean Reinsurance - 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 Korean Reinsurance Co to buy it.
The correlation of Korean Reinsurance 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 Korean Reinsurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korean Reinsurance 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 Korean Reinsurance 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 Korean Stock
Korean Reinsurance financial ratios help investors to determine whether Korean 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 Korean with respect to the benefits of owning Korean Reinsurance security.