Aekyung Industrial (Korea) Market Value
| 018250 Stock | 13,770 260.00 1.85% |
| Symbol | Aekyung |
Aekyung Industrial '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 Aekyung Industrial'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 Aekyung Industrial.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Aekyung Industrial on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Aekyung Industrial Co or generate 0.0% return on investment in Aekyung Industrial over 720 days. Aekyung Industrial is related to or competes with Keyang Electric, Sewoon Medical, Tuksu Engineering, Daedong Metals, and Daewoo Engineering. More
Aekyung Industrial 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 Aekyung Industrial'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 Aekyung Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 10.85 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 3.55 |
Aekyung Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aekyung Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aekyung Industrial's standard deviation. In reality, there are many statistical measures that can use Aekyung Industrial historical prices to predict the future Aekyung Industrial's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 29.02 |
Aekyung Industrial Backtested Returns
Aekyung Industrial secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Aekyung Industrial Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aekyung Industrial's Risk Adjusted Performance of (0.11), mean deviation of 1.66, and Standard Deviation of 2.23 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0119, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aekyung Industrial are expected to decrease at a much lower rate. During the bear market, Aekyung Industrial is likely to outperform the market. At this point, Aekyung Industrial has a negative expected return of -0.36%. Please make sure to confirm Aekyung Industrial's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Aekyung Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Aekyung Industrial Co has modest predictability. Overlapping area represents the amount of predictability between Aekyung Industrial time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Aekyung Industrial price movement. The serial correlation of 0.51 indicates that about 51.0% of current Aekyung Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 5.8 M |
Aekyung Industrial lagged returns against current returns
Autocorrelation, which is Aekyung Industrial 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 Aekyung Industrial's stock expected returns. We can calculate the autocorrelation of Aekyung Industrial returns to help us make a trade decision. For example, suppose you find that Aekyung Industrial 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 |
Aekyung Industrial 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 Aekyung Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aekyung Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aekyung Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Aekyung Industrial Lagged Returns
When evaluating Aekyung Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aekyung Industrial stock have on its future price. Aekyung Industrial 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, Aekyung Industrial autocorrelation shows the relationship between Aekyung Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Aekyung Industrial Co.
Regressed Prices |
| Timeline |
Pair Trading with Aekyung Industrial
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 Aekyung Industrial 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 Aekyung Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Aekyung Stock
| 0.81 | 051900 | LG Household Healthcare | PairCorr |
| 0.82 | 051905 | LG Household Healthcare | PairCorr |
| 0.83 | 090430 | Amorepacific Corp | PairCorr |
| 0.85 | 200130 | Mirae Asset No2 | PairCorr |
Moving against Aekyung Stock
| 0.73 | 032830 | Samsung Life | PairCorr |
| 0.63 | 105560 | KB Financial Group | PairCorr |
| 0.48 | 316140 | Woori Financial Group | PairCorr |
| 0.42 | 222040 | Cosmax Nbt | PairCorr |
The ability to find closely correlated positions to Aekyung Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aekyung Industrial 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 Aekyung Industrial - 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 Aekyung Industrial Co to buy it.
The correlation of Aekyung Industrial 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 Aekyung Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aekyung Industrial 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 Aekyung Industrial 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 Aekyung Stock
Aekyung Industrial financial ratios help investors to determine whether Aekyung 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 Aekyung with respect to the benefits of owning Aekyung Industrial security.