Atinum Investment (Korea) Market Value
| 021080 Stock | KRW 2,355 35.00 1.46% |
| Symbol | Atinum |
Atinum Investment '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 Atinum Investment'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 Atinum Investment.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Atinum Investment on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Atinum Investment Co or generate 0.0% return on investment in Atinum Investment over 180 days. Atinum Investment is related to or competes with ENERGYMACHINERY KOREA, Semyung Electric, Tuksu Engineering, Dongbang Ship, SV Investment, BGF Retail, and Camus Engineering. The firm specializing in investments in the information technology and communication, materials for Information technolo... More
Atinum Investment 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 Atinum Investment'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 Atinum Investment Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 13.09 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 4.0 |
Atinum Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atinum Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atinum Investment's standard deviation. In reality, there are many statistical measures that can use Atinum Investment historical prices to predict the future Atinum Investment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.17) |
Atinum Investment Backtested Returns
Atinum Investment secures Sharpe Ratio (or Efficiency) of -0.0154, which signifies that the company had a -0.0154% return per unit of risk over the last 3 months. Atinum Investment Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atinum Investment's Risk Adjusted Performance of (0.01), mean deviation of 1.67, and Standard Deviation of 2.33 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Atinum Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atinum Investment is expected to be smaller as well. At this point, Atinum Investment has a negative expected return of -0.0377%. Please make sure to confirm Atinum Investment's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Atinum Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Atinum Investment Co has good reverse predictability. Overlapping area represents the amount of predictability between Atinum Investment time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Atinum Investment price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Atinum Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 11.4 K |
Atinum Investment lagged returns against current returns
Autocorrelation, which is Atinum Investment 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 Atinum Investment's stock expected returns. We can calculate the autocorrelation of Atinum Investment returns to help us make a trade decision. For example, suppose you find that Atinum Investment 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 |
Atinum Investment 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 Atinum Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atinum Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atinum Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Atinum Investment Lagged Returns
When evaluating Atinum Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atinum Investment stock have on its future price. Atinum Investment 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, Atinum Investment autocorrelation shows the relationship between Atinum Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Atinum Investment Co.
Regressed Prices |
| Timeline |
Pair Trading with Atinum Investment
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 Atinum Investment 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 Atinum Investment will appreciate offsetting losses from the drop in the long position's value.Moving against Atinum Stock
The ability to find closely correlated positions to Atinum Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atinum Investment 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 Atinum Investment - 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 Atinum Investment Co to buy it.
The correlation of Atinum Investment 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 Atinum Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atinum Investment 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 Atinum Investment 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 Atinum Stock
Atinum Investment financial ratios help investors to determine whether Atinum 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 Atinum with respect to the benefits of owning Atinum Investment security.