Aju IB (Korea) Market Value
| 027360 Stock | 2,810 205.00 7.87% |
| Symbol | Aju |
Aju IB '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 Aju IB'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 Aju IB.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Aju IB on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aju IB Investment or generate 0.0% return on investment in Aju IB over 30 days. Aju IB is related to or competes with Atinum Investment, SBI Investment, Daesung Private, Busan Industrial, AhnLab, Finebesteel, and Shinhan Inverse. More
Aju IB 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 Aju IB'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 Aju IB Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.0659 | |||
| Maximum Drawdown | 39.39 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.56 |
Aju IB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aju IB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aju IB's standard deviation. In reality, there are many statistical measures that can use Aju IB historical prices to predict the future Aju IB's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.5362 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.1266 | |||
| Treynor Ratio | (2.64) |
Aju IB Investment Backtested Returns
Aju IB appears to be very steady, given 3 months investment horizon. Aju IB Investment secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. By analyzing Aju IB's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of Aju IB's Mean Deviation of 2.7, downside deviation of 3.03, and Risk Adjusted Performance of 0.0771 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aju IB holds a performance score of 8. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aju IB are expected to decrease at a much lower rate. During the bear market, Aju IB is likely to outperform the market. Please check Aju IB's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Aju IB's price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Aju IB Investment has very weak reverse predictability. Overlapping area represents the amount of predictability between Aju IB time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Aju IB Investment price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Aju IB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 30 K |
Aju IB Investment lagged returns against current returns
Autocorrelation, which is Aju IB 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 Aju IB's stock expected returns. We can calculate the autocorrelation of Aju IB returns to help us make a trade decision. For example, suppose you find that Aju IB 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 |
Aju IB 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 Aju IB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aju IB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aju IB stock over time.
Current vs Lagged Prices |
| Timeline |
Aju IB Lagged Returns
When evaluating Aju IB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aju IB stock have on its future price. Aju IB 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, Aju IB autocorrelation shows the relationship between Aju IB stock current value and its past values and can show if there is a momentum factor associated with investing in Aju IB Investment.
Regressed Prices |
| Timeline |
Pair Trading with Aju IB
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 Aju IB 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 Aju IB will appreciate offsetting losses from the drop in the long position's value.Moving against Aju Stock
| 0.73 | 289080 | SV Investment | PairCorr |
| 0.73 | 277070 | Lindeman Asia Investment | PairCorr |
| 0.67 | 078020 | EBEST Investment Sec | PairCorr |
| 0.65 | 069920 | ISE Commerce | PairCorr |
| 0.65 | 293580 | NAU IB Capital | PairCorr |
The ability to find closely correlated positions to Aju IB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aju IB 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 Aju IB - 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 Aju IB Investment to buy it.
The correlation of Aju IB 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 Aju IB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aju IB 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 Aju IB 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 Aju Stock
Aju IB financial ratios help investors to determine whether Aju 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 Aju with respect to the benefits of owning Aju IB security.