KT (Korea) Market Value

030200 Stock   47,850  800.00  1.64%   
KT's market value is the price at which a share of KT trades on a public exchange. It measures the collective expectations of KT Corporation investors about its performance. KT is trading at 47850.00 as of the 4th of December 2024, a 1.64% down since the beginning of the trading day. The stock's open price was 48650.0.
With this module, you can estimate the performance of a buy and hold strategy of KT Corporation and determine expected loss or profit from investing in KT over a given investment horizon. Check out KT Correlation, KT Volatility and KT Alpha and Beta module to complement your research on KT.
Symbol

Please note, there is a significant difference between KT's value and its price as these two are different measures arrived at by different means. Investors typically determine if KT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

KT '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 KT'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 KT.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in KT on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding KT Corporation or generate 0.0% return on investment in KT over 60 days. KT is related to or competes with Korea Information, Samick Musical, Samji Electronics, Samyoung Electronics, KyungIn Electronics, Shinil Electronics, and Sungwoo Electronics. More

KT 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 KT'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 KT Corporation upside and downside potential and time the market with a certain degree of confidence.

KT Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for KT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KT's standard deviation. In reality, there are many statistical measures that can use KT historical prices to predict the future KT's volatility.
Hype
Prediction
LowEstimatedHigh
47,84847,85047,852
Details
Intrinsic
Valuation
LowRealHigh
43,06556,94256,944
Details
Naive
Forecast
LowNextHigh
52,77652,77852,780
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
43,62046,37849,136
Details

KT Corporation Backtested Returns

KT appears to be very steady, given 3 months investment horizon. KT Corporation retains Efficiency (Sharpe Ratio) of 0.16, which conveys that the firm had a 0.16% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for KT, which you can use to evaluate the volatility of the firm. Please exercise KT's Market Risk Adjusted Performance of 22.87, mean deviation of 1.45, and Standard Deviation of 2.03 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KT holds a performance score of 12. The company owns a Beta (Systematic Risk) of 0.0144, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KT's returns are expected to increase less than the market. However, during the bear market, the loss of holding KT is expected to be smaller as well. Please check KT's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether KT's current price history will revert.

Auto-correlation

    
  0.44  

Average predictability

KT Corporation has average predictability. Overlapping area represents the amount of predictability between KT time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 KT Corporation price movement. The serial correlation of 0.44 indicates that just about 44.0% of current KT price fluctuation can be explain by its past prices.
Correlation Coefficient0.44
Spearman Rank Test0.46
Residual Average0.0
Price VarianceM

KT Corporation lagged returns against current returns

Autocorrelation, which is KT 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 KT's stock expected returns. We can calculate the autocorrelation of KT returns to help us make a trade decision. For example, suppose you find that KT 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  

KT 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 KT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KT stock over time.
   Current vs Lagged Prices   
       Timeline  

KT Lagged Returns

When evaluating KT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KT stock have on its future price. KT 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, KT autocorrelation shows the relationship between KT stock current value and its past values and can show if there is a momentum factor associated with investing in KT Corporation.
   Regressed Prices   
       Timeline  

Pair Trading with KT

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 KT 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 KT will appreciate offsetting losses from the drop in the long position's value.

Moving against KT Stock

  0.73078020 EBEST Investment SecPairCorr
The ability to find closely correlated positions to KT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KT 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 KT - 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 KT Corporation to buy it.
The correlation of KT 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 KT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KT Corporation 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 KT 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.
Pair CorrelationCorrelation Matching

Additional Information and Resources on Investing in KT Stock

When determining whether KT Corporation is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if KT Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Kt Corporation Stock. Highlighted below are key reports to facilitate an investment decision about Kt Corporation Stock:
Check out KT Correlation, KT Volatility and KT Alpha and Beta module to complement your research on KT.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
KT technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of KT technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of KT trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...