KTB Investment (Korea) Market Value
| 030210 Stock | 2,605 45.00 1.76% |
| Symbol | KTB |
KTB 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 KTB 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 KTB Investment.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in KTB Investment on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding KTB Investment Securities or generate 0.0% return on investment in KTB Investment over 180 days. KTB Investment is related to or competes with Samsung Electronics, Samsung Electronics, SK Hynix, POSCO Holdings, HMM, Hyundai, and Hyundai. More
KTB 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 KTB 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 KTB Investment Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 8.74 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 1.96 |
KTB Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KTB Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KTB Investment's standard deviation. In reality, there are many statistical measures that can use KTB Investment historical prices to predict the future KTB Investment's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.8217 |
KTB Investment Securities Backtested Returns
KTB Investment Securities retains Efficiency (Sharpe Ratio) of -0.17, which conveys that the firm had a -0.17% return per unit of return volatility over the last 3 months. KTB Investment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KTB Investment's Mean Deviation of 1.04, market risk adjusted performance of 0.8317, and Standard Deviation of 1.5 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KTB Investment are expected to decrease at a much lower rate. During the bear market, KTB Investment is likely to outperform the market. At this point, KTB Investment Securities has a negative expected return of -0.24%. Please make sure to verify KTB Investment's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if KTB Investment Securities performance from the past will be repeated at future time.
Auto-correlation | -0.22 |
Weak reverse predictability
KTB Investment Securities has weak reverse predictability. Overlapping area represents the amount of predictability between KTB Investment time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 KTB Investment Securities price movement. The serial correlation of -0.22 indicates that over 22.0% of current KTB Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 35.7 K |
KTB Investment Securities lagged returns against current returns
Autocorrelation, which is KTB 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 KTB Investment's stock expected returns. We can calculate the autocorrelation of KTB Investment returns to help us make a trade decision. For example, suppose you find that KTB 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 |
KTB 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 KTB Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KTB Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KTB Investment stock over time.
Current vs Lagged Prices |
| Timeline |
KTB Investment Lagged Returns
When evaluating KTB Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KTB Investment stock have on its future price. KTB 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, KTB Investment autocorrelation shows the relationship between KTB Investment stock current value and its past values and can show if there is a momentum factor associated with investing in KTB Investment Securities.
Regressed Prices |
| Timeline |
Pair Trading with KTB 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 KTB 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 KTB Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with KTB Stock
| 0.89 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.66 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.96 | 302430 | Innometry | PairCorr |
The ability to find closely correlated positions to KTB 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 KTB 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 KTB 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 KTB Investment Securities to buy it.
The correlation of KTB 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 KTB Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KTB Investment Securities 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 KTB 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 KTB Stock
KTB Investment financial ratios help investors to determine whether KTB 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 KTB with respect to the benefits of owning KTB Investment security.