Fantagio Corp (Korea) Market Value
| 032800 Stock | KRW 582.00 12.00 2.11% |
| Symbol | Fantagio |
Fantagio Corp '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 Fantagio Corp'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 Fantagio Corp.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Fantagio Corp on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Fantagio Corp or generate 0.0% return on investment in Fantagio Corp over 720 days. Fantagio Corp is related to or competes with JYP Entertainment, Cube Entertainment, and FNC Entertainment. Fantagio Corp. operates as an integrated entertainment company in Korea More
Fantagio Corp 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 Fantagio Corp'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 Fantagio Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 12.29 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 3.11 |
Fantagio Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fantagio Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fantagio Corp's standard deviation. In reality, there are many statistical measures that can use Fantagio Corp historical prices to predict the future Fantagio Corp's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (4.03) |
Fantagio Corp Backtested Returns
Fantagio Corp secures Sharpe Ratio (or Efficiency) of -0.26, which denotes the company had a -0.26% return per unit of risk over the last 3 months. Fantagio Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fantagio Corp's Mean Deviation of 1.69, variance of 5.43, and Standard Deviation of 2.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Fantagio Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fantagio Corp is expected to be smaller as well. At this point, Fantagio Corp has a negative expected return of -0.64%. Please make sure to confirm Fantagio Corp's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Fantagio Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Fantagio Corp has average predictability. Overlapping area represents the amount of predictability between Fantagio Corp time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Fantagio Corp price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Fantagio Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 84.1 K |
Fantagio Corp lagged returns against current returns
Autocorrelation, which is Fantagio Corp 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 Fantagio Corp's stock expected returns. We can calculate the autocorrelation of Fantagio Corp returns to help us make a trade decision. For example, suppose you find that Fantagio Corp 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 |
Fantagio Corp 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 Fantagio Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fantagio Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fantagio Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Fantagio Corp Lagged Returns
When evaluating Fantagio Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fantagio Corp stock have on its future price. Fantagio Corp 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, Fantagio Corp autocorrelation shows the relationship between Fantagio Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Fantagio Corp.
Regressed Prices |
| Timeline |
Pair Trading with Fantagio Corp
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 Fantagio Corp 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 Fantagio Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Fantagio Stock
The ability to find closely correlated positions to Fantagio Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fantagio Corp 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 Fantagio Corp - 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 Fantagio Corp to buy it.
The correlation of Fantagio Corp 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 Fantagio Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fantagio Corp 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 Fantagio Corp 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 Fantagio Stock
Fantagio Corp financial ratios help investors to determine whether Fantagio 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 Fantagio with respect to the benefits of owning Fantagio Corp security.