Taegu Broadcasting (Korea) Market Value
| 033830 Stock | KRW 802.00 6.00 0.74% |
| Symbol | Taegu |
Taegu Broadcasting '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 Taegu Broadcasting'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 Taegu Broadcasting.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Taegu Broadcasting on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Taegu Broadcasting or generate 0.0% return on investment in Taegu Broadcasting over 720 days. Taegu Broadcasting is related to or competes with Korea New, ICD, DYPNF CoLtd, Busan Industrial, UNISEM, Finebesteel, and Shinhan Inverse. Taegu Broadcasting Corporation engages in the provision of television broadcasting services in South Korea More
Taegu Broadcasting 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 Taegu Broadcasting'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 Taegu Broadcasting upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.96 |
Taegu Broadcasting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taegu Broadcasting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taegu Broadcasting's standard deviation. In reality, there are many statistical measures that can use Taegu Broadcasting historical prices to predict the future Taegu Broadcasting's volatility.| Risk Adjusted Performance | 0.0569 | |||
| Jensen Alpha | 0.1047 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.05) |
Taegu Broadcasting Backtested Returns
Taegu Broadcasting appears to be very steady, given 3 months investment horizon. Taegu Broadcasting owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Taegu Broadcasting, which you can use to evaluate the volatility of the company. Please review Taegu Broadcasting's Risk Adjusted Performance of 0.0569, coefficient of variation of 1473.92, and Semi Deviation of 1.13 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taegu Broadcasting holds a performance score of 10. The entity has a beta of -0.0908, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taegu Broadcasting are expected to decrease at a much lower rate. During the bear market, Taegu Broadcasting is likely to outperform the market. Please check Taegu Broadcasting's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Taegu Broadcasting's existing price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Taegu Broadcasting has very good predictability. Overlapping area represents the amount of predictability between Taegu Broadcasting time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 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 Taegu Broadcasting price movement. The serial correlation of 0.81 indicates that around 81.0% of current Taegu Broadcasting price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 6301.73 |
Taegu Broadcasting lagged returns against current returns
Autocorrelation, which is Taegu Broadcasting 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 Taegu Broadcasting's stock expected returns. We can calculate the autocorrelation of Taegu Broadcasting returns to help us make a trade decision. For example, suppose you find that Taegu Broadcasting 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 |
Taegu Broadcasting 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 Taegu Broadcasting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taegu Broadcasting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taegu Broadcasting stock over time.
Current vs Lagged Prices |
| Timeline |
Taegu Broadcasting Lagged Returns
When evaluating Taegu Broadcasting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taegu Broadcasting stock have on its future price. Taegu Broadcasting 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, Taegu Broadcasting autocorrelation shows the relationship between Taegu Broadcasting stock current value and its past values and can show if there is a momentum factor associated with investing in Taegu Broadcasting.
Regressed Prices |
| Timeline |
Pair Trading with Taegu Broadcasting
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 Taegu Broadcasting 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 Taegu Broadcasting will appreciate offsetting losses from the drop in the long position's value.Moving against Taegu Stock
The ability to find closely correlated positions to Taegu Broadcasting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taegu Broadcasting 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 Taegu Broadcasting - 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 Taegu Broadcasting to buy it.
The correlation of Taegu Broadcasting 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 Taegu Broadcasting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taegu Broadcasting 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 Taegu Broadcasting 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 Taegu Stock
Taegu Broadcasting financial ratios help investors to determine whether Taegu 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 Taegu with respect to the benefits of owning Taegu Broadcasting security.