Paradise (Korea) Market Value
| 034230 Stock | KRW 10,460 180.00 1.75% |
| Symbol | Paradise |
Paradise '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 Paradise'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 Paradise.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Paradise on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Paradise Co or generate 0.0% return on investment in Paradise over 30 days. Paradise is related to or competes with CJ ENM. Paradise Co., Ltd. engages in resort, hotel, game, travel, and leisure businesses in South Korea More
Paradise 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 Paradise'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 Paradise Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 11.19 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.88 |
Paradise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paradise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paradise's standard deviation. In reality, there are many statistical measures that can use Paradise historical prices to predict the future Paradise's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.3007 |
Paradise Backtested Returns
Paradise maintains Sharpe Ratio (i.e., Efficiency) of -0.0895, which implies the firm had a -0.0895% return per unit of risk over the last 3 months. Paradise exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paradise's Coefficient Of Variation of (2,640), risk adjusted performance of (0.02), and Variance of 3.53 to confirm the risk estimate we provide. The company holds a Beta of -0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Paradise are expected to decrease at a much lower rate. During the bear market, Paradise is likely to outperform the market. At this point, Paradise has a negative expected return of -0.17%. Please make sure to check Paradise's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Paradise performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Paradise Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Paradise time series from 4th of November 2024 to 19th of November 2024 and 19th 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 Paradise price movement. The serial correlation of -0.72 indicates that around 72.0% of current Paradise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 78.3 K |
Paradise lagged returns against current returns
Autocorrelation, which is Paradise 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 Paradise's stock expected returns. We can calculate the autocorrelation of Paradise returns to help us make a trade decision. For example, suppose you find that Paradise 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 |
Paradise 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 Paradise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paradise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paradise stock over time.
Current vs Lagged Prices |
| Timeline |
Paradise Lagged Returns
When evaluating Paradise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paradise stock have on its future price. Paradise 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, Paradise autocorrelation shows the relationship between Paradise stock current value and its past values and can show if there is a momentum factor associated with investing in Paradise Co.
Regressed Prices |
| Timeline |
Other Information on Investing in Paradise Stock
Paradise financial ratios help investors to determine whether Paradise 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 Paradise with respect to the benefits of owning Paradise security.