Korea Ratings (Korea) Market Value
| 034950 Stock | KRW 88,000 100.00 0.11% |
| Symbol | Korea |
Korea Ratings '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 Korea Ratings' 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 Korea Ratings.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Korea Ratings on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Korea Ratings Co or generate 0.0% return on investment in Korea Ratings over 540 days. Korea Ratings is related to or competes with Histeel, Nice Information, Ssangyong Information, Lotte Data, Korea Information, and Husteel. Korea Ratings Co., Ltd. offer credit rating and business valuation services in South Korea. More
Korea Ratings 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 Korea Ratings' 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 Korea Ratings Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6713 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.82 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.07 |
Korea Ratings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Ratings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Ratings' standard deviation. In reality, there are many statistical measures that can use Korea Ratings historical prices to predict the future Korea Ratings' volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.20) |
Korea Ratings Backtested Returns
At this point, Korea Ratings is very steady. Korea Ratings has Sharpe Ratio of 0.0952, which conveys that the firm had a 0.0952% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Korea Ratings, which you can use to evaluate the volatility of the firm. Please verify Korea Ratings' Risk Adjusted Performance of 0.0211, mean deviation of 0.4321, and Downside Deviation of 0.6713 to check out if the risk estimate we provide is consistent with the expected return of 0.0587%. Korea Ratings has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0468, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Korea Ratings are expected to decrease at a much lower rate. During the bear market, Korea Ratings is likely to outperform the market. Korea Ratings right now secures a risk of 0.62%. Please verify Korea Ratings Co jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Korea Ratings Co will be following its current price movements.
Auto-correlation | 0.28 |
Poor predictability
Korea Ratings Co has poor predictability. Overlapping area represents the amount of predictability between Korea Ratings time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Korea Ratings price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Korea Ratings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 4.2 M |
Korea Ratings lagged returns against current returns
Autocorrelation, which is Korea Ratings 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 Korea Ratings' stock expected returns. We can calculate the autocorrelation of Korea Ratings returns to help us make a trade decision. For example, suppose you find that Korea Ratings 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 |
Korea Ratings 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 Korea Ratings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Ratings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Ratings stock over time.
Current vs Lagged Prices |
| Timeline |
Korea Ratings Lagged Returns
When evaluating Korea Ratings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Ratings stock have on its future price. Korea Ratings 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, Korea Ratings autocorrelation shows the relationship between Korea Ratings stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Ratings Co.
Regressed Prices |
| Timeline |
Pair Trading with Korea Ratings
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 Korea Ratings 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 Korea Ratings will appreciate offsetting losses from the drop in the long position's value.Moving against Korea Stock
| 0.6 | 006400 | Samsung SDI | PairCorr |
| 0.54 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.53 | 207940 | Samsung Biologics | PairCorr |
| 0.53 | 051910 | LG Chemicals | PairCorr |
| 0.52 | 302430 | Innometry | PairCorr |
The ability to find closely correlated positions to Korea Ratings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Ratings 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 Korea Ratings - 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 Korea Ratings Co to buy it.
The correlation of Korea Ratings 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 Korea Ratings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Ratings 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 Korea Ratings 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 Korea Stock
Korea Ratings financial ratios help investors to determine whether Korea 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 Korea with respect to the benefits of owning Korea Ratings security.