Inzi Display (Korea) Market Value
| 037330 Stock | KRW 1,389 6.00 0.43% |
| Symbol | Inzi |
Inzi Display '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 Inzi Display'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 Inzi Display.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Inzi Display on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Inzi Display CoLtd or generate 0.0% return on investment in Inzi Display over 30 days. Inzi Display is related to or competes with Daou Data, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. Inzi Display Company Limited, a precision components manufacturing company, produces and sells display components primarily in South Korea. More
Inzi Display 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 Inzi Display'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 Inzi Display CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.07 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 2.9 |
Inzi Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inzi Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inzi Display's standard deviation. In reality, there are many statistical measures that can use Inzi Display historical prices to predict the future Inzi Display's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (34.03) |
Inzi Display CoLtd Backtested Returns
Inzi Display CoLtd holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. Inzi Display CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inzi Display's Risk Adjusted Performance of (0.09), standard deviation of 1.51, and Market Risk Adjusted Performance of (34.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0057, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Inzi Display's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inzi Display is expected to be smaller as well. At this point, Inzi Display CoLtd has a negative expected return of -0.28%. Please make sure to check out Inzi Display's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Inzi Display CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Inzi Display CoLtd has below average predictability. Overlapping area represents the amount of predictability between Inzi Display time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Inzi Display CoLtd price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Inzi Display price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 167.81 |
Inzi Display CoLtd lagged returns against current returns
Autocorrelation, which is Inzi Display 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 Inzi Display's stock expected returns. We can calculate the autocorrelation of Inzi Display returns to help us make a trade decision. For example, suppose you find that Inzi Display 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 |
Inzi Display 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 Inzi Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inzi Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inzi Display stock over time.
Current vs Lagged Prices |
| Timeline |
Inzi Display Lagged Returns
When evaluating Inzi Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inzi Display stock have on its future price. Inzi Display 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, Inzi Display autocorrelation shows the relationship between Inzi Display stock current value and its past values and can show if there is a momentum factor associated with investing in Inzi Display CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Inzi Display
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 Inzi Display 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 Inzi Display will appreciate offsetting losses from the drop in the long position's value.Moving together with Inzi Stock
| 0.86 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.79 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.8 | 012700 | LEADCORP | PairCorr |
| 0.7 | 024910 | Kyung Chang Industrial | PairCorr |
| 0.83 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to Inzi Display could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inzi Display 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 Inzi Display - 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 Inzi Display CoLtd to buy it.
The correlation of Inzi Display 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 Inzi Display moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inzi Display CoLtd 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 Inzi Display 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 Inzi Stock
Inzi Display financial ratios help investors to determine whether Inzi 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 Inzi with respect to the benefits of owning Inzi Display security.