Aurora World (Korea) Market Value
| 039830 Stock | KRW 6,100 20.00 0.33% |
| Symbol | Aurora |
Aurora World '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 Aurora World'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 Aurora World.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Aurora World on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Aurora World or generate 0.0% return on investment in Aurora World over 60 days. Aurora World is related to or competes with Woori Technology, Samsung Card, Korea Real, CHOROKBAEM COMPANY, and IQuest Co. Aurora World Corporation operates as a character and contents company worldwide More
Aurora World 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 Aurora World'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 Aurora World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.1107 | |||
| Maximum Drawdown | 13.61 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.59 |
Aurora World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora World's standard deviation. In reality, there are many statistical measures that can use Aurora World historical prices to predict the future Aurora World's volatility.| Risk Adjusted Performance | 0.1073 | |||
| Jensen Alpha | 0.2227 | |||
| Total Risk Alpha | 0.174 | |||
| Sortino Ratio | 0.1125 | |||
| Treynor Ratio | 1.85 |
Aurora World Backtested Returns
Aurora World appears to be very steady, given 3 months investment horizon. Aurora World secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aurora World, which you can use to evaluate the volatility of the firm. Please makes use of Aurora World's Downside Deviation of 1.81, risk adjusted performance of 0.1073, and Mean Deviation of 1.16 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aurora World holds a performance score of 10. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aurora World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aurora World is expected to be smaller as well. Please check Aurora World's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Aurora World's price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Aurora World has weak reverse predictability. Overlapping area represents the amount of predictability between Aurora World time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Aurora World price movement. The serial correlation of -0.22 indicates that over 22.0% of current Aurora World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 9161.16 |
Aurora World lagged returns against current returns
Autocorrelation, which is Aurora World 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 Aurora World's stock expected returns. We can calculate the autocorrelation of Aurora World returns to help us make a trade decision. For example, suppose you find that Aurora World 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 |
Aurora World 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 Aurora World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora World stock over time.
Current vs Lagged Prices |
| Timeline |
Aurora World Lagged Returns
When evaluating Aurora World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora World stock have on its future price. Aurora World 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, Aurora World autocorrelation shows the relationship between Aurora World stock current value and its past values and can show if there is a momentum factor associated with investing in Aurora World.
Regressed Prices |
| Timeline |
Pair Trading with Aurora World
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 Aurora World 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 Aurora World will appreciate offsetting losses from the drop in the long position's value.Moving against Aurora Stock
| 0.61 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.51 | 217330 | Cytogen | PairCorr |
| 0.46 | 036030 | KT Hitel | PairCorr |
| 0.45 | 298380 | ABL Bio | PairCorr |
The ability to find closely correlated positions to Aurora World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora World 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 Aurora World - 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 Aurora World to buy it.
The correlation of Aurora World 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 Aurora World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora World 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 Aurora World 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 Aurora Stock
Aurora World financial ratios help investors to determine whether Aurora 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 Aurora with respect to the benefits of owning Aurora World security.