InBody CoLtd (Korea) Market Value
| 041830 Stock | KRW 22,250 250.00 1.11% |
| Symbol | InBody |
InBody CoLtd '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 InBody CoLtd'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 InBody CoLtd.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in InBody CoLtd on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding InBody CoLtd or generate 0.0% return on investment in InBody CoLtd over 30 days. InBody CoLtd is related to or competes with Vieworks, Genie Music, Seegene, and Medy Tox. InBody Co., Ltd. provides body composition analysis solutions worldwide More
InBody CoLtd 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 InBody CoLtd'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 InBody CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.79 |
InBody CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InBody CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InBody CoLtd's standard deviation. In reality, there are many statistical measures that can use InBody CoLtd historical prices to predict the future InBody CoLtd's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.1321 |
InBody CoLtd Backtested Returns
InBody CoLtd retains Efficiency (Sharpe Ratio) of -0.0735, which attests that the entity had a -0.0735% return per unit of return volatility over the last 3 months. InBody CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out InBody CoLtd's Coefficient Of Variation of (5,381), market risk adjusted performance of 0.1421, and Standard Deviation of 1.9 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning InBody CoLtd are expected to decrease at a much lower rate. During the bear market, InBody CoLtd is likely to outperform the market. At this point, InBody CoLtd has a negative expected return of -0.13%. Please make sure to check out InBody CoLtd's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if InBody CoLtd performance from the past will be repeated at some future point.
Auto-correlation | -0.36 |
Poor reverse predictability
InBody CoLtd has poor reverse predictability. Overlapping area represents the amount of predictability between InBody CoLtd time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 InBody CoLtd price movement. The serial correlation of -0.36 indicates that just about 36.0% of current InBody CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 66 K |
InBody CoLtd lagged returns against current returns
Autocorrelation, which is InBody CoLtd 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 InBody CoLtd's stock expected returns. We can calculate the autocorrelation of InBody CoLtd returns to help us make a trade decision. For example, suppose you find that InBody CoLtd 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 |
InBody CoLtd 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 InBody CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InBody CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InBody CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
InBody CoLtd Lagged Returns
When evaluating InBody CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InBody CoLtd stock have on its future price. InBody CoLtd 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, InBody CoLtd autocorrelation shows the relationship between InBody CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in InBody CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with InBody CoLtd
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 InBody CoLtd 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 InBody CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with InBody Stock
Moving against InBody Stock
The ability to find closely correlated positions to InBody CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InBody CoLtd 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 InBody CoLtd - 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 InBody CoLtd to buy it.
The correlation of InBody CoLtd 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 InBody CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InBody 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 InBody CoLtd 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 InBody Stock
InBody CoLtd financial ratios help investors to determine whether InBody 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 InBody with respect to the benefits of owning InBody CoLtd security.