Vitzro Tech (Korea) Market Value
| 042370 Stock | KRW 7,050 190.00 2.62% |
| Symbol | Vitzro |
Vitzro Tech '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 Vitzro Tech'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 Vitzro Tech.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Vitzro Tech on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Vitzro Tech Co or generate 0.0% return on investment in Vitzro Tech over 60 days. Vitzro Tech is related to or competes with Korea Information, InnoTherapy, Grand Korea, Sangsin Energy, CKH Food, and CU Medical. Ltd manufactures and sells parts for electricity generation in South Korea More
Vitzro Tech 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 Vitzro Tech'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 Vitzro Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.25 |
Vitzro Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vitzro Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vitzro Tech's standard deviation. In reality, there are many statistical measures that can use Vitzro Tech historical prices to predict the future Vitzro Tech's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.12) |
Vitzro Tech Backtested Returns
At this point, Vitzro Tech is very steady. Vitzro Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0023, which indicates the firm had a 0.0023% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Vitzro Tech Co, which you can use to evaluate the volatility of the company. Please validate Vitzro Tech's Variance of 4.26, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,914) to confirm if the risk estimate we provide is consistent with the expected return of 0.0049%. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vitzro Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vitzro Tech is expected to be smaller as well. Vitzro Tech right now has a risk of 2.1%. Please validate Vitzro Tech total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Vitzro Tech will be following its existing price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Vitzro Tech Co has virtually no predictability. Overlapping area represents the amount of predictability between Vitzro Tech time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 Vitzro Tech price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Vitzro Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 32.7 K |
Vitzro Tech lagged returns against current returns
Autocorrelation, which is Vitzro Tech 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 Vitzro Tech's stock expected returns. We can calculate the autocorrelation of Vitzro Tech returns to help us make a trade decision. For example, suppose you find that Vitzro Tech 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 |
Vitzro Tech 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 Vitzro Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vitzro Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vitzro Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Vitzro Tech Lagged Returns
When evaluating Vitzro Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vitzro Tech stock have on its future price. Vitzro Tech 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, Vitzro Tech autocorrelation shows the relationship between Vitzro Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Vitzro Tech Co.
Regressed Prices |
| Timeline |
Pair Trading with Vitzro Tech
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 Vitzro Tech 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 Vitzro Tech will appreciate offsetting losses from the drop in the long position's value.Moving against Vitzro Stock
The ability to find closely correlated positions to Vitzro Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vitzro Tech 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 Vitzro Tech - 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 Vitzro Tech Co to buy it.
The correlation of Vitzro Tech 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 Vitzro Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vitzro Tech 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 Vitzro Tech 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 Vitzro Stock
Vitzro Tech financial ratios help investors to determine whether Vitzro 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 Vitzro with respect to the benefits of owning Vitzro Tech security.