Intops Co (Korea) Market Value
| 049070 Stock | KRW 16,380 1,180 7.76% |
| Symbol | Intops |
Intops Co '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 Intops Co'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 Intops Co.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Intops Co on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Intops Co or generate 0.0% return on investment in Intops Co over 90 days. Intops Co is related to or competes with KHVATEC CoLtd, Interflex, Seoul Semiconductor, UIL, and JUSUNG ENGINEERING. Intops Co., Ltd. primarily manufactures and sells mobile device cases and antennas worldwide More
Intops Co 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 Intops Co'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 Intops Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 17.06 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 3.23 |
Intops Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intops Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intops Co's standard deviation. In reality, there are many statistical measures that can use Intops Co historical prices to predict the future Intops Co's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (2.09) |
Intops Co Backtested Returns
Intops Co holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of risk over the last 3 months. Intops Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Intops Co's Market Risk Adjusted Performance of (2.08), risk adjusted performance of (0.14), and Standard Deviation of 3.03 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Intops Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding Intops Co is expected to be smaller as well. At this point, Intops Co has a negative expected return of -0.56%. Please make sure to check out Intops Co's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Intops Co performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Intops Co has average predictability. Overlapping area represents the amount of predictability between Intops Co time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Intops Co price movement. The serial correlation of 0.46 indicates that about 46.0% of current Intops Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 847.7 K |
Intops Co lagged returns against current returns
Autocorrelation, which is Intops Co 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 Intops Co's stock expected returns. We can calculate the autocorrelation of Intops Co returns to help us make a trade decision. For example, suppose you find that Intops Co 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 |
Intops Co 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 Intops Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intops Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intops Co stock over time.
Current vs Lagged Prices |
| Timeline |
Intops Co Lagged Returns
When evaluating Intops Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intops Co stock have on its future price. Intops Co 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, Intops Co autocorrelation shows the relationship between Intops Co stock current value and its past values and can show if there is a momentum factor associated with investing in Intops Co.
Regressed Prices |
| Timeline |
Pair Trading with Intops Co
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 Intops Co 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 Intops Co will appreciate offsetting losses from the drop in the long position's value.Moving together with Intops Stock
| 0.85 | 005930 | Samsung Electronics | PairCorr |
| 0.84 | 005935 | Samsung Electronics | PairCorr |
| 0.82 | 005380 | Hyundai Motor | PairCorr |
Moving against Intops Stock
The ability to find closely correlated positions to Intops Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intops Co 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 Intops Co - 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 Intops Co to buy it.
The correlation of Intops Co 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 Intops Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intops Co 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 Intops Co 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 Intops Stock
Intops Co financial ratios help investors to determine whether Intops 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 Intops with respect to the benefits of owning Intops Co security.