Actoz Soft (Korea) Market Value
| 052790 Stock | KRW 7,270 70.00 0.97% |
| Symbol | Actoz |
Actoz Soft '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 Actoz Soft'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 Actoz Soft.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Actoz Soft on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Actoz Soft CoLtd or generate 0.0% return on investment in Actoz Soft over 30 days. Actoz Soft is related to or competes with JYP Entertainment, Cube Entertainment, and FNC Entertainment. ,Ltd. operates as a game company in South Korea and internationally More
Actoz Soft 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 Actoz Soft'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 Actoz Soft CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.013 | |||
| Maximum Drawdown | 16.61 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 7.06 |
Actoz Soft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Actoz Soft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Actoz Soft's standard deviation. In reality, there are many statistical measures that can use Actoz Soft historical prices to predict the future Actoz Soft's volatility.| Risk Adjusted Performance | 0.0393 | |||
| Jensen Alpha | 0.1108 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0151 | |||
| Treynor Ratio | 0.541 |
Actoz Soft CoLtd Backtested Returns
At this point, Actoz Soft is very steady. Actoz Soft CoLtd secures Sharpe Ratio (or Efficiency) of 0.0456, which signifies that the company had a 0.0456% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Actoz Soft CoLtd, which you can use to evaluate the volatility of the firm. Please confirm Actoz Soft's Downside Deviation of 2.84, risk adjusted performance of 0.0393, and Mean Deviation of 2.45 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Actoz Soft has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Actoz Soft's returns are expected to increase less than the market. However, during the bear market, the loss of holding Actoz Soft is expected to be smaller as well. Actoz Soft CoLtd right now shows a risk of 3.41%. Please confirm Actoz Soft CoLtd standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Actoz Soft CoLtd will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
Actoz Soft CoLtd has below average predictability. Overlapping area represents the amount of predictability between Actoz Soft time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Actoz Soft CoLtd price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Actoz Soft price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 143.7 K |
Actoz Soft CoLtd lagged returns against current returns
Autocorrelation, which is Actoz Soft 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 Actoz Soft's stock expected returns. We can calculate the autocorrelation of Actoz Soft returns to help us make a trade decision. For example, suppose you find that Actoz Soft 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 |
Actoz Soft 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 Actoz Soft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Actoz Soft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Actoz Soft stock over time.
Current vs Lagged Prices |
| Timeline |
Actoz Soft Lagged Returns
When evaluating Actoz Soft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Actoz Soft stock have on its future price. Actoz Soft 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, Actoz Soft autocorrelation shows the relationship between Actoz Soft stock current value and its past values and can show if there is a momentum factor associated with investing in Actoz Soft CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Actoz Soft
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 Actoz Soft 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 Actoz Soft will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Actoz Soft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Actoz Soft 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 Actoz Soft - 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 Actoz Soft CoLtd to buy it.
The correlation of Actoz Soft 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 Actoz Soft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Actoz Soft 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 Actoz Soft 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 Actoz Stock
Actoz Soft financial ratios help investors to determine whether Actoz 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 Actoz with respect to the benefits of owning Actoz Soft security.