AhnLab (Korea) Market Value
| 053800 Stock | KRW 59,700 1,500 2.45% |
| Symbol | AhnLab |
AhnLab '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 AhnLab'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 AhnLab.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in AhnLab on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding AhnLab Inc or generate 0.0% return on investment in AhnLab over 720 days. AhnLab is related to or competes with CJ ENM, JUSUNG ENGINEERING, and Hancom. AhnLab, Inc. provides information security solutions and services for consumers, enterprises, and small and medium busin... More
AhnLab 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 AhnLab'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 AhnLab Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.0118 | |||
| Maximum Drawdown | 17.31 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 4.88 |
AhnLab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AhnLab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AhnLab's standard deviation. In reality, there are many statistical measures that can use AhnLab historical prices to predict the future AhnLab's volatility.| Risk Adjusted Performance | 0.0608 | |||
| Jensen Alpha | 0.1027 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0111 | |||
| Treynor Ratio | 0.3783 |
AhnLab Inc Backtested Returns
AhnLab appears to be very steady, given 3 months investment horizon. AhnLab Inc secures Sharpe Ratio (or Efficiency) of 0.0897, which signifies that the company had a 0.0897% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AhnLab Inc, which you can use to evaluate the volatility of the firm. Please makes use of AhnLab's Downside Deviation of 2.47, risk adjusted performance of 0.0608, and Mean Deviation of 1.45 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AhnLab holds a performance score of 7. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AhnLab's returns are expected to increase less than the market. However, during the bear market, the loss of holding AhnLab is expected to be smaller as well. Please check AhnLab's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether AhnLab's price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
AhnLab Inc has modest predictability. Overlapping area represents the amount of predictability between AhnLab time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 AhnLab Inc price movement. The serial correlation of 0.53 indicates that about 53.0% of current AhnLab price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 40 M |
AhnLab Inc lagged returns against current returns
Autocorrelation, which is AhnLab 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 AhnLab's stock expected returns. We can calculate the autocorrelation of AhnLab returns to help us make a trade decision. For example, suppose you find that AhnLab 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 |
AhnLab 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 AhnLab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AhnLab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AhnLab stock over time.
Current vs Lagged Prices |
| Timeline |
AhnLab Lagged Returns
When evaluating AhnLab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AhnLab stock have on its future price. AhnLab 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, AhnLab autocorrelation shows the relationship between AhnLab stock current value and its past values and can show if there is a momentum factor associated with investing in AhnLab Inc.
Regressed Prices |
| Timeline |
Pair Trading with AhnLab
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 AhnLab 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 AhnLab will appreciate offsetting losses from the drop in the long position's value.Moving against AhnLab Stock
| 0.88 | 101400 | N Citron | PairCorr |
| 0.84 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.81 | 122690 | Seojin Automotive CoLtd | PairCorr |
| 0.8 | 012700 | LEADCORP | PairCorr |
| 0.79 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to AhnLab could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AhnLab 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 AhnLab - 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 AhnLab Inc to buy it.
The correlation of AhnLab 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 AhnLab moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AhnLab Inc 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 AhnLab 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 AhnLab Stock
AhnLab financial ratios help investors to determine whether AhnLab 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 AhnLab with respect to the benefits of owning AhnLab security.