KEYEASTCoLtd (Korea) Market Value
| 054780 Stock | KRW 5,180 330.00 6.80% |
| Symbol | KEYEASTCoLtd |
KEYEASTCoLtd '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 KEYEASTCoLtd'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 KEYEASTCoLtd.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in KEYEASTCoLtd on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding KEYEASTCoLtd or generate 0.0% return on investment in KEYEASTCoLtd over 720 days. KEYEASTCoLtd is related to or competes with YG Entertainment, JYP Entertainment, Cube Entertainment, and FNC Entertainment. ,Ltd., a cultural entertainment contents company, engages in the celebrity management, MDlicensing, video content planni... More
KEYEASTCoLtd 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 KEYEASTCoLtd'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 KEYEASTCoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.008 | |||
| Maximum Drawdown | 19.74 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 5.09 |
KEYEASTCoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KEYEASTCoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KEYEASTCoLtd's standard deviation. In reality, there are many statistical measures that can use KEYEASTCoLtd historical prices to predict the future KEYEASTCoLtd's volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.1524 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | (0.55) |
KEYEASTCoLtd Backtested Returns
KEYEASTCoLtd appears to be very steady, given 3 months investment horizon. KEYEASTCoLtd has Sharpe Ratio of 0.0854, which conveys that the firm had a 0.0854% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for KEYEASTCoLtd, which you can use to evaluate the volatility of the firm. Please exercise KEYEASTCoLtd's Mean Deviation of 2.07, risk adjusted performance of 0.0378, and Market Risk Adjusted Performance of (0.54) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KEYEASTCoLtd holds a performance score of 6. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KEYEASTCoLtd are expected to decrease at a much lower rate. During the bear market, KEYEASTCoLtd is likely to outperform the market. Please check KEYEASTCoLtd's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether KEYEASTCoLtd's current price movements will revert.
Auto-correlation | 0.85 |
Very good predictability
KEYEASTCoLtd has very good predictability. Overlapping area represents the amount of predictability between KEYEASTCoLtd time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 KEYEASTCoLtd price movement. The serial correlation of 0.85 indicates that around 85.0% of current KEYEASTCoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 942 K |
KEYEASTCoLtd lagged returns against current returns
Autocorrelation, which is KEYEASTCoLtd 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 KEYEASTCoLtd's stock expected returns. We can calculate the autocorrelation of KEYEASTCoLtd returns to help us make a trade decision. For example, suppose you find that KEYEASTCoLtd 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 |
KEYEASTCoLtd 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 KEYEASTCoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KEYEASTCoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KEYEASTCoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
KEYEASTCoLtd Lagged Returns
When evaluating KEYEASTCoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KEYEASTCoLtd stock have on its future price. KEYEASTCoLtd 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, KEYEASTCoLtd autocorrelation shows the relationship between KEYEASTCoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in KEYEASTCoLtd.
Regressed Prices |
| Timeline |
Pair Trading with KEYEASTCoLtd
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 KEYEASTCoLtd 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 KEYEASTCoLtd will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KEYEASTCoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KEYEASTCoLtd 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 KEYEASTCoLtd - 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 KEYEASTCoLtd to buy it.
The correlation of KEYEASTCoLtd 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 KEYEASTCoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KEYEASTCoLtd 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 KEYEASTCoLtd 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 KEYEASTCoLtd Stock
KEYEASTCoLtd financial ratios help investors to determine whether KEYEASTCoLtd 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 KEYEASTCoLtd with respect to the benefits of owning KEYEASTCoLtd security.