KT Submarine (Korea) Market Value
| 060370 Stock | 13,500 360.00 2.60% |
| Symbol | 060370 |
KT Submarine '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 KT Submarine'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 KT Submarine.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in KT Submarine on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding KT Submarine Telecom or generate 0.0% return on investment in KT Submarine over 30 days. KT Submarine is related to or competes with Dongbang Transport, Bookook Steel, Korea Steel, Gyeongnam Steel, Sewoon Medical, Hankuk Steel, and Dong A. More
KT Submarine 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 KT Submarine'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 KT Submarine Telecom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 22.4 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 4.61 |
KT Submarine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KT Submarine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KT Submarine's standard deviation. In reality, there are many statistical measures that can use KT Submarine historical prices to predict the future KT Submarine's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (0.40) |
KT Submarine Telecom Backtested Returns
KT Submarine Telecom retains Efficiency (Sharpe Ratio) of -0.0758, which conveys that the firm had a -0.0758% return per unit of price deviation over the last 3 months. KT Submarine exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KT Submarine's Mean Deviation of 2.26, market risk adjusted performance of (0.39), and Information Ratio of (0.17) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.24, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, KT Submarine will likely underperform. At this point, KT Submarine Telecom has a negative expected return of -0.29%. Please make sure to verify KT Submarine's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if KT Submarine Telecom performance from the past will be repeated sooner or later.
Auto-correlation | -0.7 |
Very good reverse predictability
KT Submarine Telecom has very good reverse predictability. Overlapping area represents the amount of predictability between KT Submarine time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 KT Submarine Telecom price movement. The serial correlation of -0.7 indicates that around 70.0% of current KT Submarine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
KT Submarine Telecom lagged returns against current returns
Autocorrelation, which is KT Submarine 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 KT Submarine's stock expected returns. We can calculate the autocorrelation of KT Submarine returns to help us make a trade decision. For example, suppose you find that KT Submarine 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 |
KT Submarine 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 KT Submarine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KT Submarine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KT Submarine stock over time.
Current vs Lagged Prices |
| Timeline |
KT Submarine Lagged Returns
When evaluating KT Submarine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KT Submarine stock have on its future price. KT Submarine 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, KT Submarine autocorrelation shows the relationship between KT Submarine stock current value and its past values and can show if there is a momentum factor associated with investing in KT Submarine Telecom.
Regressed Prices |
| Timeline |
Pair Trading with KT Submarine
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 KT Submarine 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 KT Submarine will appreciate offsetting losses from the drop in the long position's value.Moving together with 060370 Stock
| 0.71 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.9 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.92 | 302430 | Innometry | PairCorr |
Moving against 060370 Stock
The ability to find closely correlated positions to KT Submarine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KT Submarine 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 KT Submarine - 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 KT Submarine Telecom to buy it.
The correlation of KT Submarine 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 KT Submarine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KT Submarine Telecom 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 KT Submarine 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 060370 Stock
KT Submarine financial ratios help investors to determine whether 060370 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 060370 with respect to the benefits of owning KT Submarine security.