BRIDGETEC Corp (Korea) Market Value
| 064480 Stock | KRW 5,480 90.00 1.67% |
| Symbol | BRIDGETEC |
BRIDGETEC Corp '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 BRIDGETEC Corp'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 BRIDGETEC Corp.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in BRIDGETEC Corp on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding BRIDGETEC Corp or generate 0.0% return on investment in BRIDGETEC Corp over 390 days. BRIDGETEC Corp is related to or competes with Kakao Games, Devsisters Corporation, Konan Technology, Nice Information, SKONEC Entertainment, InfoBank, and ATON. The company offers BT-HMP, a host media processing solution that provides software library for the development of voice,... More
BRIDGETEC Corp 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 BRIDGETEC Corp'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 BRIDGETEC Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 27.42 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 5.78 |
BRIDGETEC Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BRIDGETEC Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BRIDGETEC Corp's standard deviation. In reality, there are many statistical measures that can use BRIDGETEC Corp historical prices to predict the future BRIDGETEC Corp's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | 1.6 |
BRIDGETEC Corp Backtested Returns
BRIDGETEC Corp secures Sharpe Ratio (or Efficiency) of -0.0713, which signifies that the company had a -0.0713% return per unit of return volatility over the last 3 months. BRIDGETEC Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BRIDGETEC Corp's Mean Deviation of 2.78, coefficient of variation of (1,418), and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BRIDGETEC Corp are expected to decrease at a much lower rate. During the bear market, BRIDGETEC Corp is likely to outperform the market. At this point, BRIDGETEC Corp has a negative expected return of -0.29%. Please make sure to confirm BRIDGETEC Corp's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if BRIDGETEC Corp performance from the past will be repeated in the future.
Auto-correlation | -0.33 |
Poor reverse predictability
BRIDGETEC Corp has poor reverse predictability. Overlapping area represents the amount of predictability between BRIDGETEC Corp time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 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 BRIDGETEC Corp price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current BRIDGETEC Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 950 K |
BRIDGETEC Corp lagged returns against current returns
Autocorrelation, which is BRIDGETEC Corp 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 BRIDGETEC Corp's stock expected returns. We can calculate the autocorrelation of BRIDGETEC Corp returns to help us make a trade decision. For example, suppose you find that BRIDGETEC Corp 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 |
BRIDGETEC Corp 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 BRIDGETEC Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BRIDGETEC Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BRIDGETEC Corp stock over time.
Current vs Lagged Prices |
| Timeline |
BRIDGETEC Corp Lagged Returns
When evaluating BRIDGETEC Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BRIDGETEC Corp stock have on its future price. BRIDGETEC Corp 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, BRIDGETEC Corp autocorrelation shows the relationship between BRIDGETEC Corp stock current value and its past values and can show if there is a momentum factor associated with investing in BRIDGETEC Corp.
Regressed Prices |
| Timeline |
Pair Trading with BRIDGETEC Corp
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 BRIDGETEC Corp 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 BRIDGETEC Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with BRIDGETEC Stock
Moving against BRIDGETEC Stock
The ability to find closely correlated positions to BRIDGETEC Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRIDGETEC Corp 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 BRIDGETEC Corp - 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 BRIDGETEC Corp to buy it.
The correlation of BRIDGETEC Corp 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 BRIDGETEC Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRIDGETEC Corp 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 BRIDGETEC Corp 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 BRIDGETEC Stock
BRIDGETEC Corp financial ratios help investors to determine whether BRIDGETEC 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 BRIDGETEC with respect to the benefits of owning BRIDGETEC Corp security.