AnterogenCoLtd (Korea) Market Value
| 065660 Stock | KRW 15,570 190.00 1.24% |
| Symbol | AnterogenCoLtd |
AnterogenCoLtd '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 AnterogenCoLtd'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 AnterogenCoLtd.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in AnterogenCoLtd on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding AnterogenCoLtd or generate 0.0% return on investment in AnterogenCoLtd over 60 days. AnterogenCoLtd is related to or competes with Kolon Life, JETEMA, Aminologics CoLtd, Daihan Pharmaceutical, HLB Pharmaceutical, Withuspharmaceutical, and Choong Ang. ,Ltd., a bio-venture company, engages in the research, development, and commercialization of stem cell therapy products ... More
AnterogenCoLtd 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 AnterogenCoLtd'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 AnterogenCoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.37 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 3.93 |
AnterogenCoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AnterogenCoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AnterogenCoLtd's standard deviation. In reality, there are many statistical measures that can use AnterogenCoLtd historical prices to predict the future AnterogenCoLtd's volatility.| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.40) |
AnterogenCoLtd Backtested Returns
At this point, AnterogenCoLtd is very steady. AnterogenCoLtd secures Sharpe Ratio (or Efficiency) of 0.0333, which signifies that the company had a 0.0333% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AnterogenCoLtd, which you can use to evaluate the volatility of the firm. Please confirm AnterogenCoLtd's Downside Deviation of 2.19, mean deviation of 1.57, and Risk Adjusted Performance of 0.0148 to double-check if the risk estimate we provide is consistent with the expected return of 0.0728%. AnterogenCoLtd has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0337, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AnterogenCoLtd are expected to decrease at a much lower rate. During the bear market, AnterogenCoLtd is likely to outperform the market. AnterogenCoLtd right now shows a risk of 2.19%. Please confirm AnterogenCoLtd standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if AnterogenCoLtd will be following its price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
AnterogenCoLtd has poor reverse predictability. Overlapping area represents the amount of predictability between AnterogenCoLtd time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 AnterogenCoLtd price movement. The serial correlation of -0.39 indicates that just about 39.0% of current AnterogenCoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 180.9 K |
AnterogenCoLtd lagged returns against current returns
Autocorrelation, which is AnterogenCoLtd 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 AnterogenCoLtd's stock expected returns. We can calculate the autocorrelation of AnterogenCoLtd returns to help us make a trade decision. For example, suppose you find that AnterogenCoLtd 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 |
AnterogenCoLtd 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 AnterogenCoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AnterogenCoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AnterogenCoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
AnterogenCoLtd Lagged Returns
When evaluating AnterogenCoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AnterogenCoLtd stock have on its future price. AnterogenCoLtd 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, AnterogenCoLtd autocorrelation shows the relationship between AnterogenCoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in AnterogenCoLtd.
Regressed Prices |
| Timeline |
Pair Trading with AnterogenCoLtd
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 AnterogenCoLtd 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 AnterogenCoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against AnterogenCoLtd Stock
The ability to find closely correlated positions to AnterogenCoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AnterogenCoLtd 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 AnterogenCoLtd - 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 AnterogenCoLtd to buy it.
The correlation of AnterogenCoLtd 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 AnterogenCoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AnterogenCoLtd 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 AnterogenCoLtd 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 AnterogenCoLtd Stock
AnterogenCoLtd financial ratios help investors to determine whether AnterogenCoLtd 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 AnterogenCoLtd with respect to the benefits of owning AnterogenCoLtd security.