Pan Entertainment (Korea) Market Value
| 068050 Stock | KRW 2,040 100.00 4.67% |
| Symbol | Pan |
Pan Entertainment '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 Pan Entertainment'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 Pan Entertainment.
| 10/01/2024 |
| 12/30/2024 |
If you would invest 0.00 in Pan Entertainment on October 1, 2024 and sell it all today you would earn a total of 0.00 from holding Pan Entertainment Co or generate 0.0% return on investment in Pan Entertainment over 90 days. Pan Entertainment is related to or competes with Samsung Electronics, Samsung Electronics, KB Financial, Shinhan Financial, Hyundai, Hyundai, and Hyundai. ,Ltd. engages in the entertainment business in South Korea and internationally More
Pan Entertainment 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 Pan Entertainment'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 Pan Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.18 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 4.03 |
Pan Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pan Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pan Entertainment's standard deviation. In reality, there are many statistical measures that can use Pan Entertainment historical prices to predict the future Pan Entertainment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.77) |
Pan Entertainment Backtested Returns
Pan Entertainment maintains Sharpe Ratio (i.e., Efficiency) of -0.0418, which implies the firm had a -0.0418% return per unit of risk over the last 3 months. Pan Entertainment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pan Entertainment's Variance of 4.68, coefficient of variation of (5,560), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 0.0636, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pan Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pan Entertainment is expected to be smaller as well. At this point, Pan Entertainment has a negative expected return of -0.0923%. Please make sure to check Pan Entertainment's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Pan Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Pan Entertainment Co has poor reverse predictability. Overlapping area represents the amount of predictability between Pan Entertainment time series from 1st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Pan Entertainment price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Pan Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 7771.58 |
Pan Entertainment lagged returns against current returns
Autocorrelation, which is Pan Entertainment 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 Pan Entertainment's stock expected returns. We can calculate the autocorrelation of Pan Entertainment returns to help us make a trade decision. For example, suppose you find that Pan Entertainment 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 |
Pan Entertainment 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 Pan Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pan Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pan Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Pan Entertainment Lagged Returns
When evaluating Pan Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pan Entertainment stock have on its future price. Pan Entertainment 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, Pan Entertainment autocorrelation shows the relationship between Pan Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Pan Entertainment Co.
Regressed Prices |
| Timeline |
Pair Trading with Pan Entertainment
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 Pan Entertainment 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 Pan Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with Pan Stock
Moving against Pan Stock
| 0.61 | 003535 | Hanwha InvestmentSecuri | PairCorr |
| 0.51 | 012330 | Hyundai Mobis | PairCorr |
| 0.43 | 122870 | YG Entertainment | PairCorr |
| 0.43 | 003920 | Namyang Dairy | PairCorr |
| 0.36 | 041510 | SM Entertainment | PairCorr |
The ability to find closely correlated positions to Pan Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pan Entertainment 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 Pan Entertainment - 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 Pan Entertainment Co to buy it.
The correlation of Pan Entertainment 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 Pan Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pan Entertainment 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 Pan Entertainment 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 Pan Stock
Pan Entertainment financial ratios help investors to determine whether Pan 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 Pan with respect to the benefits of owning Pan Entertainment security.