ISE Commerce (Korea) Market Value
| 069920 Stock | KRW 888.00 8.00 0.89% |
| Symbol | ISE |
ISE Commerce '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 ISE Commerce'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 ISE Commerce.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ISE Commerce on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ISE Commerce or generate 0.0% return on investment in ISE Commerce over 30 days. ISE Commerce is related to or competes with Genie Music, Hyundai Industrial, MetaLabs, Pungguk Ethanol, LG Household, InnoTherapy, and Seoyon Topmetal. ISE Commerce Company Limited engages in the catalog retail business in South Korea. More
ISE Commerce 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 ISE Commerce'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 ISE Commerce upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 42.3 | |||
| Value At Risk | (7.53) | |||
| Potential Upside | 5.19 |
ISE Commerce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISE Commerce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISE Commerce's standard deviation. In reality, there are many statistical measures that can use ISE Commerce historical prices to predict the future ISE Commerce's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.20) | |||
| Total Risk Alpha | (2.00) | |||
| Treynor Ratio | (1.50) |
ISE Commerce Backtested Returns
ISE Commerce holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of return volatility over the last 3 months. ISE Commerce exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISE Commerce's Market Risk Adjusted Performance of (1.49), coefficient of variation of (493.22), and Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ISE Commerce's returns are expected to increase less than the market. However, during the bear market, the loss of holding ISE Commerce is expected to be smaller as well. At this point, ISE Commerce has a negative expected return of -1.2%. Please make sure to check out ISE Commerce's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if ISE Commerce performance from the past will be repeated at future time.
Auto-correlation | -0.09 |
Very weak reverse predictability
ISE Commerce has very weak reverse predictability. Overlapping area represents the amount of predictability between ISE Commerce time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 ISE Commerce price movement. The serial correlation of -0.09 indicates that less than 9.0% of current ISE Commerce price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 6101.97 |
ISE Commerce lagged returns against current returns
Autocorrelation, which is ISE Commerce 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 ISE Commerce's stock expected returns. We can calculate the autocorrelation of ISE Commerce returns to help us make a trade decision. For example, suppose you find that ISE Commerce 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 |
ISE Commerce 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 ISE Commerce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISE Commerce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISE Commerce stock over time.
Current vs Lagged Prices |
| Timeline |
ISE Commerce Lagged Returns
When evaluating ISE Commerce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISE Commerce stock have on its future price. ISE Commerce 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, ISE Commerce autocorrelation shows the relationship between ISE Commerce stock current value and its past values and can show if there is a momentum factor associated with investing in ISE Commerce.
Regressed Prices |
| Timeline |
Pair Trading with ISE Commerce
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 ISE Commerce 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 ISE Commerce will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ISE Commerce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISE Commerce 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 ISE Commerce - 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 ISE Commerce to buy it.
The correlation of ISE Commerce 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 ISE Commerce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ISE Commerce 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 ISE Commerce 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 ISE Stock
ISE Commerce financial ratios help investors to determine whether ISE 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 ISE with respect to the benefits of owning ISE Commerce security.