Kaonmedia (Korea) Market Value
| 078890 Stock | KRW 3,275 95.00 2.82% |
| Symbol | Kaonmedia |
Kaonmedia '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 Kaonmedia'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 Kaonmedia.
| 11/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Kaonmedia on November 9, 2023 and sell it all today you would earn a total of 0.00 from holding Kaonmedia Co or generate 0.0% return on investment in Kaonmedia over 390 days. Kaonmedia is related to or competes with Gyeongnam Steel, Husteel, Daedong Metals, Daejung Chemicals, Wonil Special, and Formetal. Kaonmedia Co, Ltd. develops, manufactures, and sells digital connectivity devices for Pay-TV and broadband operators wor... More
Kaonmedia 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 Kaonmedia'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 Kaonmedia Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 17.91 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.46 |
Kaonmedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kaonmedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kaonmedia's standard deviation. In reality, there are many statistical measures that can use Kaonmedia historical prices to predict the future Kaonmedia's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (311.40) |
Kaonmedia Backtested Returns
Kaonmedia has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Kaonmedia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kaonmedia's Mean Deviation of 1.7, risk adjusted performance of (0.11), and Standard Deviation of 2.51 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0013, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kaonmedia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kaonmedia is expected to be smaller as well. At this point, Kaonmedia has a negative expected return of -0.34%. Please make sure to verify Kaonmedia's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kaonmedia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Kaonmedia Co has poor reverse predictability. Overlapping area represents the amount of predictability between Kaonmedia time series from 9th of November 2023 to 22nd of May 2024 and 22nd of May 2024 to 3rd 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 Kaonmedia price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Kaonmedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 694.6 K |
Kaonmedia lagged returns against current returns
Autocorrelation, which is Kaonmedia 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 Kaonmedia's stock expected returns. We can calculate the autocorrelation of Kaonmedia returns to help us make a trade decision. For example, suppose you find that Kaonmedia 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 |
Kaonmedia 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 Kaonmedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kaonmedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kaonmedia stock over time.
Current vs Lagged Prices |
| Timeline |
Kaonmedia Lagged Returns
When evaluating Kaonmedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kaonmedia stock have on its future price. Kaonmedia 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, Kaonmedia autocorrelation shows the relationship between Kaonmedia stock current value and its past values and can show if there is a momentum factor associated with investing in Kaonmedia Co.
Regressed Prices |
| Timeline |
Pair Trading with Kaonmedia
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 Kaonmedia 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 Kaonmedia will appreciate offsetting losses from the drop in the long position's value.Moving together with Kaonmedia Stock
| 0.92 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.87 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.97 | 012700 | LEADCORP | PairCorr |
| 0.65 | 024910 | Kyung Chang Industrial | PairCorr |
| 0.87 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to Kaonmedia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kaonmedia 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 Kaonmedia - 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 Kaonmedia Co to buy it.
The correlation of Kaonmedia 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 Kaonmedia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kaonmedia 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 Kaonmedia 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 Kaonmedia Stock
Kaonmedia financial ratios help investors to determine whether Kaonmedia 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 Kaonmedia with respect to the benefits of owning Kaonmedia security.