KPX Green (Korea) Market Value
| 083420 Stock | 6,400 300.00 4.48% |
| Symbol | KPX |
KPX Green '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 KPX Green'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 KPX Green.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in KPX Green on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding KPX Green Chemical or generate 0.0% return on investment in KPX Green over 30 days. KPX Green is related to or competes with System, Koryo Credit, Sejong Telecom, ITM Semiconductor, Korea Information, and Kisan Telecom. More
KPX Green 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 KPX Green'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 KPX Green Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0094 | |||
| Maximum Drawdown | 15.91 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 4.64 |
KPX Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KPX Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KPX Green's standard deviation. In reality, there are many statistical measures that can use KPX Green historical prices to predict the future KPX Green's volatility.| Risk Adjusted Performance | 0.0223 | |||
| Jensen Alpha | 0.0965 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | (0.03) |
KPX Green Chemical Backtested Returns
At this point, KPX Green is very steady. KPX Green Chemical has Sharpe Ratio of 0.0214, which conveys that the firm had a 0.0214% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for KPX Green, which you can use to evaluate the volatility of the firm. Please verify KPX Green's Mean Deviation of 2.24, market risk adjusted performance of (0.02), and Risk Adjusted Performance of 0.0223 to check out if the risk estimate we provide is consistent with the expected return of 0.0788%. KPX Green has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -1.82, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning KPX Green are expected to decrease by larger amounts. On the other hand, during market turmoil, KPX Green is expected to outperform it. KPX Green Chemical presently secures a risk of 3.69%. Please verify KPX Green Chemical jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if KPX Green Chemical will be following its current price movements.
Auto-correlation | -0.69 |
Very good reverse predictability
KPX Green Chemical has very good reverse predictability. Overlapping area represents the amount of predictability between KPX Green time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 KPX Green Chemical price movement. The serial correlation of -0.69 indicates that around 69.0% of current KPX Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 775.5 K |
KPX Green Chemical lagged returns against current returns
Autocorrelation, which is KPX Green 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 KPX Green's stock expected returns. We can calculate the autocorrelation of KPX Green returns to help us make a trade decision. For example, suppose you find that KPX Green 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 |
KPX Green 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 KPX Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KPX Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KPX Green stock over time.
Current vs Lagged Prices |
| Timeline |
KPX Green Lagged Returns
When evaluating KPX Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KPX Green stock have on its future price. KPX Green 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, KPX Green autocorrelation shows the relationship between KPX Green stock current value and its past values and can show if there is a momentum factor associated with investing in KPX Green Chemical.
Regressed Prices |
| Timeline |
Pair Trading with KPX Green
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 KPX Green 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 KPX Green will appreciate offsetting losses from the drop in the long position's value.Moving together with KPX Stock
| 0.74 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.64 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.82 | 302430 | Innometry | PairCorr |
Moving against KPX Stock
| 0.76 | 122870 | YG Entertainment | PairCorr |
| 0.74 | 041510 | SM Entertainment | PairCorr |
| 0.73 | 003535 | Hanwha InvestmentSecuri | PairCorr |
| 0.72 | 071055 | Korea Investment Holdings | PairCorr |
| 0.7 | 003490 | Korean Air Lines | PairCorr |
The ability to find closely correlated positions to KPX Green could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KPX Green 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 KPX Green - 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 KPX Green Chemical to buy it.
The correlation of KPX Green 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 KPX Green moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KPX Green Chemical 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 KPX Green 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 KPX Stock
KPX Green financial ratios help investors to determine whether KPX 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 KPX with respect to the benefits of owning KPX Green security.