NEOWIZ (Korea) Market Value
| 095660 Stock | KRW 20,050 340.00 1.73% |
| Symbol | NEOWIZ |
NEOWIZ '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 NEOWIZ'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 NEOWIZ.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in NEOWIZ on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding NEOWIZ or generate 0.0% return on investment in NEOWIZ over 30 days. NEOWIZ is related to or competes with JYP Entertainment, Cube Entertainment, and FNC Entertainment. NEOWIZ develops and publishes games for PCs and mobiles in South Korea More
NEOWIZ 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 NEOWIZ'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 NEOWIZ upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.72 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.24 |
NEOWIZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEOWIZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEOWIZ's standard deviation. In reality, there are many statistical measures that can use NEOWIZ historical prices to predict the future NEOWIZ's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.28) |
NEOWIZ Backtested Returns
NEOWIZ has Sharpe Ratio of -0.0471, which conveys that the firm had a -0.0471% return per unit of volatility over the last 3 months. NEOWIZ exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEOWIZ's mean deviation of 1.39, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEOWIZ's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEOWIZ is expected to be smaller as well. At this point, NEOWIZ has a negative expected return of -0.0847%. Please make sure to verify NEOWIZ's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if NEOWIZ performance from the past will be repeated at future time.
Auto-correlation | -0.58 |
Good reverse predictability
NEOWIZ has good reverse predictability. Overlapping area represents the amount of predictability between NEOWIZ time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 NEOWIZ price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current NEOWIZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 127.6 K |
NEOWIZ lagged returns against current returns
Autocorrelation, which is NEOWIZ 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 NEOWIZ's stock expected returns. We can calculate the autocorrelation of NEOWIZ returns to help us make a trade decision. For example, suppose you find that NEOWIZ 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 |
NEOWIZ 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 NEOWIZ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEOWIZ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEOWIZ stock over time.
Current vs Lagged Prices |
| Timeline |
NEOWIZ Lagged Returns
When evaluating NEOWIZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEOWIZ stock have on its future price. NEOWIZ 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, NEOWIZ autocorrelation shows the relationship between NEOWIZ stock current value and its past values and can show if there is a momentum factor associated with investing in NEOWIZ.
Regressed Prices |
| Timeline |
Pair Trading with NEOWIZ
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 NEOWIZ 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 NEOWIZ will appreciate offsetting losses from the drop in the long position's value.Moving together with NEOWIZ Stock
The ability to find closely correlated positions to NEOWIZ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEOWIZ 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 NEOWIZ - 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 NEOWIZ to buy it.
The correlation of NEOWIZ 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 NEOWIZ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NEOWIZ 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 NEOWIZ 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 NEOWIZ Stock
NEOWIZ financial ratios help investors to determine whether NEOWIZ 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 NEOWIZ with respect to the benefits of owning NEOWIZ security.