Wooyang (Korea) Market Value
| 103840 Stock | KRW 4,065 430.00 11.83% |
| Symbol | Wooyang |
Wooyang '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 Wooyang'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 Wooyang.
| 12/02/2023 |
| 12/26/2024 |
If you would invest 0.00 in Wooyang on December 2, 2023 and sell it all today you would earn a total of 0.00 from holding Wooyang Co or generate 0.0% return on investment in Wooyang over 390 days. Wooyang is related to or competes with Maeil Dairies, Neo Cremar, Dongwoo Farm, Wing Yip, and . It offers frozen fruits, such as strawberry, mango, blueberry, kiwi, etc More
Wooyang 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 Wooyang'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 Wooyang Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.6 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 6.89 |
Wooyang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wooyang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wooyang's standard deviation. In reality, there are many statistical measures that can use Wooyang historical prices to predict the future Wooyang's volatility.| Risk Adjusted Performance | 1.0E-4 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.20) |
Wooyang Backtested Returns
Wooyang shows Sharpe Ratio of -0.02, which attests that the company had a -0.02% return per unit of risk over the last 3 months. Wooyang exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wooyang's Mean Deviation of 2.79, standard deviation of 4.1, and Market Risk Adjusted Performance of (0.19) to validate the risk estimate we provide. The firm maintains a market beta of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wooyang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wooyang is expected to be smaller as well. At this point, Wooyang has a negative expected return of -0.0844%. Please make sure to check out Wooyang's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Wooyang performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Wooyang Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wooyang time series from 2nd of December 2023 to 14th of June 2024 and 14th of June 2024 to 26th 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 Wooyang price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Wooyang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 3.8 M |
Wooyang lagged returns against current returns
Autocorrelation, which is Wooyang 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 Wooyang's stock expected returns. We can calculate the autocorrelation of Wooyang returns to help us make a trade decision. For example, suppose you find that Wooyang 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 |
Wooyang 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 Wooyang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wooyang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wooyang stock over time.
Current vs Lagged Prices |
| Timeline |
Wooyang Lagged Returns
When evaluating Wooyang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wooyang stock have on its future price. Wooyang 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, Wooyang autocorrelation shows the relationship between Wooyang stock current value and its past values and can show if there is a momentum factor associated with investing in Wooyang Co.
Regressed Prices |
| Timeline |
Pair Trading with Wooyang
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 Wooyang 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 Wooyang will appreciate offsetting losses from the drop in the long position's value.Moving together with Wooyang Stock
Moving against Wooyang Stock
| 0.83 | 041510 | SM Entertainment | PairCorr |
| 0.64 | 014940 | Oriental Precision | PairCorr |
| 0.54 | 153460 | Nable Communications | PairCorr |
| 0.5 | 230240 | Hana Financial 7 | PairCorr |
| 0.49 | 065660 | AnterogenCoLtd | PairCorr |
The ability to find closely correlated positions to Wooyang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wooyang 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 Wooyang - 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 Wooyang Co to buy it.
The correlation of Wooyang 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 Wooyang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wooyang 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 Wooyang 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 Wooyang Stock
Wooyang financial ratios help investors to determine whether Wooyang 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 Wooyang with respect to the benefits of owning Wooyang security.