Taewoong Logistics (Korea) Market Value
| 124560 Stock | KRW 2,890 45.00 1.53% |
| Symbol | Taewoong |
Taewoong Logistics '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 Taewoong Logistics' 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 Taewoong Logistics.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Taewoong Logistics on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding Taewoong Logistics CoLtd or generate 0.0% return on investment in Taewoong Logistics over 150 days. Taewoong Logistics is related to or competes with Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. ,Ltd., a logistics company, provides various transport services by sea, air, bulk project, and inland transportation More
Taewoong Logistics 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 Taewoong Logistics' 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 Taewoong Logistics CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0037 | |||
| Maximum Drawdown | 28.79 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 4.59 |
Taewoong Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taewoong Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taewoong Logistics' standard deviation. In reality, there are many statistical measures that can use Taewoong Logistics historical prices to predict the future Taewoong Logistics' volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | 0.0442 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0042 | |||
| Treynor Ratio | (0.10) |
Taewoong Logistics CoLtd Backtested Returns
Taewoong Logistics CoLtd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.031, which indicates the firm had a -0.031% return per unit of risk over the last 3 months. Taewoong Logistics CoLtd exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taewoong Logistics' Semi Deviation of 2.73, risk adjusted performance of 0.0183, and Coefficient Of Variation of 7467.05 to confirm the risk estimate we provide. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Taewoong Logistics are expected to decrease at a much lower rate. During the bear market, Taewoong Logistics is likely to outperform the market. At this point, Taewoong Logistics CoLtd has a negative expected return of -0.11%. Please make sure to validate Taewoong Logistics' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Taewoong Logistics CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Taewoong Logistics CoLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Taewoong Logistics time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th 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 Taewoong Logistics CoLtd price movement. The serial correlation of -0.18 indicates that over 18.0% of current Taewoong Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 10.2 K |
Taewoong Logistics CoLtd lagged returns against current returns
Autocorrelation, which is Taewoong Logistics 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 Taewoong Logistics' stock expected returns. We can calculate the autocorrelation of Taewoong Logistics returns to help us make a trade decision. For example, suppose you find that Taewoong Logistics 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 |
Taewoong Logistics 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 Taewoong Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taewoong Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taewoong Logistics stock over time.
Current vs Lagged Prices |
| Timeline |
Taewoong Logistics Lagged Returns
When evaluating Taewoong Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taewoong Logistics stock have on its future price. Taewoong Logistics 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, Taewoong Logistics autocorrelation shows the relationship between Taewoong Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in Taewoong Logistics CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Taewoong Logistics
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 Taewoong Logistics 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 Taewoong Logistics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Taewoong Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taewoong Logistics 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 Taewoong Logistics - 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 Taewoong Logistics CoLtd to buy it.
The correlation of Taewoong Logistics 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 Taewoong Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taewoong Logistics CoLtd 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 Taewoong Logistics 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 Taewoong Stock
Taewoong Logistics financial ratios help investors to determine whether Taewoong 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 Taewoong with respect to the benefits of owning Taewoong Logistics security.