Asia Economy (Korea) Market Value
| 127710 Stock | KRW 1,582 28.00 1.74% |
| Symbol | Asia |
Asia Economy '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 Asia Economy'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 Asia Economy.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Asia Economy on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Economy Daily or generate 0.0% return on investment in Asia Economy over 390 days. Asia Economy is related to or competes with Daelim Trading, Lotte Chilsung, Nh Investment, ABOV Semiconductor, SBI Investment, ITM Semiconductor, and Jeju Semiconductor. The Asia Business Daily Co., Ltd. publishes online and print papers More
Asia Economy 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 Asia Economy'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 Asia Economy Daily upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.1108 | |||
| Maximum Drawdown | 9.79 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.77 |
Asia Economy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Economy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Economy's standard deviation. In reality, there are many statistical measures that can use Asia Economy historical prices to predict the future Asia Economy's volatility.| Risk Adjusted Performance | 0.1251 | |||
| Jensen Alpha | 0.3193 | |||
| Total Risk Alpha | 0.0392 | |||
| Sortino Ratio | 0.1165 | |||
| Treynor Ratio | 1.85 |
Asia Economy Daily Backtested Returns
Asia Economy appears to be very steady, given 3 months investment horizon. Asia Economy Daily secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asia Economy Daily, which you can use to evaluate the volatility of the firm. Please makes use of Asia Economy's Downside Deviation of 2.03, risk adjusted performance of 0.1251, and Mean Deviation of 1.47 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Asia Economy holds a performance score of 12. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Economy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Economy is expected to be smaller as well. Please check Asia Economy's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Asia Economy's price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Asia Economy Daily has very weak reverse predictability. Overlapping area represents the amount of predictability between Asia Economy time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Asia Economy Daily price movement. The serial correlation of -0.01 indicates that just 1.0% of current Asia Economy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 13 K |
Asia Economy Daily lagged returns against current returns
Autocorrelation, which is Asia Economy 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 Asia Economy's stock expected returns. We can calculate the autocorrelation of Asia Economy returns to help us make a trade decision. For example, suppose you find that Asia Economy 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 |
Asia Economy 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 Asia Economy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Economy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Economy stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Economy Lagged Returns
When evaluating Asia Economy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Economy stock have on its future price. Asia Economy 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, Asia Economy autocorrelation shows the relationship between Asia Economy stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Economy Daily.
Regressed Prices |
| Timeline |
Pair Trading with Asia Economy
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 Asia Economy 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 Asia Economy will appreciate offsetting losses from the drop in the long position's value.Moving against Asia Stock
The ability to find closely correlated positions to Asia Economy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Economy 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 Asia Economy - 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 Asia Economy Daily to buy it.
The correlation of Asia Economy 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 Asia Economy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Economy Daily 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 Asia Economy 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 Asia Stock
Asia Economy financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Economy security.