ATON (Korea) Market Value
| 158430 Stock | KRW 5,210 110.00 2.07% |
| Symbol | ATON |
ATON '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 ATON'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 ATON.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in ATON on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding ATON Inc or generate 0.0% return on investment in ATON over 180 days. ATON is related to or competes with Korea Air, Shinsung Delta, AurosTechnology, Golden Bridge, Eagle Veterinary, Korea Investment, and A Tech. ATON Inc. develops and operates mobile trading system in South Korea More
ATON 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 ATON'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 ATON Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.1098 | |||
| Maximum Drawdown | 36.69 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 5.93 |
ATON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATON's standard deviation. In reality, there are many statistical measures that can use ATON historical prices to predict the future ATON's volatility.| Risk Adjusted Performance | 0.1135 | |||
| Jensen Alpha | 0.7706 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.191 | |||
| Treynor Ratio | (0.91) |
ATON Inc Backtested Returns
ATON appears to be very steady, given 3 months investment horizon. ATON Inc secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. By analyzing ATON's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of ATON's risk adjusted performance of 0.1135, and Mean Deviation of 3.0 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ATON holds a performance score of 8. The firm shows a Beta (market volatility) of -0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ATON are expected to decrease at a much lower rate. During the bear market, ATON is likely to outperform the market. Please check ATON's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether ATON's price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
ATON Inc has good reverse predictability. Overlapping area represents the amount of predictability between ATON time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 ATON Inc price movement. The serial correlation of -0.55 indicates that about 55.0% of current ATON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 345.3 K |
ATON Inc lagged returns against current returns
Autocorrelation, which is ATON 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 ATON's stock expected returns. We can calculate the autocorrelation of ATON returns to help us make a trade decision. For example, suppose you find that ATON 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 |
ATON 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 ATON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATON stock over time.
Current vs Lagged Prices |
| Timeline |
ATON Lagged Returns
When evaluating ATON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATON stock have on its future price. ATON 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, ATON autocorrelation shows the relationship between ATON stock current value and its past values and can show if there is a momentum factor associated with investing in ATON Inc.
Regressed Prices |
| Timeline |
Pair Trading with ATON
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 ATON 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 ATON will appreciate offsetting losses from the drop in the long position's value.Moving together with ATON Stock
Moving against ATON Stock
| 0.83 | 036800 | Nice Information Tel | PairCorr |
| 0.77 | 194480 | Devsisters corporation | PairCorr |
| 0.69 | 022100 | Posco ICT | PairCorr |
| 0.65 | 347860 | Alchera | PairCorr |
| 0.6 | 276040 | SKONEC Entertainment | PairCorr |
The ability to find closely correlated positions to ATON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATON 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 ATON - 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 ATON Inc to buy it.
The correlation of ATON 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 ATON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATON Inc 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 ATON 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 ATON Stock
ATON financial ratios help investors to determine whether ATON 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 ATON with respect to the benefits of owning ATON security.