MegaStudyEdu (Korea) Market Value
| 215200 Stock | KRW 43,250 100.00 0.23% |
| Symbol | MegaStudyEdu |
MegaStudyEdu '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 MegaStudyEdu'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 MegaStudyEdu.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in MegaStudyEdu on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding MegaStudyEdu Co or generate 0.0% return on investment in MegaStudyEdu over 30 days. MegaStudyEdu is related to or competes with Daou Data, Busan Industrial, Sam Chun, Humax, Finebesteel, Shinhan Inverse, and Fine Besteel. Ltd. provides online and offline educational services in South Korea More
MegaStudyEdu 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 MegaStudyEdu'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 MegaStudyEdu Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.52 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 3.94 |
MegaStudyEdu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MegaStudyEdu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MegaStudyEdu's standard deviation. In reality, there are many statistical measures that can use MegaStudyEdu historical prices to predict the future MegaStudyEdu's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.69 |
MegaStudyEdu Backtested Returns
At this point, MegaStudyEdu is very steady. MegaStudyEdu has Sharpe Ratio of 0.0067, which conveys that the firm had a 0.0067% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for MegaStudyEdu, which you can use to evaluate the volatility of the firm. Please verify MegaStudyEdu's Mean Deviation of 1.89, standard deviation of 2.49, and Risk Adjusted Performance of (0.03) to check out if the risk estimate we provide is consistent with the expected return of 0.0166%. The company secures a Beta (Market Risk) of -0.0816, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MegaStudyEdu are expected to decrease at a much lower rate. During the bear market, MegaStudyEdu is likely to outperform the market. MegaStudyEdu right now secures a risk of 2.47%. Please verify MegaStudyEdu Co coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if MegaStudyEdu Co will be following its current price movements.
Auto-correlation | -0.33 |
Poor reverse predictability
MegaStudyEdu Co has poor reverse predictability. Overlapping area represents the amount of predictability between MegaStudyEdu time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 MegaStudyEdu price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current MegaStudyEdu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 677.5 K |
MegaStudyEdu lagged returns against current returns
Autocorrelation, which is MegaStudyEdu 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 MegaStudyEdu's stock expected returns. We can calculate the autocorrelation of MegaStudyEdu returns to help us make a trade decision. For example, suppose you find that MegaStudyEdu 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 |
MegaStudyEdu 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 MegaStudyEdu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MegaStudyEdu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MegaStudyEdu stock over time.
Current vs Lagged Prices |
| Timeline |
MegaStudyEdu Lagged Returns
When evaluating MegaStudyEdu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MegaStudyEdu stock have on its future price. MegaStudyEdu 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, MegaStudyEdu autocorrelation shows the relationship between MegaStudyEdu stock current value and its past values and can show if there is a momentum factor associated with investing in MegaStudyEdu Co.
Regressed Prices |
| Timeline |
Pair Trading with MegaStudyEdu
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 MegaStudyEdu 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 MegaStudyEdu will appreciate offsetting losses from the drop in the long position's value.Moving against MegaStudyEdu Stock
| 0.64 | 175330 | Jb Financial | PairCorr |
| 0.35 | 316140 | Woori Financial Group | PairCorr |
| 0.34 | 005945 | Nh Investment And | PairCorr |
The ability to find closely correlated positions to MegaStudyEdu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MegaStudyEdu 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 MegaStudyEdu - 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 MegaStudyEdu Co to buy it.
The correlation of MegaStudyEdu 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 MegaStudyEdu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MegaStudyEdu 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 MegaStudyEdu 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 MegaStudyEdu Stock
MegaStudyEdu financial ratios help investors to determine whether MegaStudyEdu 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 MegaStudyEdu with respect to the benefits of owning MegaStudyEdu security.