KNOTUS CoLtd (Korea) Market Value
| 278650 Stock | KRW 1,971 9.00 0.45% |
| Symbol | KNOTUS |
KNOTUS CoLtd '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 KNOTUS CoLtd'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 KNOTUS CoLtd.
| 04/30/2024 |
| 12/26/2024 |
If you would invest 0.00 in KNOTUS CoLtd on April 30, 2024 and sell it all today you would earn a total of 0.00 from holding KNOTUS CoLtd or generate 0.0% return on investment in KNOTUS CoLtd over 240 days. KNOTUS CoLtd is related to or competes with Bridge Biotherapeutics, Cytogen, Genolution, and WOOJUNG BIO. It offers platform technology services, such as cell-enzyme-based screening, xenograft assay, mitogenic effect test, vac... More
KNOTUS CoLtd 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 KNOTUS CoLtd'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 KNOTUS CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 22.28 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.45 |
KNOTUS CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KNOTUS CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KNOTUS CoLtd's standard deviation. In reality, there are many statistical measures that can use KNOTUS CoLtd historical prices to predict the future KNOTUS CoLtd's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 1.83 |
KNOTUS CoLtd Backtested Returns
KNOTUS CoLtd has Sharpe Ratio of -0.0838, which conveys that the firm had a -0.0838% return per unit of volatility over the last 3 months. KNOTUS CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KNOTUS CoLtd's risk adjusted performance of (0.07), and Mean Deviation of 1.9 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KNOTUS CoLtd are expected to decrease at a much lower rate. During the bear market, KNOTUS CoLtd is likely to outperform the market. At this point, KNOTUS CoLtd has a negative expected return of -0.26%. Please make sure to verify KNOTUS CoLtd's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if KNOTUS CoLtd performance from the past will be repeated at future time.
Auto-correlation | 0.47 |
Average predictability
KNOTUS CoLtd has average predictability. Overlapping area represents the amount of predictability between KNOTUS CoLtd time series from 30th of April 2024 to 28th of August 2024 and 28th of August 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 KNOTUS CoLtd price movement. The serial correlation of 0.47 indicates that about 47.0% of current KNOTUS CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 28.4 K |
KNOTUS CoLtd lagged returns against current returns
Autocorrelation, which is KNOTUS CoLtd 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 KNOTUS CoLtd's stock expected returns. We can calculate the autocorrelation of KNOTUS CoLtd returns to help us make a trade decision. For example, suppose you find that KNOTUS CoLtd 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 |
KNOTUS CoLtd 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 KNOTUS CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KNOTUS CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KNOTUS CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
KNOTUS CoLtd Lagged Returns
When evaluating KNOTUS CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KNOTUS CoLtd stock have on its future price. KNOTUS CoLtd 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, KNOTUS CoLtd autocorrelation shows the relationship between KNOTUS CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in KNOTUS CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with KNOTUS CoLtd
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 KNOTUS CoLtd 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 KNOTUS CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with KNOTUS Stock
Moving against KNOTUS Stock
| 0.64 | 041510 | SM Entertainment | PairCorr |
| 0.62 | 035420 | Naver | PairCorr |
| 0.56 | 078160 | MEDIPOST | PairCorr |
| 0.56 | 011390 | Busan Industrial | PairCorr |
| 0.48 | 032640 | LG Uplus | PairCorr |
The ability to find closely correlated positions to KNOTUS CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KNOTUS CoLtd 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 KNOTUS CoLtd - 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 KNOTUS CoLtd to buy it.
The correlation of KNOTUS CoLtd 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 KNOTUS CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KNOTUS 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 KNOTUS CoLtd 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 KNOTUS Stock
KNOTUS CoLtd financial ratios help investors to determine whether KNOTUS 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 KNOTUS with respect to the benefits of owning KNOTUS CoLtd security.