FoodNamoo (Korea) Market Value
| 290720 Stock | 3,040 20.00 0.65% |
| Symbol | FoodNamoo |
FoodNamoo '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 FoodNamoo'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 FoodNamoo.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in FoodNamoo on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding FoodNamoo or generate 0.0% return on investment in FoodNamoo over 90 days. FoodNamoo is related to or competes with Maeil Dairies, Busan Industrial, Finebesteel, Shinhan Inverse, and Hyundai Heavy. More
FoodNamoo 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 FoodNamoo'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 FoodNamoo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 27.91 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 8.63 |
FoodNamoo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FoodNamoo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FoodNamoo's standard deviation. In reality, there are many statistical measures that can use FoodNamoo historical prices to predict the future FoodNamoo's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | 0.8046 |
FoodNamoo Backtested Returns
FoodNamoo secures Sharpe Ratio (or Efficiency) of -0.0692, which denotes the company had a -0.0692% return per unit of risk over the last 3 months. FoodNamoo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FoodNamoo's Mean Deviation of 3.09, variance of 18.93, and Standard Deviation of 4.35 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning FoodNamoo are expected to decrease at a much lower rate. During the bear market, FoodNamoo is likely to outperform the market. At this point, FoodNamoo has a negative expected return of -0.31%. Please make sure to confirm FoodNamoo's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if FoodNamoo performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
FoodNamoo has insignificant reverse predictability. Overlapping area represents the amount of predictability between FoodNamoo time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th of November 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 FoodNamoo price movement. The serial correlation of -0.17 indicates that over 17.0% of current FoodNamoo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 11.1 K |
FoodNamoo lagged returns against current returns
Autocorrelation, which is FoodNamoo 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 FoodNamoo's stock expected returns. We can calculate the autocorrelation of FoodNamoo returns to help us make a trade decision. For example, suppose you find that FoodNamoo 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 |
FoodNamoo 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 FoodNamoo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FoodNamoo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FoodNamoo stock over time.
Current vs Lagged Prices |
| Timeline |
FoodNamoo Lagged Returns
When evaluating FoodNamoo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FoodNamoo stock have on its future price. FoodNamoo 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, FoodNamoo autocorrelation shows the relationship between FoodNamoo stock current value and its past values and can show if there is a momentum factor associated with investing in FoodNamoo.
Regressed Prices |
| Timeline |
Pair Trading with FoodNamoo
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 FoodNamoo 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 FoodNamoo will appreciate offsetting losses from the drop in the long position's value.Moving together with FoodNamoo Stock
Moving against FoodNamoo Stock
The ability to find closely correlated positions to FoodNamoo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FoodNamoo 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 FoodNamoo - 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 FoodNamoo to buy it.
The correlation of FoodNamoo 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 FoodNamoo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FoodNamoo 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 FoodNamoo 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 FoodNamoo Stock
FoodNamoo financial ratios help investors to determine whether FoodNamoo 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 FoodNamoo with respect to the benefits of owning FoodNamoo security.