Kakao Games (Korea) Market Value
| 293490 Stock | KRW 18,150 170.00 0.95% |
| Symbol | Kakao |
Kakao Games '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 Kakao Games' 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 Kakao Games.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kakao Games on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Kakao Games Corp or generate 0.0% return on investment in Kakao Games over 90 days. Kakao Games is related to or competes with Devsisters Corporation, Konan Technology, Nice Information, and InfoBank. Kakao Games Corporation operates a mobile and PC online game service platform for gamers worldwide More
Kakao Games 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 Kakao Games' 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 Kakao Games Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.94 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.53 |
Kakao Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kakao Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kakao Games' standard deviation. In reality, there are many statistical measures that can use Kakao Games historical prices to predict the future Kakao Games' volatility.| Risk Adjusted Performance | 0.0095 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.01) |
Kakao Games Corp Backtested Returns
At this point, Kakao Games is very steady. Kakao Games Corp has Sharpe Ratio of 0.0129, which conveys that the firm had a 0.0129% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kakao Games, which you can use to evaluate the volatility of the firm. Please verify Kakao Games' Risk Adjusted Performance of 0.0095, mean deviation of 1.94, and Downside Deviation of 2.41 to check out if the risk estimate we provide is consistent with the expected return of 0.0321%. Kakao Games has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kakao Games' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kakao Games is expected to be smaller as well. Kakao Games Corp right now secures a risk of 2.48%. Please verify Kakao Games Corp downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Kakao Games Corp will be following its current price movements.
Auto-correlation | -0.38 |
Poor reverse predictability
Kakao Games Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Kakao Games time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 Kakao Games Corp price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Kakao Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 638.5 K |
Kakao Games Corp lagged returns against current returns
Autocorrelation, which is Kakao Games 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 Kakao Games' stock expected returns. We can calculate the autocorrelation of Kakao Games returns to help us make a trade decision. For example, suppose you find that Kakao Games 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 |
Kakao Games 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 Kakao Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kakao Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kakao Games stock over time.
Current vs Lagged Prices |
| Timeline |
Kakao Games Lagged Returns
When evaluating Kakao Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kakao Games stock have on its future price. Kakao Games 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, Kakao Games autocorrelation shows the relationship between Kakao Games stock current value and its past values and can show if there is a momentum factor associated with investing in Kakao Games Corp.
Regressed Prices |
| Timeline |
Pair Trading with Kakao Games
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 Kakao Games 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 Kakao Games will appreciate offsetting losses from the drop in the long position's value.Moving together with Kakao Stock
Moving against Kakao Stock
The ability to find closely correlated positions to Kakao Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kakao Games 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 Kakao Games - 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 Kakao Games Corp to buy it.
The correlation of Kakao Games 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 Kakao Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kakao Games Corp 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 Kakao Games 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 Kakao Stock
Kakao Games financial ratios help investors to determine whether Kakao 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 Kakao with respect to the benefits of owning Kakao Games security.