Kginicis CoLtd (Korea) Market Value
| 035600 Stock | KRW 12,010 90.00 0.76% |
| Symbol | Kginicis |
Kginicis 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 Kginicis 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 Kginicis CoLtd.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Kginicis CoLtd on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Kginicis CoLtd or generate 0.0% return on investment in Kginicis CoLtd over 30 days. Kginicis CoLtd is related to or competes with Soulbrain Holdings, NICE Total, Geumhwa Plant, and AfreecaTV. The company is involved in the development, sale, and provision of online information solutions and data service, book p... More
Kginicis 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 Kginicis 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 Kginicis CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.2 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.72 |
Kginicis CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kginicis CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kginicis CoLtd's standard deviation. In reality, there are many statistical measures that can use Kginicis CoLtd historical prices to predict the future Kginicis CoLtd's volatility.| Risk Adjusted Performance | (0.0002) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kginicis CoLtd's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kginicis CoLtd Backtested Returns
Kginicis CoLtd has Sharpe Ratio of -0.0334, which conveys that the firm had a -0.0334% return per unit of risk over the last 3 months. Kginicis CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kginicis CoLtd's Mean Deviation of 1.16, risk adjusted performance of (0.0002), and Standard Deviation of 1.69 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kginicis CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kginicis CoLtd is expected to be smaller as well. Kginicis CoLtd has an expected return of -0.0566%. Please make sure to verify Kginicis CoLtd market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Kginicis CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Kginicis CoLtd has good predictability. Overlapping area represents the amount of predictability between Kginicis CoLtd time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Kginicis CoLtd price movement. The serial correlation of 0.74 indicates that around 74.0% of current Kginicis CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 32.1 K |
Kginicis CoLtd lagged returns against current returns
Autocorrelation, which is Kginicis 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 Kginicis CoLtd's stock expected returns. We can calculate the autocorrelation of Kginicis CoLtd returns to help us make a trade decision. For example, suppose you find that Kginicis 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 |
Kginicis 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 Kginicis CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kginicis CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kginicis CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Kginicis CoLtd Lagged Returns
When evaluating Kginicis CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kginicis CoLtd stock have on its future price. Kginicis 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, Kginicis CoLtd autocorrelation shows the relationship between Kginicis CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Kginicis CoLtd.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Kginicis CoLtd Correlation, Kginicis CoLtd Volatility and Kginicis CoLtd Alpha and Beta module to complement your research on Kginicis CoLtd. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Kginicis Stock analysis
When running Kginicis CoLtd's price analysis, check to measure Kginicis CoLtd's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kginicis CoLtd is operating at the current time. Most of Kginicis CoLtd's value examination focuses on studying past and present price action to predict the probability of Kginicis CoLtd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kginicis CoLtd's price. Additionally, you may evaluate how the addition of Kginicis CoLtd to your portfolios can decrease your overall portfolio volatility.
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Kginicis CoLtd technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.