VITZROCELL CoLtd (Korea) Market Value
| 082920 Stock | KRW 17,270 140.00 0.82% |
| Symbol | VITZROCELL |
VITZROCELL 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 VITZROCELL 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 VITZROCELL CoLtd.
| 03/01/2024 |
| 04/30/2024 |
If you would invest 0.00 in VITZROCELL CoLtd on March 1, 2024 and sell it all today you would earn a total of 0.00 from holding VITZROCELL CoLtd or generate 0.0% return on investment in VITZROCELL CoLtd over 60 days. VITZROCELL CoLtd is related to or competes with Samchuly Bicycle, SFA Engineering, and UJU Electronics. VITZROCELL Co., Ltd. manufactures and sells lithium primary and special batteries in South Korea More
VITZROCELL 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 VITZROCELL 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 VITZROCELL CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0143 | |||
| Maximum Drawdown | 8.66 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.0 |
VITZROCELL CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VITZROCELL CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VITZROCELL CoLtd's standard deviation. In reality, there are many statistical measures that can use VITZROCELL CoLtd historical prices to predict the future VITZROCELL CoLtd's volatility.| Risk Adjusted Performance | 0.0454 | |||
| Jensen Alpha | 0.0999 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0137 | |||
| Treynor Ratio | 1.38 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VITZROCELL 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.
VITZROCELL CoLtd Backtested Returns
VITZROCELL CoLtd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0078, which indicates the firm had a -0.0078% return per unit of risk over the last 3 months. VITZROCELL CoLtd exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VITZROCELL CoLtd's Coefficient Of Variation of 1611.8, risk adjusted performance of 0.0454, and Semi Deviation of 1.82 to confirm the risk estimate we provide. The entity has a beta of 0.0766, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VITZROCELL CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding VITZROCELL CoLtd is expected to be smaller as well. VITZROCELL CoLtd has an expected return of -0.0146%. Please make sure to validate VITZROCELL CoLtd total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if VITZROCELL CoLtd performance from the past will be repeated at some future point.
Auto-correlation | -0.29 |
Weak reverse predictability
VITZROCELL CoLtd has weak reverse predictability. Overlapping area represents the amount of predictability between VITZROCELL CoLtd time series from 1st of March 2024 to 31st of March 2024 and 31st of March 2024 to 30th of April 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 VITZROCELL CoLtd price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current VITZROCELL CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 135.2 K |
VITZROCELL CoLtd lagged returns against current returns
Autocorrelation, which is VITZROCELL 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 VITZROCELL CoLtd's stock expected returns. We can calculate the autocorrelation of VITZROCELL CoLtd returns to help us make a trade decision. For example, suppose you find that VITZROCELL 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 |
VITZROCELL 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 VITZROCELL CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VITZROCELL CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VITZROCELL CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
VITZROCELL CoLtd Lagged Returns
When evaluating VITZROCELL CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VITZROCELL CoLtd stock have on its future price. VITZROCELL 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, VITZROCELL CoLtd autocorrelation shows the relationship between VITZROCELL CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in VITZROCELL CoLtd.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards VITZROCELL CoLtd in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, VITZROCELL CoLtd's short interest history, or implied volatility extrapolated from VITZROCELL CoLtd options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out VITZROCELL CoLtd Correlation, VITZROCELL CoLtd Volatility and VITZROCELL CoLtd Alpha and Beta module to complement your research on VITZROCELL CoLtd. Note that the VITZROCELL CoLtd information on this page should be used as a complementary analysis to other VITZROCELL CoLtd's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for VITZROCELL Stock analysis
When running VITZROCELL CoLtd's price analysis, check to measure VITZROCELL 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 VITZROCELL CoLtd is operating at the current time. Most of VITZROCELL CoLtd's value examination focuses on studying past and present price action to predict the probability of VITZROCELL 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 VITZROCELL CoLtd's price. Additionally, you may evaluate how the addition of VITZROCELL CoLtd to your portfolios can decrease your overall portfolio volatility.
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VITZROCELL 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.