Devsisters Corporation (Korea) Market Value
| 194480 Stock | KRW 39,250 1,200 3.15% |
| Symbol | Devsisters |
Devsisters Corporation '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 Devsisters Corporation'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 Devsisters Corporation.
| 07/31/2024 |
| 09/29/2024 |
If you would invest 0.00 in Devsisters Corporation on July 31, 2024 and sell it all today you would earn a total of 0.00 from holding Devsisters corporation or generate 0.0% return on investment in Devsisters Corporation over 60 days. Devsisters Corporation is related to or competes with KB Financial, Shinhan Financial, Hyundai, Hyundai, Hyundai, Woori Financial, and SK Holdings. Devsisters corporation develops mobile games in South Korea and internationally More
Devsisters Corporation 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 Devsisters Corporation'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 Devsisters corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 53.27 | |||
| Value At Risk | (6.53) | |||
| Potential Upside | 5.34 |
Devsisters Corporation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Devsisters Corporation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Devsisters Corporation's standard deviation. In reality, there are many statistical measures that can use Devsisters Corporation historical prices to predict the future Devsisters Corporation's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (1.22) | |||
| Treynor Ratio | 1.96 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Devsisters Corporation'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.
Devsisters corporation Backtested Returns
Devsisters corporation secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the company had a -0.2% return per unit of risk over the last 3 months. Devsisters corporation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Devsisters Corporation's Variance of 33.93, standard deviation of 5.83, and Mean Deviation of 3.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Devsisters Corporation are expected to decrease at a much lower rate. During the bear market, Devsisters Corporation is likely to outperform the market. At this point, Devsisters corporation has a negative expected return of -0.68%. Please make sure to confirm Devsisters Corporation's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Devsisters corporation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Devsisters corporation has poor predictability. Overlapping area represents the amount of predictability between Devsisters Corporation time series from 31st of July 2024 to 30th of August 2024 and 30th of August 2024 to 29th of September 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 Devsisters corporation price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Devsisters Corporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 M |
Devsisters corporation lagged returns against current returns
Autocorrelation, which is Devsisters Corporation 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 Devsisters Corporation's stock expected returns. We can calculate the autocorrelation of Devsisters Corporation returns to help us make a trade decision. For example, suppose you find that Devsisters Corporation 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 |
Devsisters Corporation 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 Devsisters Corporation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Devsisters Corporation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Devsisters Corporation stock over time.
Current vs Lagged Prices |
| Timeline |
Devsisters Corporation Lagged Returns
When evaluating Devsisters Corporation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Devsisters Corporation stock have on its future price. Devsisters Corporation 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, Devsisters Corporation autocorrelation shows the relationship between Devsisters Corporation stock current value and its past values and can show if there is a momentum factor associated with investing in Devsisters corporation.
Regressed Prices |
| Timeline |
Pair Trading with Devsisters Corporation
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 Devsisters Corporation 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 Devsisters Corporation will appreciate offsetting losses from the drop in the long position's value.Moving together with Devsisters Stock
Moving against Devsisters Stock
The ability to find closely correlated positions to Devsisters Corporation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devsisters Corporation 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 Devsisters Corporation - 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 Devsisters corporation to buy it.
The correlation of Devsisters Corporation 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 Devsisters Corporation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devsisters corporation 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 Devsisters Corporation 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 Devsisters Stock
Devsisters Corporation financial ratios help investors to determine whether Devsisters 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 Devsisters with respect to the benefits of owning Devsisters Corporation security.