Webtoon Entertainment Common Stock Market Value
| WBTN Stock | 11.80 0.40 3.28% |
| Symbol | WEBTOON |
WEBTOON Entertainment Company Valuation
Is Printing and Publishing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WEBTOON Entertainment. If investors know WEBTOON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WEBTOON Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.18) | Revenue Per Share 11.851 | Quarterly Revenue Growth 0.001 |
The market value of WEBTOON Entertainment is measured differently than its book value, which is the value of WEBTOON that is recorded on the company's balance sheet. Investors also form their own opinion of WEBTOON Entertainment's value that differs from its market value or its book value, called intrinsic value, which is WEBTOON Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WEBTOON Entertainment's market value can be influenced by many factors that don't directly affect WEBTOON Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WEBTOON Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if WEBTOON Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WEBTOON Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
WEBTOON Entertainment '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 WEBTOON Entertainment'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 WEBTOON Entertainment.
| 08/30/2024 |
| 09/29/2024 |
If you would invest 0.00 in WEBTOON Entertainment on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding WEBTOON Entertainment Common or generate 0.0% return on investment in WEBTOON Entertainment over 30 days. WEBTOON Entertainment is related to or competes with Relx PLC, Enersys, Daily Journal, Eldorado Gold, Skillful Craftsman, and CECO Environmental. WEBTOON Entertainment is entity of United States More
WEBTOON Entertainment 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 WEBTOON Entertainment'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 WEBTOON Entertainment Common upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 55.17 | |||
| Value At Risk | (7.72) | |||
| Potential Upside | 7.31 |
WEBTOON Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WEBTOON Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WEBTOON Entertainment's standard deviation. In reality, there are many statistical measures that can use WEBTOON Entertainment historical prices to predict the future WEBTOON Entertainment's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.97) | |||
| Total Risk Alpha | (1.71) | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WEBTOON Entertainment'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.
WEBTOON Entertainment Backtested Returns
WEBTOON Entertainment retains Efficiency (Sharpe Ratio) of -0.0997, which attests that the company had a -0.0997% return per unit of volatility over the last 3 months. WEBTOON Entertainment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WEBTOON Entertainment's Mean Deviation of 3.99, information ratio of (0.13), and Market Risk Adjusted Performance of (0.41) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.82, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, WEBTOON Entertainment will likely underperform. At this point, WEBTOON Entertainment has a negative expected return of -0.68%. Please make sure to check out WEBTOON Entertainment's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if WEBTOON Entertainment performance from the past will be repeated in the future.
Auto-correlation | -0.56 |
Good reverse predictability
WEBTOON Entertainment Common has good reverse predictability. Overlapping area represents the amount of predictability between WEBTOON Entertainment time series from 30th of August 2024 to 14th of September 2024 and 14th of September 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 WEBTOON Entertainment price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current WEBTOON Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
WEBTOON Entertainment lagged returns against current returns
Autocorrelation, which is WEBTOON Entertainment 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 WEBTOON Entertainment's stock expected returns. We can calculate the autocorrelation of WEBTOON Entertainment returns to help us make a trade decision. For example, suppose you find that WEBTOON Entertainment 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 |
WEBTOON Entertainment 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 WEBTOON Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WEBTOON Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WEBTOON Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
WEBTOON Entertainment Lagged Returns
When evaluating WEBTOON Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WEBTOON Entertainment stock have on its future price. WEBTOON Entertainment 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, WEBTOON Entertainment autocorrelation shows the relationship between WEBTOON Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in WEBTOON Entertainment Common.
Regressed Prices |
| Timeline |
Pair Trading with WEBTOON Entertainment
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 WEBTOON Entertainment 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 WEBTOON Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with WEBTOON Stock
Moving against WEBTOON Stock
| 0.88 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.68 | ZM | Zoom Video Communications | PairCorr |
| 0.66 | BL | Blackline | PairCorr |
| 0.64 | DJCO | Daily Journal Corp | PairCorr |
| 0.56 | U | Unity Software Aggressive Push | PairCorr |
The ability to find closely correlated positions to WEBTOON Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WEBTOON Entertainment 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 WEBTOON Entertainment - 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 WEBTOON Entertainment Common to buy it.
The correlation of WEBTOON Entertainment 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 WEBTOON Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WEBTOON Entertainment 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 WEBTOON Entertainment 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.Additional Information and Resources on Investing in WEBTOON Stock
When determining whether WEBTOON Entertainment offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WEBTOON Entertainment's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Webtoon Entertainment Common Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Webtoon Entertainment Common Stock:Check out WEBTOON Entertainment Correlation, WEBTOON Entertainment Volatility and WEBTOON Entertainment Alpha and Beta module to complement your research on WEBTOON Entertainment. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
WEBTOON Entertainment 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.