Coreana Cosmetics (Korea) Market Value
| 027050 Stock | KRW 3,075 35.00 1.13% |
| Symbol | Coreana |
Coreana Cosmetics '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 Coreana Cosmetics' 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 Coreana Cosmetics.
| 05/17/2022 |
| 05/06/2024 |
If you would invest 0.00 in Coreana Cosmetics on May 17, 2022 and sell it all today you would earn a total of 0.00 from holding Coreana Cosmetics CoLtd or generate 0.0% return on investment in Coreana Cosmetics over 720 days. Coreana Cosmetics is related to or competes with People Technology, PJ Metal, Duksan Hi, Dongil Metal, Kukil Metal, Heungkuk Metaltech, and Dongwon Metal. It provides skincare, makeup, Korean herbal, body care, perfume, and health products More
Coreana Cosmetics 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 Coreana Cosmetics' 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 Coreana Cosmetics CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0599 | |||
| Maximum Drawdown | 11.07 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 4.63 |
Coreana Cosmetics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coreana Cosmetics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coreana Cosmetics' standard deviation. In reality, there are many statistical measures that can use Coreana Cosmetics historical prices to predict the future Coreana Cosmetics' volatility.| Risk Adjusted Performance | 0.0696 | |||
| Jensen Alpha | 0.2229 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0823 | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Coreana Cosmetics' 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.
Coreana Cosmetics CoLtd Backtested Returns
Coreana Cosmetics appears to be very steady, given 3 months investment horizon. Coreana Cosmetics CoLtd secures Sharpe Ratio (or Efficiency) of 0.0994, which signifies that the company had a 0.0994% return per unit of risk over the last 3 months. We have found thirty technical indicators for Coreana Cosmetics CoLtd, which you can use to evaluate the volatility of the firm. Please makes use of Coreana Cosmetics' Downside Deviation of 1.46, risk adjusted performance of 0.0696, and Mean Deviation of 1.42 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Coreana Cosmetics holds a performance score of 7. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Coreana Cosmetics are expected to decrease at a much lower rate. During the bear market, Coreana Cosmetics is likely to outperform the market. Please check Coreana Cosmetics' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Coreana Cosmetics' price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Coreana Cosmetics CoLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Coreana Cosmetics time series from 17th of May 2022 to 12th of May 2023 and 12th of May 2023 to 6th 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 Coreana Cosmetics CoLtd price movement. The serial correlation of -0.17 indicates that over 17.0% of current Coreana Cosmetics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 224.5 K |
Coreana Cosmetics CoLtd lagged returns against current returns
Autocorrelation, which is Coreana Cosmetics 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 Coreana Cosmetics' stock expected returns. We can calculate the autocorrelation of Coreana Cosmetics returns to help us make a trade decision. For example, suppose you find that Coreana Cosmetics 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 |
Coreana Cosmetics 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 Coreana Cosmetics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coreana Cosmetics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coreana Cosmetics stock over time.
Current vs Lagged Prices |
| Timeline |
Coreana Cosmetics Lagged Returns
When evaluating Coreana Cosmetics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coreana Cosmetics stock have on its future price. Coreana Cosmetics 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, Coreana Cosmetics autocorrelation shows the relationship between Coreana Cosmetics stock current value and its past values and can show if there is a momentum factor associated with investing in Coreana Cosmetics CoLtd.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Coreana Cosmetics Correlation, Coreana Cosmetics Volatility and Coreana Cosmetics Alpha and Beta module to complement your research on Coreana Cosmetics. Note that the Coreana Cosmetics CoLtd information on this page should be used as a complementary analysis to other Coreana Cosmetics' 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Coreana Stock analysis
When running Coreana Cosmetics' price analysis, check to measure Coreana Cosmetics' 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 Coreana Cosmetics is operating at the current time. Most of Coreana Cosmetics' value examination focuses on studying past and present price action to predict the probability of Coreana Cosmetics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coreana Cosmetics' price. Additionally, you may evaluate how the addition of Coreana Cosmetics to your portfolios can decrease your overall portfolio volatility.
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Coreana Cosmetics 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.