FINEDIGITAL (Korea) Market Value
| 038950 Stock | KRW 4,325 30.00 0.70% |
| Symbol | FINEDIGITAL |
FINEDIGITAL '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 FINEDIGITAL'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 FINEDIGITAL.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in FINEDIGITAL on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding FINEDIGITAL or generate 0.0% return on investment in FINEDIGITAL over 30 days. FINEDIGITAL is related to or competes with Korean Drug, Keum Kang, Hironic, Dongbang Transport, DhSteel, Echomarketing CoLtd, and Samhyun Steel. FINEDIGITAL Inc. develops, manufactures, and sells products and solutions in the fields of mobile telecommunication and ... More
FINEDIGITAL 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 FINEDIGITAL'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 FINEDIGITAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.22 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.09 |
FINEDIGITAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FINEDIGITAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FINEDIGITAL's standard deviation. In reality, there are many statistical measures that can use FINEDIGITAL historical prices to predict the future FINEDIGITAL's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 1.49 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FINEDIGITAL'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.
FINEDIGITAL Backtested Returns
FINEDIGITAL secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the company had a -0.2% return per unit of risk over the last @@bw1EO months. FINEDIGITAL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FINEDIGITAL's Standard Deviation of 1.63, coefficient of variation of (497.97), and Mean Deviation of 1.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FINEDIGITAL are expected to decrease at a much lower rate. During the bear market, FINEDIGITAL is likely to outperform the market. FINEDIGITAL has an expected return of -0.33%. Please make sure to confirm FINEDIGITAL jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if FINEDIGITAL performance from the past will be repeated in the future.
Auto-correlation | 0.47 |
Average predictability
FINEDIGITAL has average predictability. Overlapping area represents the amount of predictability between FINEDIGITAL time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 FINEDIGITAL price movement. The serial correlation of 0.47 indicates that about 47.0% of current FINEDIGITAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1286.78 |
FINEDIGITAL lagged returns against current returns
Autocorrelation, which is FINEDIGITAL 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 FINEDIGITAL's stock expected returns. We can calculate the autocorrelation of FINEDIGITAL returns to help us make a trade decision. For example, suppose you find that FINEDIGITAL 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 |
FINEDIGITAL 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 FINEDIGITAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FINEDIGITAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FINEDIGITAL stock over time.
Current vs Lagged Prices |
| Timeline |
FINEDIGITAL Lagged Returns
When evaluating FINEDIGITAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FINEDIGITAL stock have on its future price. FINEDIGITAL 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, FINEDIGITAL autocorrelation shows the relationship between FINEDIGITAL stock current value and its past values and can show if there is a momentum factor associated with investing in FINEDIGITAL.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out FINEDIGITAL Correlation, FINEDIGITAL Volatility and FINEDIGITAL Alpha and Beta module to complement your research on FINEDIGITAL. Note that the FINEDIGITAL information on this page should be used as a complementary analysis to other FINEDIGITAL'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for FINEDIGITAL Stock analysis
When running FINEDIGITAL's price analysis, check to measure FINEDIGITAL'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 FINEDIGITAL is operating at the current time. Most of FINEDIGITAL's value examination focuses on studying past and present price action to predict the probability of FINEDIGITAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FINEDIGITAL's price. Additionally, you may evaluate how the addition of FINEDIGITAL to your portfolios can decrease your overall portfolio volatility.
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FINEDIGITAL 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.