FLITTO (Korea) Market Value
| 300080 Stock | KRW 30,500 500.00 1.67% |
| Symbol | FLITTO |
FLITTO '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 FLITTO'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 FLITTO.
| 03/04/2024 |
| 05/03/2024 |
If you would invest 0.00 in FLITTO on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding FLITTO Inc or generate 0.0% return on investment in FLITTO over 60 days. FLITTO is related to or competes with SM Entertainment, TJ Media, National Plastic, Kaonmedia, and WONIK Materials. Flitto Inc., an integrated platform and language data company, provides various translation services More
FLITTO 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 FLITTO'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 FLITTO Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 31.98 | |||
| Value At Risk | (7.00) | |||
| Potential Upside | 7.39 |
FLITTO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FLITTO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FLITTO's standard deviation. In reality, there are many statistical measures that can use FLITTO historical prices to predict the future FLITTO's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (1.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FLITTO'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.
FLITTO Inc Backtested Returns
FLITTO Inc secures Sharpe Ratio (or Efficiency) of -0.0223, which denotes the company had a -0.0223% return per unit of return volatility over the last 3 months. FLITTO Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FLITTO's standard deviation of 5.27, and Mean Deviation of 3.62 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, FLITTO's returns are expected to increase less than the market. However, during the bear market, the loss of holding FLITTO is expected to be smaller as well. FLITTO Inc has an expected return of -0.0938%. Please make sure to confirm FLITTO Inc standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if FLITTO Inc performance from the past will be repeated in the future.
Auto-correlation | -0.27 |
Weak reverse predictability
FLITTO Inc has weak reverse predictability. Overlapping area represents the amount of predictability between FLITTO time series from 4th of March 2024 to 3rd of April 2024 and 3rd 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 FLITTO Inc price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current FLITTO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 4.5 M |
FLITTO Inc lagged returns against current returns
Autocorrelation, which is FLITTO 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 FLITTO's stock expected returns. We can calculate the autocorrelation of FLITTO returns to help us make a trade decision. For example, suppose you find that FLITTO 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 |
FLITTO 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 FLITTO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FLITTO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FLITTO stock over time.
Current vs Lagged Prices |
| Timeline |
FLITTO Lagged Returns
When evaluating FLITTO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FLITTO stock have on its future price. FLITTO 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, FLITTO autocorrelation shows the relationship between FLITTO stock current value and its past values and can show if there is a momentum factor associated with investing in FLITTO Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out FLITTO Correlation, FLITTO Volatility and FLITTO Alpha and Beta module to complement your research on FLITTO. Note that the FLITTO Inc information on this page should be used as a complementary analysis to other FLITTO'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for FLITTO Stock analysis
When running FLITTO's price analysis, check to measure FLITTO'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 FLITTO is operating at the current time. Most of FLITTO's value examination focuses on studying past and present price action to predict the probability of FLITTO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FLITTO's price. Additionally, you may evaluate how the addition of FLITTO to your portfolios can decrease your overall portfolio volatility.
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FLITTO 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.