Welcron Company (Korea) Market Value
| 065950 Stock | KRW 2,770 15.00 0.54% |
| Symbol | Welcron |
Welcron Company '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 Welcron Company'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 Welcron Company.
| 04/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Welcron Company on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Welcron Company Limited or generate 0.0% return on investment in Welcron Company over 30 days. Welcron Company is related to or competes with LG Household, Shinsegae Information, Woorim Machinery, Digital Power, KCC Engineering, Korea Information, and Homecast CoLtd. Welcron Company Limited operates in the microfiber market worldwide More
Welcron Company 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 Welcron Company'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 Welcron Company Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.94 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.85 |
Welcron Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Welcron Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Welcron Company's standard deviation. In reality, there are many statistical measures that can use Welcron Company historical prices to predict the future Welcron Company's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.3078 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Welcron Company'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.
Welcron Limited Backtested Returns
Welcron Limited shows Sharpe Ratio of -0.0369, which attests that the company had a -0.0369% return per unit of risk over the last 3 months. Welcron Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Welcron Company's Market Risk Adjusted Performance of 0.3178, mean deviation of 0.8515, and Standard Deviation of 1.28 to validate the risk estimate we provide. The firm maintains a market beta of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Welcron Company are expected to decrease at a much lower rate. During the bear market, Welcron Company is likely to outperform the market. Welcron Limited has an expected return of -0.0473%. Please make sure to check out Welcron Limited coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Welcron Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Welcron Company Limited has very weak predictability. Overlapping area represents the amount of predictability between Welcron Company time series from 11th of April 2024 to 26th of April 2024 and 26th of April 2024 to 11th 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 Welcron Limited price movement. The serial correlation of 0.16 indicates that over 16.0% of current Welcron Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 377.25 |
Welcron Limited lagged returns against current returns
Autocorrelation, which is Welcron Company 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 Welcron Company's stock expected returns. We can calculate the autocorrelation of Welcron Company returns to help us make a trade decision. For example, suppose you find that Welcron Company 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 |
Welcron Company 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 Welcron Company stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Welcron Company stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Welcron Company stock over time.
Current vs Lagged Prices |
| Timeline |
Welcron Company Lagged Returns
When evaluating Welcron Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Welcron Company stock have on its future price. Welcron Company 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, Welcron Company autocorrelation shows the relationship between Welcron Company stock current value and its past values and can show if there is a momentum factor associated with investing in Welcron Company Limited.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Welcron Company in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Welcron Company's short interest history, or implied volatility extrapolated from Welcron Company options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Welcron Company Correlation, Welcron Company Volatility and Welcron Company Alpha and Beta module to complement your research on Welcron Company. Note that the Welcron Limited information on this page should be used as a complementary analysis to other Welcron Company'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Welcron Stock analysis
When running Welcron Company's price analysis, check to measure Welcron Company'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 Welcron Company is operating at the current time. Most of Welcron Company's value examination focuses on studying past and present price action to predict the probability of Welcron Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welcron Company's price. Additionally, you may evaluate how the addition of Welcron Company to your portfolios can decrease your overall portfolio volatility.
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| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
Welcron Company 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.