Homecast CoLtd (Korea) Market Value
| 064240 Stock | KRW 4,630 1,970 74.06% |
| Symbol | Homecast |
Homecast CoLtd '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 Homecast CoLtd'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 Homecast CoLtd.
| 08/21/2023 |
| 06/16/2024 |
If you would invest 0.00 in Homecast CoLtd on August 21, 2023 and sell it all today you would earn a total of 0.00 from holding Homecast CoLtd or generate 0.0% return on investment in Homecast CoLtd over 300 days. Homecast CoLtd is related to or competes with Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, ISU Chemical, and Daou Technology. ,Ltd. develops, manufactures, and sells digital set-top boxes in Korea and internationally More
Homecast CoLtd 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 Homecast CoLtd'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 Homecast CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.64 | |||
| Information Ratio | 0.0406 | |||
| Maximum Drawdown | 27.06 | |||
| Value At Risk | (5.99) | |||
| Potential Upside | 7.3 |
Homecast CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Homecast CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Homecast CoLtd's standard deviation. In reality, there are many statistical measures that can use Homecast CoLtd historical prices to predict the future Homecast CoLtd's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.2755 | |||
| Total Risk Alpha | 0.0186 | |||
| Sortino Ratio | 0.0539 | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Homecast CoLtd'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.
Homecast CoLtd Backtested Returns
Homecast CoLtd is very steady given 3 months investment horizon. Homecast CoLtd holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.51% are justified by taking the suggested risk. Use Homecast CoLtd Downside Deviation of 3.64, risk adjusted performance of 0.0425, and Market Risk Adjusted Performance of (0.13) to evaluate company specific risk that cannot be diversified away. Homecast CoLtd holds a performance score of 10 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.66, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Homecast CoLtd are expected to decrease by larger amounts. On the other hand, during market turmoil, Homecast CoLtd is expected to outperform it. Use Homecast CoLtd semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Homecast CoLtd.
Auto-correlation | -0.32 |
Poor reverse predictability
Homecast CoLtd has poor reverse predictability. Overlapping area represents the amount of predictability between Homecast CoLtd time series from 21st of August 2023 to 18th of January 2024 and 18th of January 2024 to 16th of June 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 Homecast CoLtd price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Homecast CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 59 K |
Homecast CoLtd lagged returns against current returns
Autocorrelation, which is Homecast CoLtd 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 Homecast CoLtd's stock expected returns. We can calculate the autocorrelation of Homecast CoLtd returns to help us make a trade decision. For example, suppose you find that Homecast CoLtd 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 |
Homecast CoLtd 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 Homecast CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Homecast CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Homecast CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Homecast CoLtd Lagged Returns
When evaluating Homecast CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Homecast CoLtd stock have on its future price. Homecast CoLtd 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, Homecast CoLtd autocorrelation shows the relationship between Homecast CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Homecast CoLtd.
Regressed Prices |
| Timeline |
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Homecast CoLtd financial ratios help investors to determine whether Homecast Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Homecast with respect to the benefits of owning Homecast CoLtd security.