BioSmart CoLtd (Korea) Market Value
| 038460 Stock | KRW 5,540 440.00 8.63% |
| Symbol | BioSmart |
BioSmart 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 BioSmart 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 BioSmart CoLtd.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in BioSmart CoLtd on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding BioSmart CoLtd or generate 0.0% return on investment in BioSmart CoLtd over 30 days. BioSmart CoLtd is related to or competes with KB Financial, Hana Financial, Woori Financial, and Samsung Electronics. ,Ltd. manufactures and sells magnetic stripe cards in South Korea More
BioSmart 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 BioSmart 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 BioSmart CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.165 | |||
| Maximum Drawdown | 46.37 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 8.63 |
BioSmart CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BioSmart CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BioSmart CoLtd's standard deviation. In reality, there are many statistical measures that can use BioSmart CoLtd historical prices to predict the future BioSmart CoLtd's volatility.| Risk Adjusted Performance | 0.1221 | |||
| Jensen Alpha | 0.9735 | |||
| Total Risk Alpha | 0.4918 | |||
| Sortino Ratio | 0.2603 | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BioSmart 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.
BioSmart CoLtd Backtested Returns
BioSmart CoLtd is very steady given 3 months investment horizon. BioSmart CoLtd secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% 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 1.02% are justified by taking the suggested risk. Use BioSmart CoLtd Downside Deviation of 3.19, risk adjusted performance of 0.1221, and Mean Deviation of 2.61 to evaluate company specific risk that cannot be diversified away. BioSmart CoLtd holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.9, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning BioSmart CoLtd are expected to decrease by larger amounts. On the other hand, during market turmoil, BioSmart CoLtd is expected to outperform it. Use BioSmart CoLtd standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on BioSmart CoLtd.
Auto-correlation | 0.02 |
Virtually no predictability
BioSmart CoLtd has virtually no predictability. Overlapping area represents the amount of predictability between BioSmart CoLtd time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd 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 BioSmart CoLtd price movement. The serial correlation of 0.02 indicates that only 2.0% of current BioSmart CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 143.7 K |
BioSmart CoLtd lagged returns against current returns
Autocorrelation, which is BioSmart 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 BioSmart CoLtd's stock expected returns. We can calculate the autocorrelation of BioSmart CoLtd returns to help us make a trade decision. For example, suppose you find that BioSmart 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 |
BioSmart 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 BioSmart CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BioSmart CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BioSmart CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
BioSmart CoLtd Lagged Returns
When evaluating BioSmart CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BioSmart CoLtd stock have on its future price. BioSmart 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, BioSmart CoLtd autocorrelation shows the relationship between BioSmart CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in BioSmart CoLtd.
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 BioSmart CoLtd 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, BioSmart CoLtd's short interest history, or implied volatility extrapolated from BioSmart CoLtd options trading.
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Check out BioSmart CoLtd Correlation, BioSmart CoLtd Volatility and BioSmart CoLtd Alpha and Beta module to complement your research on BioSmart CoLtd. Note that the BioSmart CoLtd information on this page should be used as a complementary analysis to other BioSmart CoLtd'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for BioSmart Stock analysis
When running BioSmart CoLtd's price analysis, check to measure BioSmart CoLtd'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 BioSmart CoLtd is operating at the current time. Most of BioSmart CoLtd's value examination focuses on studying past and present price action to predict the probability of BioSmart CoLtd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioSmart CoLtd's price. Additionally, you may evaluate how the addition of BioSmart CoLtd to your portfolios can decrease your overall portfolio volatility.
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BioSmart CoLtd 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.