Vitzro Tech (Korea) Market Value
| 042370 Stock | KRW 8,550 20.00 0.23% |
| Symbol | Vitzro |
Vitzro Tech '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 Vitzro Tech'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 Vitzro Tech.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Vitzro Tech on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Vitzro Tech Co or generate 0.0% return on investment in Vitzro Tech over 30 days. Vitzro Tech is related to or competes with Jb Financial, Nh Investment, SK Chemicals, and DB Financial. Ltd manufactures and sells parts for electricity generation in South Korea More
Vitzro Tech 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 Vitzro Tech'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 Vitzro Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.0512 | |||
| Maximum Drawdown | 17.12 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.62 |
Vitzro Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vitzro Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vitzro Tech's standard deviation. In reality, there are many statistical measures that can use Vitzro Tech historical prices to predict the future Vitzro Tech's volatility.| Risk Adjusted Performance | 0.0545 | |||
| Jensen Alpha | 0.1793 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0545 | |||
| Treynor Ratio | (1.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vitzro Tech'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.
Vitzro Tech Backtested Returns
Vitzro Tech appears to be very steady, given 3 months investment horizon. Vitzro Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0791, which indicates the firm had a 0.0791% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vitzro Tech Co, which you can use to evaluate the volatility of the company. Please review Vitzro Tech's Coefficient Of Variation of 1365.51, risk adjusted performance of 0.0545, and Semi Deviation of 2.13 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vitzro Tech holds a performance score of 6. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vitzro Tech are expected to decrease at a much lower rate. During the bear market, Vitzro Tech is likely to outperform the market. Please check Vitzro Tech's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Vitzro Tech's existing price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Vitzro Tech Co has poor reverse predictability. Overlapping area represents the amount of predictability between Vitzro Tech 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 Vitzro Tech price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Vitzro Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 44.6 K |
Vitzro Tech lagged returns against current returns
Autocorrelation, which is Vitzro Tech 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 Vitzro Tech's stock expected returns. We can calculate the autocorrelation of Vitzro Tech returns to help us make a trade decision. For example, suppose you find that Vitzro Tech 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 |
Vitzro Tech 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 Vitzro Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vitzro Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vitzro Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Vitzro Tech Lagged Returns
When evaluating Vitzro Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vitzro Tech stock have on its future price. Vitzro Tech 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, Vitzro Tech autocorrelation shows the relationship between Vitzro Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Vitzro Tech Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Vitzro Tech Correlation, Vitzro Tech Volatility and Vitzro Tech Alpha and Beta module to complement your research on Vitzro Tech. Note that the Vitzro Tech information on this page should be used as a complementary analysis to other Vitzro Tech'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Vitzro Stock analysis
When running Vitzro Tech's price analysis, check to measure Vitzro Tech'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 Vitzro Tech is operating at the current time. Most of Vitzro Tech's value examination focuses on studying past and present price action to predict the probability of Vitzro Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vitzro Tech's price. Additionally, you may evaluate how the addition of Vitzro Tech to your portfolios can decrease your overall portfolio volatility.
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Vitzro Tech 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.