Victek (Korea) Market Value
| 065450 Stock | 4,590 160.00 3.37% |
| Symbol | Victek |
Victek '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 Victek'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 Victek.
| 07/07/2023 |
| 05/02/2024 |
If you would invest 0.00 in Victek on July 7, 2023 and sell it all today you would earn a total of 0.00 from holding Victek Co or generate 0.0% return on investment in Victek over 300 days. Victek is related to or competes with Busan Industrial. Victek Co., Ltd. offer electronic warfare systems and power supply devices for military in South Korea. More
Victek 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 Victek'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 Victek Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.53 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 3.77 |
Victek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victek's standard deviation. In reality, there are many statistical measures that can use Victek historical prices to predict the future Victek's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victek'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.
Victek Backtested Returns
Victek owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0727, which indicates the firm had a -0.0727% return per unit of risk over the last 3 months. Victek Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Victek's Variance of 7.67, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,323) to confirm the risk estimate we provide. The entity has a beta of -0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Victek are expected to decrease at a much lower rate. During the bear market, Victek is likely to outperform the market. Victek has an expected return of -0.2%. Please make sure to validate Victek standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Victek performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Victek Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Victek time series from 7th of July 2023 to 4th of December 2023 and 4th of December 2023 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 Victek price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Victek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 252.1 K |
Victek lagged returns against current returns
Autocorrelation, which is Victek 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 Victek's stock expected returns. We can calculate the autocorrelation of Victek returns to help us make a trade decision. For example, suppose you find that Victek 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 |
Victek 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 Victek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Victek stock over time.
Current vs Lagged Prices |
| Timeline |
Victek Lagged Returns
When evaluating Victek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victek stock have on its future price. Victek 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, Victek autocorrelation shows the relationship between Victek stock current value and its past values and can show if there is a momentum factor associated with investing in Victek Co.
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 Victek 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, Victek's short interest history, or implied volatility extrapolated from Victek options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Victek Correlation, Victek Volatility and Victek Alpha and Beta module to complement your research on Victek. Note that the Victek information on this page should be used as a complementary analysis to other Victek'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Victek Stock analysis
When running Victek's price analysis, check to measure Victek'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 Victek is operating at the current time. Most of Victek's value examination focuses on studying past and present price action to predict the probability of Victek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Victek's price. Additionally, you may evaluate how the addition of Victek to your portfolios can decrease your overall portfolio volatility.
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Victek 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.