LG Corp (Korea) Market Value
| 003550 Stock | 77,600 1,400 1.84% |
| Symbol | 003550 |
LG Corp '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 LG Corp'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 LG Corp.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in LG Corp on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding LG Corp or generate 0.0% return on investment in LG Corp over 390 days. LG Corp is related to or competes with Lindeman Asia, DB Financial, E Investment, Jinro Distillers, Clean Science, Incar Financial, and EBEST Investment. More
LG Corp 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 LG Corp'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 LG Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.57 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 2.39 |
LG Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Corp's standard deviation. In reality, there are many statistical measures that can use LG Corp historical prices to predict the future LG Corp's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.96 |
LG Corp Backtested Returns
LG Corp retains Efficiency (Sharpe Ratio) of -0.0743, which conveys that the firm had a -0.0743% return per unit of price deviation over the last 3 months. LG Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG Corp's Mean Deviation of 1.2, market risk adjusted performance of 0.97, and Information Ratio of (0.14) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LG Corp are expected to decrease at a much lower rate. During the bear market, LG Corp is likely to outperform the market. At this point, LG Corp has a negative expected return of -0.13%. Please make sure to verify LG Corp's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if LG Corp performance from the past will be repeated sooner or later.
Auto-correlation | 0.35 |
Below average predictability
LG Corp has below average predictability. Overlapping area represents the amount of predictability between LG Corp time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th of December 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 LG Corp price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current LG Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 9.5 M |
LG Corp lagged returns against current returns
Autocorrelation, which is LG Corp 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 LG Corp's stock expected returns. We can calculate the autocorrelation of LG Corp returns to help us make a trade decision. For example, suppose you find that LG Corp 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 |
LG Corp 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 LG Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Corp stock over time.
Current vs Lagged Prices |
| Timeline |
LG Corp Lagged Returns
When evaluating LG Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Corp stock have on its future price. LG Corp 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, LG Corp autocorrelation shows the relationship between LG Corp stock current value and its past values and can show if there is a momentum factor associated with investing in LG Corp.
Regressed Prices |
| Timeline |
Pair Trading with LG Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if LG Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in LG Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with 003550 Stock
Moving against 003550 Stock
The ability to find closely correlated positions to LG Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LG Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LG Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LG Corp to buy it.
The correlation of LG Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LG Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for LG Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in 003550 Stock
LG Corp financial ratios help investors to determine whether 003550 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 003550 with respect to the benefits of owning LG Corp security.