ISU Chemical (Korea) Market Value

005950 Stock   6,220  220.00  3.42%   
ISU Chemical's market value is the price at which a share of ISU Chemical trades on a public exchange. It measures the collective expectations of ISU Chemical Co investors about its performance. ISU Chemical is trading at 6220.00 as of the 22nd of December 2024, a 3.42% down since the beginning of the trading day. The stock's open price was 6440.0.
With this module, you can estimate the performance of a buy and hold strategy of ISU Chemical Co and determine expected loss or profit from investing in ISU Chemical over a given investment horizon. Check out ISU Chemical Correlation, ISU Chemical Volatility and ISU Chemical Alpha and Beta module to complement your research on ISU Chemical.
Symbol

Please note, there is a significant difference between ISU Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if ISU Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ISU Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

ISU Chemical '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 ISU Chemical'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 ISU Chemical.
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10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
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If you would invest  0.00  in ISU Chemical on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ISU Chemical Co or generate 0.0% return on investment in ISU Chemical over 60 days. ISU Chemical is related to or competes with ABCO Electronics, CU Medical, Shinsegae Information, Sejong Telecom, Samji Electronics, and Sungwoo Electronics. More

ISU Chemical 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 ISU Chemical'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 ISU Chemical Co upside and downside potential and time the market with a certain degree of confidence.

ISU Chemical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ISU Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISU Chemical's standard deviation. In reality, there are many statistical measures that can use ISU Chemical historical prices to predict the future ISU Chemical's volatility.
Hype
Prediction
LowEstimatedHigh
6,2176,2206,223
Details
Intrinsic
Valuation
LowRealHigh
5,6735,6766,842
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ISU Chemical. Your research has to be compared to or analyzed against ISU Chemical's peers to derive any actionable benefits. When done correctly, ISU Chemical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ISU Chemical.

ISU Chemical Backtested Returns

ISU Chemical holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of volatility over the last 3 months. ISU Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISU Chemical's market risk adjusted performance of (42.85), and Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0106, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ISU Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding ISU Chemical is expected to be smaller as well. At this point, ISU Chemical has a negative expected return of -0.47%. Please make sure to check out ISU Chemical's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if ISU Chemical performance from the past will be repeated at some future point.

Auto-correlation

    
  -0.05  

Very weak reverse predictability

ISU Chemical Co has very weak reverse predictability. Overlapping area represents the amount of predictability between ISU Chemical time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 ISU Chemical price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current ISU Chemical price fluctuation can be explain by its past prices.
Correlation Coefficient-0.05
Spearman Rank Test0.36
Residual Average0.0
Price Variance93.5 K
ISU ReturnsISU Lagged ReturnsDiversified AwayISU ReturnsISU Lagged ReturnsDiversified Away100%

ISU Chemical lagged returns against current returns

Autocorrelation, which is ISU Chemical 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 ISU Chemical's stock expected returns. We can calculate the autocorrelation of ISU Chemical returns to help us make a trade decision. For example, suppose you find that ISU Chemical 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   
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JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

ISU Chemical 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 ISU Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISU Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISU Chemical stock over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Nov 22Nov 26Nov 30DecDec 08Dec 12Dec 16Dec 202004006008001,000
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

ISU Chemical Lagged Returns

When evaluating ISU Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISU Chemical stock have on its future price. ISU Chemical 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, ISU Chemical autocorrelation shows the relationship between ISU Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in ISU Chemical Co.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Oct 28NovNov 11Nov 18Nov 25DecDec 09Dec 16100200300400500600700800900
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

Pair Trading with ISU Chemical

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 ISU Chemical 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 ISU Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving together with ISU Stock

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  0.71147760 MicrofriendPairCorr
  0.96302430 InnometryPairCorr

Moving against ISU Stock

  0.89035420 NaverPairCorr
  0.88035900 JYP EntertainmentPairCorr
  0.86122870 YG EntertainmentPairCorr
  0.82041510 SM EntertainmentPairCorr
  0.79032640 LG UplusPairCorr
The ability to find closely correlated positions to ISU Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISU Chemical 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 ISU Chemical - 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 ISU Chemical Co to buy it.
The correlation of ISU Chemical 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 ISU Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ISU Chemical 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 ISU Chemical 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in ISU Stock

ISU Chemical financial ratios help investors to determine whether ISU 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 ISU with respect to the benefits of owning ISU Chemical security.
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