CHOROKBAEM COMPANY (Korea) Market Value
| 052300 Stock | KRW 300.00 17.00 6.01% |
| Symbol | CHOROKBAEM |
CHOROKBAEM COMPANY '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 CHOROKBAEM COMPANY'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 CHOROKBAEM COMPANY.
| 01/10/2023 |
| 12/30/2024 |
If you would invest 0.00 in CHOROKBAEM COMPANY on January 10, 2023 and sell it all today you would earn a total of 0.00 from holding CHOROKBAEM PANY Co or generate 0.0% return on investment in CHOROKBAEM COMPANY over 720 days. CHOROKBAEM COMPANY is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. SH Holdings Co., Ltd. offer logistic services in South Korea. More
CHOROKBAEM COMPANY 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 CHOROKBAEM COMPANY'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 CHOROKBAEM PANY Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.44 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 2.82 |
CHOROKBAEM COMPANY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHOROKBAEM COMPANY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHOROKBAEM COMPANY's standard deviation. In reality, there are many statistical measures that can use CHOROKBAEM COMPANY historical prices to predict the future CHOROKBAEM COMPANY's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.91) |
CHOROKBAEM COMPANY Backtested Returns
CHOROKBAEM COMPANY secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had a -0.22% return per unit of risk over the last 3 months. CHOROKBAEM PANY Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CHOROKBAEM COMPANY's risk adjusted performance of (0.10), and Mean Deviation of 1.35 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHOROKBAEM COMPANY's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHOROKBAEM COMPANY is expected to be smaller as well. At this point, CHOROKBAEM COMPANY has a negative expected return of -0.38%. Please make sure to confirm CHOROKBAEM COMPANY's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if CHOROKBAEM COMPANY performance from the past will be repeated in the future.
Auto-correlation | 0.51 |
Modest predictability
CHOROKBAEM PANY Co has modest predictability. Overlapping area represents the amount of predictability between CHOROKBAEM COMPANY time series from 10th of January 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 CHOROKBAEM COMPANY price movement. The serial correlation of 0.51 indicates that about 51.0% of current CHOROKBAEM COMPANY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2770.2 |
CHOROKBAEM COMPANY lagged returns against current returns
Autocorrelation, which is CHOROKBAEM COMPANY 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 CHOROKBAEM COMPANY's stock expected returns. We can calculate the autocorrelation of CHOROKBAEM COMPANY returns to help us make a trade decision. For example, suppose you find that CHOROKBAEM COMPANY 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 |
CHOROKBAEM COMPANY 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 CHOROKBAEM COMPANY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHOROKBAEM COMPANY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHOROKBAEM COMPANY stock over time.
Current vs Lagged Prices |
| Timeline |
CHOROKBAEM COMPANY Lagged Returns
When evaluating CHOROKBAEM COMPANY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHOROKBAEM COMPANY stock have on its future price. CHOROKBAEM COMPANY 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, CHOROKBAEM COMPANY autocorrelation shows the relationship between CHOROKBAEM COMPANY stock current value and its past values and can show if there is a momentum factor associated with investing in CHOROKBAEM PANY Co.
Regressed Prices |
| Timeline |
Pair Trading with CHOROKBAEM COMPANY
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 CHOROKBAEM COMPANY 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 CHOROKBAEM COMPANY will appreciate offsetting losses from the drop in the long position's value.Moving together with CHOROKBAEM Stock
| 0.68 | 005935 | Samsung Electronics | PairCorr |
| 0.67 | 005930 | Samsung Electronics | PairCorr |
| 0.68 | 373220 | LG Energy Solution | PairCorr |
| 0.67 | 207940 | Samsung Biologics | PairCorr |
Moving against CHOROKBAEM Stock
| 0.86 | 034950 | Korea Ratings | PairCorr |
| 0.85 | 078160 | MEDIPOST | PairCorr |
| 0.6 | 241560 | Doosan Bobcat | PairCorr |
| 0.51 | 003490 | Korean Air Lines | PairCorr |
| 0.46 | 262840 | IQuest Co | PairCorr |
The ability to find closely correlated positions to CHOROKBAEM COMPANY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHOROKBAEM COMPANY 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 CHOROKBAEM COMPANY - 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 CHOROKBAEM PANY Co to buy it.
The correlation of CHOROKBAEM COMPANY 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 CHOROKBAEM COMPANY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHOROKBAEM COMPANY 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 CHOROKBAEM COMPANY 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 CHOROKBAEM Stock
CHOROKBAEM COMPANY financial ratios help investors to determine whether CHOROKBAEM 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 CHOROKBAEM with respect to the benefits of owning CHOROKBAEM COMPANY security.