ChipsMedia (Korea) Market Value
| 094360 Stock | 13,570 510.00 3.62% |
| Symbol | ChipsMedia |
ChipsMedia '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 ChipsMedia'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 ChipsMedia.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in ChipsMedia on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding ChipsMedia or generate 0.0% return on investment in ChipsMedia over 90 days. ChipsMedia is related to or competes with Duksan Hi, Korea Investment, Kbi Metal, Daelim Trading, and Daejung Chemicals. More
ChipsMedia 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 ChipsMedia'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 ChipsMedia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.07 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 5.04 |
ChipsMedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ChipsMedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ChipsMedia's standard deviation. In reality, there are many statistical measures that can use ChipsMedia historical prices to predict the future ChipsMedia's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (1.87) |
ChipsMedia Backtested Returns
ChipsMedia secures Sharpe Ratio (or Efficiency) of -0.0444, which signifies that the company had a -0.0444% return per unit of risk over the last 3 months. ChipsMedia exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ChipsMedia's Risk Adjusted Performance of (0.04), mean deviation of 2.47, and Standard Deviation of 3.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ChipsMedia's returns are expected to increase less than the market. However, during the bear market, the loss of holding ChipsMedia is expected to be smaller as well. At this point, ChipsMedia has a negative expected return of -0.14%. Please make sure to confirm ChipsMedia's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if ChipsMedia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
ChipsMedia has weak reverse predictability. Overlapping area represents the amount of predictability between ChipsMedia time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 ChipsMedia price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current ChipsMedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 290.7 K |
ChipsMedia lagged returns against current returns
Autocorrelation, which is ChipsMedia 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 ChipsMedia's stock expected returns. We can calculate the autocorrelation of ChipsMedia returns to help us make a trade decision. For example, suppose you find that ChipsMedia 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 |
ChipsMedia 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 ChipsMedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ChipsMedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ChipsMedia stock over time.
Current vs Lagged Prices |
| Timeline |
ChipsMedia Lagged Returns
When evaluating ChipsMedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ChipsMedia stock have on its future price. ChipsMedia 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, ChipsMedia autocorrelation shows the relationship between ChipsMedia stock current value and its past values and can show if there is a momentum factor associated with investing in ChipsMedia.
Regressed Prices |
| Timeline |
Pair Trading with ChipsMedia
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 ChipsMedia 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 ChipsMedia will appreciate offsetting losses from the drop in the long position's value.Moving together with ChipsMedia Stock
The ability to find closely correlated positions to ChipsMedia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChipsMedia 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 ChipsMedia - 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 ChipsMedia to buy it.
The correlation of ChipsMedia 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 ChipsMedia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChipsMedia 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 ChipsMedia 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 ChipsMedia Stock
ChipsMedia financial ratios help investors to determine whether ChipsMedia 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 ChipsMedia with respect to the benefits of owning ChipsMedia security.