Chinyang Hold (Korea) Market Value
| 100250 Stock | 3,190 5.00 0.16% |
| Symbol | Chinyang |
Chinyang Hold '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 Chinyang Hold'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 Chinyang Hold.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Chinyang Hold on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Chinyang Hold or generate 0.0% return on investment in Chinyang Hold over 30 days. Chinyang Hold is related to or competes with LG Chemicals, POSCO Holdings, Hanwha Solutions, Lotte Chemical, Hyundai Steel, Ecopro Co, and Korea Petro. More
Chinyang Hold 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 Chinyang Hold'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 Chinyang Hold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6604 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.34 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.4732 |
Chinyang Hold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chinyang Hold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chinyang Hold's standard deviation. In reality, there are many statistical measures that can use Chinyang Hold historical prices to predict the future Chinyang Hold's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | 0.0114 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3292 |
Chinyang Hold Backtested Returns
At this point, Chinyang Hold is very steady. Chinyang Hold secures Sharpe Ratio (or Efficiency) of 0.01, which signifies that the company had a 0.01% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chinyang Hold, which you can use to evaluate the volatility of the firm. Please confirm Chinyang Hold's Risk Adjusted Performance of 0.0221, mean deviation of 0.3629, and Downside Deviation of 0.6604 to double-check if the risk estimate we provide is consistent with the expected return of 0.0082%. The firm shows a Beta (market volatility) of 0.0371, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chinyang Hold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chinyang Hold is expected to be smaller as well. Chinyang Hold right now shows a risk of 0.82%. Please confirm Chinyang Hold mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Chinyang Hold will be following its price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Chinyang Hold has weak reverse predictability. Overlapping area represents the amount of predictability between Chinyang Hold time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 Chinyang Hold price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Chinyang Hold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2509.5 |
Chinyang Hold lagged returns against current returns
Autocorrelation, which is Chinyang Hold 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 Chinyang Hold's stock expected returns. We can calculate the autocorrelation of Chinyang Hold returns to help us make a trade decision. For example, suppose you find that Chinyang Hold 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 |
Chinyang Hold 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 Chinyang Hold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chinyang Hold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chinyang Hold stock over time.
Current vs Lagged Prices |
| Timeline |
Chinyang Hold Lagged Returns
When evaluating Chinyang Hold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chinyang Hold stock have on its future price. Chinyang Hold 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, Chinyang Hold autocorrelation shows the relationship between Chinyang Hold stock current value and its past values and can show if there is a momentum factor associated with investing in Chinyang Hold.
Regressed Prices |
| Timeline |
Pair Trading with Chinyang Hold
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 Chinyang Hold 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 Chinyang Hold will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Chinyang Hold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chinyang Hold 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 Chinyang Hold - 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 Chinyang Hold to buy it.
The correlation of Chinyang Hold 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 Chinyang Hold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chinyang Hold 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 Chinyang Hold 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 Chinyang Stock
Chinyang Hold financial ratios help investors to determine whether Chinyang 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 Chinyang with respect to the benefits of owning Chinyang Hold security.