LockLock (Korea) Market Value
| 115390 Stock | 8,660 0.00 0.00% |
| Symbol | LockLock |
LockLock '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 LockLock'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 LockLock.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in LockLock on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding LockLock Co or generate 0.0% return on investment in LockLock over 720 days. LockLock is related to or competes with LG Chemicals, POSCO Holdings, Hanwha Solutions, Lotte Chemical, Hyundai Steel, Ecopro, and Dongkuk Steel. More
LockLock 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 LockLock'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 LockLock Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.84) | |||
| Maximum Drawdown | 0.8067 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.3464 |
LockLock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LockLock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LockLock's standard deviation. In reality, there are many statistical measures that can use LockLock historical prices to predict the future LockLock's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (10.89) |
LockLock Backtested Returns
LockLock has Sharpe Ratio of -0.0914, which conveys that the firm had a -0.0914% return per unit of risk over the last 3 months. LockLock exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LockLock's Mean Deviation of 0.1257, standard deviation of 0.1834, and Risk Adjusted Performance of (0.10) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0025, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LockLock's returns are expected to increase less than the market. However, during the bear market, the loss of holding LockLock is expected to be smaller as well. At this point, LockLock has a negative expected return of -0.0176%. Please make sure to verify LockLock's standard deviation, information ratio, and the relationship between the coefficient of variation and variance , to decide if LockLock performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
LockLock Co has good reverse predictability. Overlapping area represents the amount of predictability between LockLock time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 LockLock price movement. The serial correlation of -0.53 indicates that about 53.0% of current LockLock price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 M |
LockLock lagged returns against current returns
Autocorrelation, which is LockLock 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 LockLock's stock expected returns. We can calculate the autocorrelation of LockLock returns to help us make a trade decision. For example, suppose you find that LockLock 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 |
LockLock 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 LockLock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LockLock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LockLock stock over time.
Current vs Lagged Prices |
| Timeline |
LockLock Lagged Returns
When evaluating LockLock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LockLock stock have on its future price. LockLock 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, LockLock autocorrelation shows the relationship between LockLock stock current value and its past values and can show if there is a momentum factor associated with investing in LockLock Co.
Regressed Prices |
| Timeline |
Pair Trading with LockLock
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 LockLock 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 LockLock will appreciate offsetting losses from the drop in the long position's value.Moving against LockLock Stock
| 0.51 | 034730 | SK Holdings | PairCorr |
| 0.42 | 105560 | KB Financial Group | PairCorr |
| 0.35 | 011170 | Lotte Chemical Corp | PairCorr |
The ability to find closely correlated positions to LockLock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LockLock 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 LockLock - 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 LockLock Co to buy it.
The correlation of LockLock 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 LockLock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LockLock 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 LockLock 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 LockLock Stock
LockLock financial ratios help investors to determine whether LockLock 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 LockLock with respect to the benefits of owning LockLock security.