LegoChem Biosciences (Korea) Market Value
| 141080 Stock | KRW 95,500 3,900 3.92% |
| Symbol | LegoChem |
LegoChem Biosciences '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 LegoChem Biosciences' 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 LegoChem Biosciences.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in LegoChem Biosciences on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding LegoChem Biosciences or generate 0.0% return on investment in LegoChem Biosciences over 720 days. LegoChem Biosciences is related to or competes with Dongnam Chemical, Korea Petro, TK Chemical, Tae Kyung, Korea Information, Miwon Chemical, and NICE Information. LegoChem Biosciences, Inc. a biopharmaceutical company, focuses on the development of novel therapeutics utilizing its p... More
LegoChem Biosciences 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 LegoChem Biosciences' 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 LegoChem Biosciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.0124 | |||
| Maximum Drawdown | 18.59 | |||
| Value At Risk | (5.67) | |||
| Potential Upside | 8.63 |
LegoChem Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LegoChem Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LegoChem Biosciences' standard deviation. In reality, there are many statistical measures that can use LegoChem Biosciences historical prices to predict the future LegoChem Biosciences' volatility.| Risk Adjusted Performance | 0.0423 | |||
| Jensen Alpha | 0.0503 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0139 | |||
| Treynor Ratio | 0.1768 |
LegoChem Biosciences Backtested Returns
At this point, LegoChem Biosciences is very steady. LegoChem Biosciences has Sharpe Ratio of 0.0392, which conveys that the firm had a 0.0392% return per unit of risk over the last 3 months. We have found thirty technical indicators for LegoChem Biosciences, which you can use to evaluate the volatility of the firm. Please verify LegoChem Biosciences' Downside Deviation of 3.83, risk adjusted performance of 0.0423, and Mean Deviation of 3.4 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. LegoChem Biosciences has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.02, which conveys a somewhat significant risk relative to the market. LegoChem Biosciences returns are very sensitive to returns on the market. As the market goes up or down, LegoChem Biosciences is expected to follow. LegoChem Biosciences right now secures a risk of 4.38%. Please verify LegoChem Biosciences market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if LegoChem Biosciences will be following its current price movements.
Auto-correlation | -0.08 |
Very weak reverse predictability
LegoChem Biosciences has very weak reverse predictability. Overlapping area represents the amount of predictability between LegoChem Biosciences 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 LegoChem Biosciences price movement. The serial correlation of -0.08 indicates that barely 8.0% of current LegoChem Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 542.5 M |
LegoChem Biosciences lagged returns against current returns
Autocorrelation, which is LegoChem Biosciences 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 LegoChem Biosciences' stock expected returns. We can calculate the autocorrelation of LegoChem Biosciences returns to help us make a trade decision. For example, suppose you find that LegoChem Biosciences 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 |
LegoChem Biosciences 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 LegoChem Biosciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LegoChem Biosciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LegoChem Biosciences stock over time.
Current vs Lagged Prices |
| Timeline |
LegoChem Biosciences Lagged Returns
When evaluating LegoChem Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LegoChem Biosciences stock have on its future price. LegoChem Biosciences 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, LegoChem Biosciences autocorrelation shows the relationship between LegoChem Biosciences stock current value and its past values and can show if there is a momentum factor associated with investing in LegoChem Biosciences.
Regressed Prices |
| Timeline |
Pair Trading with LegoChem Biosciences
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 LegoChem Biosciences 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 LegoChem Biosciences will appreciate offsetting losses from the drop in the long position's value.Moving against LegoChem Stock
The ability to find closely correlated positions to LegoChem Biosciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LegoChem Biosciences 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 LegoChem Biosciences - 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 LegoChem Biosciences to buy it.
The correlation of LegoChem Biosciences 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 LegoChem Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LegoChem Biosciences 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 LegoChem Biosciences 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 LegoChem Stock
LegoChem Biosciences financial ratios help investors to determine whether LegoChem 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 LegoChem with respect to the benefits of owning LegoChem Biosciences security.