Lotte Chemical (Malaysia) Market Value
| 5284 Stock | 0.66 0.01 1.49% |
| Symbol | Lotte |
Lotte Chemical '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 Lotte Chemical'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 Lotte Chemical.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Lotte Chemical on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Lotte Chemical Titan or generate 0.0% return on investment in Lotte Chemical over 90 days. Lotte Chemical is related to or competes with Petronas Chemicals, Ancom Berhad, and Techbond Group. More
Lotte Chemical 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 Lotte Chemical'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 Lotte Chemical Titan upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 10.21 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 2.97 |
Lotte Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lotte Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lotte Chemical's standard deviation. In reality, there are many statistical measures that can use Lotte Chemical historical prices to predict the future Lotte Chemical's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.8624 |
Lotte Chemical Titan Backtested Returns
Lotte Chemical Titan has Sharpe Ratio of -0.28, which conveys that the firm had a -0.28% return per unit of risk over the last 3 months. Lotte Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lotte Chemical's Mean Deviation of 1.53, standard deviation of 2.06, and Risk Adjusted Performance of (0.19) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lotte Chemical are expected to decrease at a much lower rate. During the bear market, Lotte Chemical is likely to outperform the market. At this point, Lotte Chemical Titan has a negative expected return of -0.59%. Please make sure to verify Lotte Chemical's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Lotte Chemical Titan performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Lotte Chemical Titan has very weak reverse predictability. Overlapping area represents the amount of predictability between Lotte Chemical time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Lotte Chemical Titan price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Lotte Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Lotte Chemical Titan lagged returns against current returns
Autocorrelation, which is Lotte Chemical 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 Lotte Chemical's stock expected returns. We can calculate the autocorrelation of Lotte Chemical returns to help us make a trade decision. For example, suppose you find that Lotte Chemical 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 |
Lotte Chemical 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 Lotte Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lotte Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lotte Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Lotte Chemical Lagged Returns
When evaluating Lotte Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lotte Chemical stock have on its future price. Lotte Chemical 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, Lotte Chemical autocorrelation shows the relationship between Lotte Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Lotte Chemical Titan.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Lotte Stock
Lotte Chemical financial ratios help investors to determine whether Lotte 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 Lotte with respect to the benefits of owning Lotte Chemical security.