Lotte Non (Korea) Market Value
| 000400 Stock | 2,015 30.00 1.47% |
| Symbol | Lotte |
Lotte Non '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 Non'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 Non.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Lotte Non on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Lotte Non Life or generate 0.0% return on investment in Lotte Non over 90 days. Lotte Non is related to or competes with Daou Data, Alton Sports, Display Tech, Sangsin Energy, Dongbang Transport, Moadata, and Lotte Data. More
Lotte Non 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 Non'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 Non Life upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 4.69 |
Lotte Non Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lotte Non's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lotte Non's standard deviation. In reality, there are many statistical measures that can use Lotte Non historical prices to predict the future Lotte Non's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (1.26) |
Lotte Non Life Backtested Returns
Lotte Non Life has Sharpe Ratio of -0.2, which conveys that the firm had a -0.2% return per unit of risk over the last 3 months. Lotte Non exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lotte Non's Mean Deviation of 1.8, risk adjusted performance of (0.15), and Standard Deviation of 2.39 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lotte Non's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lotte Non is expected to be smaller as well. At this point, Lotte Non Life has a negative expected return of -0.49%. Please make sure to verify Lotte Non's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Lotte Non Life performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Lotte Non Life has very good predictability. Overlapping area represents the amount of predictability between Lotte Non time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th of November 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 Non Life price movement. The serial correlation of 0.82 indicates that around 82.0% of current Lotte Non price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 12.2 K |
Lotte Non Life lagged returns against current returns
Autocorrelation, which is Lotte Non 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 Non's stock expected returns. We can calculate the autocorrelation of Lotte Non returns to help us make a trade decision. For example, suppose you find that Lotte Non 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 Non 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 Non stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lotte Non stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lotte Non stock over time.
Current vs Lagged Prices |
| Timeline |
Lotte Non Lagged Returns
When evaluating Lotte Non's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lotte Non stock have on its future price. Lotte Non 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 Non autocorrelation shows the relationship between Lotte Non stock current value and its past values and can show if there is a momentum factor associated with investing in Lotte Non Life.
Regressed Prices |
| Timeline |
Pair Trading with Lotte Non
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 Lotte Non 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 Lotte Non will appreciate offsetting losses from the drop in the long position's value.Moving together with Lotte Stock
Moving against Lotte Stock
| 0.74 | 047810 | Korea Aerospace Indu | PairCorr |
| 0.61 | 003530 | Hanwha InvestmentSecuri | PairCorr |
| 0.57 | 105560 | KB Financial Group | PairCorr |
| 0.31 | 086790 | Hana Financial | PairCorr |
The ability to find closely correlated positions to Lotte Non could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lotte Non 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 Lotte Non - 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 Lotte Non Life to buy it.
The correlation of Lotte Non 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 Lotte Non moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lotte Non Life 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 Lotte Non 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 Lotte Stock
Lotte Non 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 Non security.