ISU Chemical (Korea) Market Value
| 005950 Stock | 6,200 10.00 0.16% |
| Symbol | ISU |
ISU 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 ISU 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 ISU Chemical.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in ISU Chemical on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding ISU Chemical Co or generate 0.0% return on investment in ISU Chemical over 30 days. ISU Chemical is related to or competes with Atinum Investment, CJ Seafood, KTB Investment, Hankukpackage, and NH Investment. More
ISU 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 ISU 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 ISU Chemical Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 14.5 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 3.85 |
ISU Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISU Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISU Chemical's standard deviation. In reality, there are many statistical measures that can use ISU Chemical historical prices to predict the future ISU Chemical's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (1.96) |
ISU Chemical Backtested Returns
ISU Chemical holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of volatility over the last 3 months. ISU Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISU Chemical's market risk adjusted performance of (1.95), and Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ISU Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding ISU Chemical is expected to be smaller as well. At this point, ISU Chemical has a negative expected return of -0.5%. Please make sure to check out ISU 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 ISU Chemical performance from the past will be repeated at some future point.
Auto-correlation | 0.47 |
Average predictability
ISU Chemical Co has average predictability. Overlapping area represents the amount of predictability between ISU Chemical time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 ISU Chemical price movement. The serial correlation of 0.47 indicates that about 47.0% of current ISU Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 110 K |
ISU Chemical lagged returns against current returns
Autocorrelation, which is ISU 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 ISU Chemical's stock expected returns. We can calculate the autocorrelation of ISU Chemical returns to help us make a trade decision. For example, suppose you find that ISU 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 |
ISU 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 ISU Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISU Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISU Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
ISU Chemical Lagged Returns
When evaluating ISU Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISU Chemical stock have on its future price. ISU 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, ISU Chemical autocorrelation shows the relationship between ISU Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in ISU Chemical Co.
Regressed Prices |
| Timeline |
Pair Trading with ISU Chemical
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 ISU Chemical 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 ISU Chemical will appreciate offsetting losses from the drop in the long position's value.Moving together with ISU Stock
| 0.85 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.74 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.96 | 302430 | Innometry | PairCorr |
The ability to find closely correlated positions to ISU Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISU Chemical 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 ISU Chemical - 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 ISU Chemical Co to buy it.
The correlation of ISU Chemical 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 ISU Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ISU Chemical 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 ISU Chemical 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 ISU Stock
ISU Chemical financial ratios help investors to determine whether ISU 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 ISU with respect to the benefits of owning ISU Chemical security.