LG Innotek (Korea) Market Value
| 011070 Stock | 162,400 5,600 3.33% |
| Symbol | 011070 |
LG Innotek '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 LG Innotek'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 LG Innotek.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in LG Innotek on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding LG Innotek Co or generate 0.0% return on investment in LG Innotek over 30 days. LG Innotek is related to or competes with Incar Financial, Jeju Bank, Koryo Credit, Nable Communications, and Settlebank. More
LG Innotek 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 LG Innotek'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 LG Innotek Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0059 | |||
| Maximum Drawdown | 13.58 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 4.8 |
LG Innotek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Innotek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Innotek's standard deviation. In reality, there are many statistical measures that can use LG Innotek historical prices to predict the future LG Innotek's volatility.| Risk Adjusted Performance | 0.0078 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0728 | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | 0.0086 |
LG Innotek Backtested Returns
At this point, LG Innotek is very steady. LG Innotek retains Efficiency (Sharpe Ratio) of close to zero, which conveys that the firm had a close to zero % return per unit of price deviation over the last 3 months. We have found thirty technical indicators for LG Innotek, which you can use to evaluate the volatility of the firm. Please verify LG Innotek's Mean Deviation of 1.91, standard deviation of 2.58, and Market Risk Adjusted Performance of 0.0186 to check out if the risk estimate we provide is consistent with the expected return of 0.0252%. The company owns a Beta (Systematic Risk) of -0.89, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning LG Innotek are expected to decrease slowly. On the other hand, during market turmoil, LG Innotek is expected to outperform it slightly. LG Innotek today owns a risk of 2.57%. Please verify LG Innotek Co market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if LG Innotek Co will be following its current price history.
Auto-correlation | -0.37 |
Poor reverse predictability
LG Innotek Co has poor reverse predictability. Overlapping area represents the amount of predictability between LG Innotek time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LG Innotek price movement. The serial correlation of -0.37 indicates that just about 37.0% of current LG Innotek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 5.8 M |
LG Innotek lagged returns against current returns
Autocorrelation, which is LG Innotek 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 LG Innotek's stock expected returns. We can calculate the autocorrelation of LG Innotek returns to help us make a trade decision. For example, suppose you find that LG Innotek 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 |
LG Innotek 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 LG Innotek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Innotek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Innotek stock over time.
Current vs Lagged Prices |
| Timeline |
LG Innotek Lagged Returns
When evaluating LG Innotek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Innotek stock have on its future price. LG Innotek 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, LG Innotek autocorrelation shows the relationship between LG Innotek stock current value and its past values and can show if there is a momentum factor associated with investing in LG Innotek Co.
Regressed Prices |
| Timeline |
Pair Trading with LG Innotek
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 LG Innotek 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 LG Innotek will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to LG Innotek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LG Innotek 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 LG Innotek - 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 LG Innotek Co to buy it.
The correlation of LG Innotek 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 LG Innotek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Innotek 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 LG Innotek 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 011070 Stock
LG Innotek financial ratios help investors to determine whether 011070 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 011070 with respect to the benefits of owning LG Innotek security.