CBI (Korea) Market Value
| 013720 Stock | KRW 925.00 3.00 0.32% |
| Symbol | CBI |
CBI '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 CBI'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 CBI.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CBI on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CBI Co or generate 0.0% return on investment in CBI over 30 days. CBI is related to or competes with CKH Food, Hanjin Transportation, Alton Sports, Digital Power, Dongbang Transport, and Infinitt Healthcare. CBI Co., Ltd. manufactures and sells car parts in South Korea More
CBI 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 CBI'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 CBI Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 15.68 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 2.23 |
CBI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CBI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CBI's standard deviation. In reality, there are many statistical measures that can use CBI historical prices to predict the future CBI's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (10.04) |
CBI Co Backtested Returns
CBI Co secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had a -0.22% return per unit of return volatility over the last 3 months. CBI Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CBI's Variance of 5.31, standard deviation of 2.3, and Mean Deviation of 1.49 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0261, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CBI's returns are expected to increase less than the market. However, during the bear market, the loss of holding CBI is expected to be smaller as well. At this point, CBI Co has a negative expected return of -0.38%. Please make sure to confirm CBI's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if CBI Co performance from the past will be repeated at some future date.
Auto-correlation | 0.78 |
Good predictability
CBI Co has good predictability. Overlapping area represents the amount of predictability between CBI time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 CBI Co price movement. The serial correlation of 0.78 indicates that around 78.0% of current CBI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 1397.97 |
CBI Co lagged returns against current returns
Autocorrelation, which is CBI 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 CBI's stock expected returns. We can calculate the autocorrelation of CBI returns to help us make a trade decision. For example, suppose you find that CBI 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 |
CBI 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 CBI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CBI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CBI stock over time.
Current vs Lagged Prices |
| Timeline |
CBI Lagged Returns
When evaluating CBI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CBI stock have on its future price. CBI 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, CBI autocorrelation shows the relationship between CBI stock current value and its past values and can show if there is a momentum factor associated with investing in CBI Co.
Regressed Prices |
| Timeline |
Pair Trading with CBI
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 CBI 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 CBI will appreciate offsetting losses from the drop in the long position's value.Moving together with CBI Stock
Moving against CBI Stock
| 0.66 | 111710 | Namhwa Industrial | PairCorr |
| 0.55 | 329180 | Hyundai Heavy Industries | PairCorr |
| 0.46 | 008830 | Daedong Gear | PairCorr |
| 0.4 | 182360 | Cube Entertainment | PairCorr |
The ability to find closely correlated positions to CBI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CBI 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 CBI - 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 CBI Co to buy it.
The correlation of CBI 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 CBI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CBI Co 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 CBI 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 CBI Stock
CBI financial ratios help investors to determine whether CBI 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 CBI with respect to the benefits of owning CBI security.