Cheil Worldwide (Korea) Market Value
| 030000 Stock | 18,190 140.00 0.78% |
| Symbol | Cheil |
Cheil Worldwide '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 Cheil Worldwide'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 Cheil Worldwide.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Cheil Worldwide on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Cheil Worldwide or generate 0.0% return on investment in Cheil Worldwide over 30 days. Cheil Worldwide is related to or competes with Pureun Mutual, Hana Financial, BNK Financial, Jahwa Electronics, Seoul Electronics, Settlebank, and Industrial Bank. More
Cheil Worldwide 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 Cheil Worldwide'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 Cheil Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8505 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 5.05 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.63 |
Cheil Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cheil Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cheil Worldwide's standard deviation. In reality, there are many statistical measures that can use Cheil Worldwide historical prices to predict the future Cheil Worldwide's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.1253 | |||
| Total Risk Alpha | 0.1182 | |||
| Sortino Ratio | 0.1412 | |||
| Treynor Ratio | (2.49) |
Cheil Worldwide Backtested Returns
At this point, Cheil Worldwide is very steady. Cheil Worldwide secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cheil Worldwide, which you can use to evaluate the volatility of the firm. Please confirm Cheil Worldwide's risk adjusted performance of 0.0994, and Mean Deviation of 0.7961 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Cheil Worldwide has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0503, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cheil Worldwide are expected to decrease at a much lower rate. During the bear market, Cheil Worldwide is likely to outperform the market. Cheil Worldwide right now shows a risk of 1.08%. Please confirm Cheil Worldwide downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Cheil Worldwide will be following its price patterns.
Auto-correlation | 0.25 |
Poor predictability
Cheil Worldwide has poor predictability. Overlapping area represents the amount of predictability between Cheil Worldwide time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Cheil Worldwide price movement. The serial correlation of 0.25 indicates that over 25.0% of current Cheil Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 19.2 K |
Cheil Worldwide lagged returns against current returns
Autocorrelation, which is Cheil Worldwide 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 Cheil Worldwide's stock expected returns. We can calculate the autocorrelation of Cheil Worldwide returns to help us make a trade decision. For example, suppose you find that Cheil Worldwide 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 |
Cheil Worldwide 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 Cheil Worldwide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cheil Worldwide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cheil Worldwide stock over time.
Current vs Lagged Prices |
| Timeline |
Cheil Worldwide Lagged Returns
When evaluating Cheil Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cheil Worldwide stock have on its future price. Cheil Worldwide 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, Cheil Worldwide autocorrelation shows the relationship between Cheil Worldwide stock current value and its past values and can show if there is a momentum factor associated with investing in Cheil Worldwide.
Regressed Prices |
| Timeline |
Pair Trading with Cheil Worldwide
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 Cheil Worldwide 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 Cheil Worldwide will appreciate offsetting losses from the drop in the long position's value.Moving together with Cheil Stock
The ability to find closely correlated positions to Cheil Worldwide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheil Worldwide 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 Cheil Worldwide - 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 Cheil Worldwide to buy it.
The correlation of Cheil Worldwide 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 Cheil Worldwide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cheil Worldwide 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 Cheil Worldwide 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 Cheil Stock
Cheil Worldwide financial ratios help investors to determine whether Cheil 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 Cheil with respect to the benefits of owning Cheil Worldwide security.