LG Display (Korea) Market Value
| 034220 Stock | 9,930 50.00 0.51% |
| Symbol | 034220 |
LG Display '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 Display'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 Display.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in LG Display on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding LG Display Co or generate 0.0% return on investment in LG Display over 30 days. LG Display is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
LG Display 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 Display'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 Display Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.09 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.7 |
LG Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Display's standard deviation. In reality, there are many statistical measures that can use LG Display historical prices to predict the future LG Display's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.9846 |
LG Display Backtested Returns
LG Display retains Efficiency (Sharpe Ratio) of -0.0576, which conveys that the firm had a -0.0576% return per unit of price deviation over the last 3 months. LG Display exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG Display's Market Risk Adjusted Performance of 0.9946, information ratio of (0.13), and Mean Deviation of 1.65 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LG Display are expected to decrease at a much lower rate. During the bear market, LG Display is likely to outperform the market. At this point, LG Display has a negative expected return of -0.14%. Please make sure to verify LG Display'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 LG Display performance from the past will be repeated sooner or later.
Auto-correlation | -0.33 |
Poor reverse predictability
LG Display Co has poor reverse predictability. Overlapping area represents the amount of predictability between LG Display time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 LG Display price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current LG Display price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 9257.64 |
LG Display lagged returns against current returns
Autocorrelation, which is LG Display 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 Display's stock expected returns. We can calculate the autocorrelation of LG Display returns to help us make a trade decision. For example, suppose you find that LG Display 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 Display 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 Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Display stock over time.
Current vs Lagged Prices |
| Timeline |
LG Display Lagged Returns
When evaluating LG Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Display stock have on its future price. LG Display 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 Display autocorrelation shows the relationship between LG Display stock current value and its past values and can show if there is a momentum factor associated with investing in LG Display Co.
Regressed Prices |
| Timeline |
Pair Trading with LG Display
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 Display 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 Display will appreciate offsetting losses from the drop in the long position's value.Moving together with 034220 Stock
Moving against 034220 Stock
The ability to find closely correlated positions to LG Display 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 Display 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 Display - 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 Display Co to buy it.
The correlation of LG Display 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 Display moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Display 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 Display 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.Additional Information and Resources on Investing in 034220 Stock
When determining whether LG Display is a strong investment it is important to analyze LG Display's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact LG Display's future performance. For an informed investment choice regarding 034220 Stock, refer to the following important reports:Check out LG Display Correlation, LG Display Volatility and LG Display Alpha and Beta module to complement your research on LG Display. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
LG Display technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.