Cherrybro CoLtd (Korea) Market Value
| 066360 Stock | KRW 840.00 54.00 6.87% |
| Symbol | Cherrybro |
Cherrybro CoLtd '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 Cherrybro CoLtd'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 Cherrybro CoLtd.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Cherrybro CoLtd on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Cherrybro coLtd or generate 0.0% return on investment in Cherrybro CoLtd over 180 days. Cherrybro CoLtd is related to or competes with Echomarketing CoLtd, Youngchang Chemical, Alton Sports, Netmarble Games, Sung Bo, LG Chemicals, and Namhae Chemical. ,Ltd produces, distributes, and sells meat products in South Korea More
Cherrybro CoLtd 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 Cherrybro CoLtd'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 Cherrybro coLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.6 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.86 |
Cherrybro CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cherrybro CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cherrybro CoLtd's standard deviation. In reality, there are many statistical measures that can use Cherrybro CoLtd historical prices to predict the future Cherrybro CoLtd's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.3813 |
Cherrybro coLtd Backtested Returns
Cherrybro coLtd secures Sharpe Ratio (or Efficiency) of -0.0147, which signifies that the company had a -0.0147% return per unit of standard deviation over the last 3 months. Cherrybro coLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cherrybro CoLtd's risk adjusted performance of (0.06), and Mean Deviation of 1.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cherrybro CoLtd are expected to decrease at a much lower rate. During the bear market, Cherrybro CoLtd is likely to outperform the market. At this point, Cherrybro coLtd has a negative expected return of -0.0339%. Please make sure to confirm Cherrybro CoLtd's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Cherrybro coLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Cherrybro coLtd has below average predictability. Overlapping area represents the amount of predictability between Cherrybro CoLtd time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Cherrybro coLtd price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Cherrybro CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 2698.07 |
Cherrybro coLtd lagged returns against current returns
Autocorrelation, which is Cherrybro CoLtd 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 Cherrybro CoLtd's stock expected returns. We can calculate the autocorrelation of Cherrybro CoLtd returns to help us make a trade decision. For example, suppose you find that Cherrybro CoLtd 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 |
Cherrybro CoLtd 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 Cherrybro CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cherrybro CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cherrybro CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Cherrybro CoLtd Lagged Returns
When evaluating Cherrybro CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cherrybro CoLtd stock have on its future price. Cherrybro CoLtd 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, Cherrybro CoLtd autocorrelation shows the relationship between Cherrybro CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Cherrybro coLtd.
Regressed Prices |
| Timeline |
Pair Trading with Cherrybro CoLtd
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 Cherrybro CoLtd 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 Cherrybro CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against Cherrybro Stock
The ability to find closely correlated positions to Cherrybro CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cherrybro CoLtd 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 Cherrybro CoLtd - 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 Cherrybro coLtd to buy it.
The correlation of Cherrybro CoLtd 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 Cherrybro CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cherrybro coLtd 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 Cherrybro CoLtd 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 Cherrybro Stock
Cherrybro CoLtd financial ratios help investors to determine whether Cherrybro 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 Cherrybro with respect to the benefits of owning Cherrybro CoLtd security.