LX Semicon (Korea) Market Value
| 108320 Stock | KRW 54,000 500.00 0.92% |
| Symbol | 108320 |
LX Semicon '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 LX Semicon'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 LX Semicon.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in LX Semicon on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding LX Semicon Co or generate 0.0% return on investment in LX Semicon over 30 days. LX Semicon is related to or competes with Dongsin Engineering, Doosan Fuel, Daishin Balance, Total Soft, AptaBio Therapeutics, ASTORY CoLtd, and Daewoo SBI. Silicon Works Co., Ltd. develops, manufactures, and sells semiconductors in South Korea More
LX Semicon 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 LX Semicon'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 LX Semicon Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 2.55 |
LX Semicon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LX Semicon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LX Semicon's standard deviation. In reality, there are many statistical measures that can use LX Semicon historical prices to predict the future LX Semicon's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 1.55 |
LX Semicon Backtested Returns
LX Semicon retains Efficiency (Sharpe Ratio) of -0.19, which conveys that the firm had a -0.19% return per unit of price deviation over the last 3 months. LX Semicon exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LX Semicon's Information Ratio of (0.29), mean deviation of 1.43, and Market Risk Adjusted Performance of 1.56 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LX Semicon are expected to decrease at a much lower rate. During the bear market, LX Semicon is likely to outperform the market. At this point, LX Semicon has a negative expected return of -0.39%. Please make sure to verify LX Semicon'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 LX Semicon performance from the past will be repeated at some future date.
Auto-correlation | 0.81 |
Very good predictability
LX Semicon Co has very good predictability. Overlapping area represents the amount of predictability between LX Semicon time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 LX Semicon price movement. The serial correlation of 0.81 indicates that around 81.0% of current LX Semicon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 3.8 M |
LX Semicon lagged returns against current returns
Autocorrelation, which is LX Semicon 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 LX Semicon's stock expected returns. We can calculate the autocorrelation of LX Semicon returns to help us make a trade decision. For example, suppose you find that LX Semicon 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 |
LX Semicon 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 LX Semicon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LX Semicon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LX Semicon stock over time.
Current vs Lagged Prices |
| Timeline |
LX Semicon Lagged Returns
When evaluating LX Semicon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LX Semicon stock have on its future price. LX Semicon 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, LX Semicon autocorrelation shows the relationship between LX Semicon stock current value and its past values and can show if there is a momentum factor associated with investing in LX Semicon Co.
Regressed Prices |
| Timeline |
Pair Trading with LX Semicon
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 LX Semicon 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 LX Semicon will appreciate offsetting losses from the drop in the long position's value.Moving together with 108320 Stock
The ability to find closely correlated positions to LX Semicon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LX Semicon 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 LX Semicon - 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 LX Semicon Co to buy it.
The correlation of LX Semicon 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 LX Semicon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LX Semicon 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 LX Semicon 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 108320 Stock
LX Semicon financial ratios help investors to determine whether 108320 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 108320 with respect to the benefits of owning LX Semicon security.