LTC CoLtd (Korea) Market Value
| 170920 Stock | 9,350 90.00 0.97% |
| Symbol | LTC |
LTC 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 LTC 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 LTC CoLtd.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in LTC CoLtd on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding LTC CoLtd or generate 0.0% return on investment in LTC CoLtd over 30 days. LTC CoLtd is related to or competes with LG Chemicals, Korea Petro, Miwon Chemical, Youngchang Chemical, Hannong Chemicals, LG Household, and Youngbo Chemical. LTC Co., Ltd. offer FPD and semiconductor chemical solutions in South Korea and internationally. More
LTC 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 LTC 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 LTC CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.01 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 6.17 |
LTC CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LTC CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LTC CoLtd's standard deviation. In reality, there are many statistical measures that can use LTC CoLtd historical prices to predict the future LTC CoLtd's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 0.1597 |
LTC CoLtd Backtested Returns
LTC CoLtd retains Efficiency (Sharpe Ratio) of -0.0318, which conveys that the firm had a -0.0318% return per unit of return volatility over the last 3 months. LTC CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LTC CoLtd's Mean Deviation of 2.28, market risk adjusted performance of 0.1697, and Standard Deviation of 3.05 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning LTC CoLtd are expected to decrease at a much lower rate. During the bear market, LTC CoLtd is likely to outperform the market. At this point, LTC CoLtd has a negative expected return of -0.097%. Please make sure to verify LTC CoLtd's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if LTC CoLtd performance from the past will be repeated at future time.
Auto-correlation | -0.33 |
Poor reverse predictability
LTC CoLtd has poor reverse predictability. Overlapping area represents the amount of predictability between LTC CoLtd time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 LTC CoLtd price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current LTC CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 452.2 K |
LTC CoLtd lagged returns against current returns
Autocorrelation, which is LTC 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 LTC CoLtd's stock expected returns. We can calculate the autocorrelation of LTC CoLtd returns to help us make a trade decision. For example, suppose you find that LTC 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 |
LTC 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 LTC CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LTC CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LTC CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
LTC CoLtd Lagged Returns
When evaluating LTC CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LTC CoLtd stock have on its future price. LTC 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, LTC CoLtd autocorrelation shows the relationship between LTC CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in LTC CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with LTC 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 LTC 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 LTC CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against LTC Stock
| 0.58 | 005935 | Samsung Electronics | PairCorr |
| 0.58 | 005380 | Hyundai Motor | PairCorr |
| 0.53 | 005930 | Samsung Electronics | PairCorr |
| 0.45 | 005387 | Hyundai Motor | PairCorr |
| 0.36 | 009830 | Hanwha Solutions | PairCorr |
The ability to find closely correlated positions to LTC 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 LTC 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 LTC 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 LTC CoLtd to buy it.
The correlation of LTC 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 LTC CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LTC 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 LTC 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 LTC Stock
LTC CoLtd financial ratios help investors to determine whether LTC 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 LTC with respect to the benefits of owning LTC CoLtd security.