Lion Chemtech (Korea) Market Value
| 171120 Stock | KRW 2,435 45.00 1.81% |
| Symbol | Lion |
Lion Chemtech '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 Lion Chemtech'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 Lion Chemtech.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Lion Chemtech on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Lion Chemtech Co or generate 0.0% return on investment in Lion Chemtech over 30 days. Lion Chemtech is related to or competes with CJ Seafood, Korea Information, Samlip General, CKH Food, Hanmi Semiconductor, Seoul Semiconductor, and Seoul Food. Lion Chemtech Co., Ltd. provides artificial marbles and wax products in South Korea and internationally More
Lion Chemtech 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 Lion Chemtech'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 Lion Chemtech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0373 | |||
| Maximum Drawdown | 16.45 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 4.3 |
Lion Chemtech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lion Chemtech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lion Chemtech's standard deviation. In reality, there are many statistical measures that can use Lion Chemtech historical prices to predict the future Lion Chemtech's volatility.| Risk Adjusted Performance | 0.0723 | |||
| Jensen Alpha | 0.2377 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0388 | |||
| Treynor Ratio | (1.72) |
Lion Chemtech Backtested Returns
Lion Chemtech appears to be very steady, given 3 months investment horizon. Lion Chemtech has Sharpe Ratio of 0.0795, which conveys that the firm had a 0.0795% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lion Chemtech, which you can use to evaluate the volatility of the firm. Please exercise Lion Chemtech's Risk Adjusted Performance of 0.0723, downside deviation of 2.62, and Mean Deviation of 1.75 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lion Chemtech holds a performance score of 6. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lion Chemtech are expected to decrease at a much lower rate. During the bear market, Lion Chemtech is likely to outperform the market. Please check Lion Chemtech's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Lion Chemtech's current price movements will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Lion Chemtech Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Lion Chemtech 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 Lion Chemtech price movement. The serial correlation of -0.76 indicates that around 76.0% of current Lion Chemtech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 15.7 K |
Lion Chemtech lagged returns against current returns
Autocorrelation, which is Lion Chemtech 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 Lion Chemtech's stock expected returns. We can calculate the autocorrelation of Lion Chemtech returns to help us make a trade decision. For example, suppose you find that Lion Chemtech 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 |
Lion Chemtech 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 Lion Chemtech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lion Chemtech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lion Chemtech stock over time.
Current vs Lagged Prices |
| Timeline |
Lion Chemtech Lagged Returns
When evaluating Lion Chemtech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lion Chemtech stock have on its future price. Lion Chemtech 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, Lion Chemtech autocorrelation shows the relationship between Lion Chemtech stock current value and its past values and can show if there is a momentum factor associated with investing in Lion Chemtech Co.
Regressed Prices |
| Timeline |
Pair Trading with Lion Chemtech
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 Lion Chemtech 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 Lion Chemtech will appreciate offsetting losses from the drop in the long position's value.Moving together with Lion Stock
Moving against Lion Stock
| 0.8 | 043910 | Nature and Environment | PairCorr |
| 0.76 | 298050 | Hyosung Advanced Mat | PairCorr |
| 0.74 | 097950 | CJ Cheiljedang | PairCorr |
| 0.73 | 097955 | CJ CheilJedang Corp | PairCorr |
| 0.7 | 147830 | Cheryong Industrial CoLtd | PairCorr |
The ability to find closely correlated positions to Lion Chemtech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lion Chemtech 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 Lion Chemtech - 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 Lion Chemtech Co to buy it.
The correlation of Lion Chemtech 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 Lion Chemtech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lion Chemtech 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 Lion Chemtech 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 Lion Stock
Lion Chemtech financial ratios help investors to determine whether Lion 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 Lion with respect to the benefits of owning Lion Chemtech security.