CC International (Korea) Market Value
| 352480 Stock | 43,000 1,200 2.71% |
| Symbol | 352480 |
CC International '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 CC International'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 CC International.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in CC International on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding CC International Corp or generate 0.0% return on investment in CC International over 30 days.
CC International 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 CC International'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 CC International Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 25.69 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 6.14 |
CC International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CC International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CC International's standard deviation. In reality, there are many statistical measures that can use CC International historical prices to predict the future CC International's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (1.28) | |||
| Total Risk Alpha | (1.94) | |||
| Treynor Ratio | (3.75) |
CC International Corp Backtested Returns
CC International Corp retains Efficiency (Sharpe Ratio) of -0.3, which signifies that the company had a -0.3% return per unit of price deviation over the last 3 months. CC International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CC International's Market Risk Adjusted Performance of (3.74), information ratio of (0.31), and Variance of 19.5 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CC International's returns are expected to increase less than the market. However, during the bear market, the loss of holding CC International is expected to be smaller as well. At this point, CC International Corp has a negative expected return of -1.36%. Please make sure to confirm CC International'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 CC International Corp performance from the past will be repeated sooner or later.
Auto-correlation | -0.36 |
Poor reverse predictability
CC International Corp has poor reverse predictability. Overlapping area represents the amount of predictability between CC International 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 CC International Corp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current CC International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 9.2 M |
CC International Corp lagged returns against current returns
Autocorrelation, which is CC International 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 CC International's stock expected returns. We can calculate the autocorrelation of CC International returns to help us make a trade decision. For example, suppose you find that CC International 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 |
CC International 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 CC International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CC International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CC International stock over time.
Current vs Lagged Prices |
| Timeline |
CC International Lagged Returns
When evaluating CC International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CC International stock have on its future price. CC International 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, CC International autocorrelation shows the relationship between CC International stock current value and its past values and can show if there is a momentum factor associated with investing in CC International Corp.
Regressed Prices |
| Timeline |
Pair Trading with CC International
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 CC International 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 CC International will appreciate offsetting losses from the drop in the long position's value.Moving together with 352480 Stock
Moving against 352480 Stock
The ability to find closely correlated positions to CC International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CC International 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 CC International - 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 CC International Corp to buy it.
The correlation of CC International 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 CC International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CC International Corp 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 CC International 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.