LG Energy (Korea) Market Value
| 373220 Stock | 419,500 14,500 3.58% |
| Symbol | 373220 |
LG Energy '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 LG Energy'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 LG Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in LG Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding LG Energy Solution or generate 0.0% return on investment in LG Energy over 30 days. LG Energy is related to or competes with Doosan Heavy, and Korea Refract. More
LG Energy 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 LG Energy'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 LG Energy Solution upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.0793 | |||
| Maximum Drawdown | 18.27 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 5.64 |
LG Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Energy's standard deviation. In reality, there are many statistical measures that can use LG Energy historical prices to predict the future LG Energy's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | 0.4679 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0734 | |||
| Treynor Ratio | (0.50) |
LG Energy Solution Backtested Returns
LG Energy appears to be very steady, given 3 months investment horizon. LG Energy Solution retains Efficiency (Sharpe Ratio) of 0.0846, which conveys that the firm had a 0.0846% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for LG Energy, which you can use to evaluate the volatility of the firm. Please exercise LG Energy's Mean Deviation of 2.46, standard deviation of 3.27, and Market Risk Adjusted Performance of (0.49) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LG Energy holds a performance score of 6. The company owns a Beta (Systematic Risk) of -0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning LG Energy are expected to decrease at a much lower rate. During the bear market, LG Energy is likely to outperform the market. Please check LG Energy's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether LG Energy's current price history will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
LG Energy Solution has insignificant reverse predictability. Overlapping area represents the amount of predictability between LG Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 LG Energy Solution price movement. The serial correlation of -0.12 indicates that less than 12.0% of current LG Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 267.5 M |
LG Energy Solution lagged returns against current returns
Autocorrelation, which is LG Energy 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 LG Energy's stock expected returns. We can calculate the autocorrelation of LG Energy returns to help us make a trade decision. For example, suppose you find that LG Energy 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 |
LG Energy 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 LG Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Energy stock over time.
Current vs Lagged Prices |
| Timeline |
LG Energy Lagged Returns
When evaluating LG Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Energy stock have on its future price. LG Energy 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, LG Energy autocorrelation shows the relationship between LG Energy stock current value and its past values and can show if there is a momentum factor associated with investing in LG Energy Solution.
Regressed Prices |
| Timeline |
Pair Trading with LG Energy
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 LG Energy 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 LG Energy will appreciate offsetting losses from the drop in the long position's value.Moving against 373220 Stock
The ability to find closely correlated positions to LG Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LG Energy 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 LG Energy - 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 LG Energy Solution to buy it.
The correlation of LG Energy 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 LG Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Energy Solution 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 LG Energy 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 373220 Stock
LG Energy financial ratios help investors to determine whether 373220 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 373220 with respect to the benefits of owning LG Energy security.