CKH Food (Korea) Market Value
| 900120 Stock | KRW 74.00 1.00 1.37% |
| Symbol | CKH |
CKH Food '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 CKH Food'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 CKH Food.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in CKH Food on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding CKH Food Health or generate 0.0% return on investment in CKH Food over 510 days. CKH Food is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. CKH Food Health Limited manufactures and distributes health foods More
CKH Food 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 CKH Food'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 CKH Food Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.8 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 3.19 |
CKH Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CKH Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CKH Food's standard deviation. In reality, there are many statistical measures that can use CKH Food historical prices to predict the future CKH Food's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 0.4222 |
CKH Food Health Backtested Returns
CKH Food Health secures Sharpe Ratio (or Efficiency) of -0.0838, which signifies that the company had a -0.0838% return per unit of return volatility over the last 3 months. CKH Food Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CKH Food's Risk Adjusted Performance of (0.06), mean deviation of 2.19, and Coefficient Of Variation of (1,209) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CKH Food are expected to decrease at a much lower rate. During the bear market, CKH Food is likely to outperform the market. At this point, CKH Food Health has a negative expected return of -0.26%. Please make sure to confirm CKH Food's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if CKH Food Health performance from the past will be repeated in the future.
Auto-correlation | 0.47 |
Average predictability
CKH Food Health has average predictability. Overlapping area represents the amount of predictability between CKH Food time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 CKH Food Health price movement. The serial correlation of 0.47 indicates that about 47.0% of current CKH Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 172.23 |
CKH Food Health lagged returns against current returns
Autocorrelation, which is CKH Food 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 CKH Food's stock expected returns. We can calculate the autocorrelation of CKH Food returns to help us make a trade decision. For example, suppose you find that CKH Food 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 |
CKH Food 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 CKH Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CKH Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CKH Food stock over time.
Current vs Lagged Prices |
| Timeline |
CKH Food Lagged Returns
When evaluating CKH Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CKH Food stock have on its future price. CKH Food 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, CKH Food autocorrelation shows the relationship between CKH Food stock current value and its past values and can show if there is a momentum factor associated with investing in CKH Food Health.
Regressed Prices |
| Timeline |
Pair Trading with CKH Food
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 CKH Food 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 CKH Food will appreciate offsetting losses from the drop in the long position's value.Moving together with CKH Stock
| 0.77 | 005380 | Hyundai Motor | PairCorr |
| 0.69 | 005385 | Hyundai Motor | PairCorr |
| 0.64 | 005387 | Hyundai Motor | PairCorr |
| 0.67 | 089970 | Adaptive Plasma Tech | PairCorr |
Moving against CKH Stock
The ability to find closely correlated positions to CKH Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CKH Food 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 CKH Food - 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 CKH Food Health to buy it.
The correlation of CKH Food 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 CKH Food moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CKH Food Health 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 CKH Food 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 CKH Stock
CKH Food financial ratios help investors to determine whether CKH 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 CKH with respect to the benefits of owning CKH Food security.