China Crystal (Korea) Market Value
| 900250 Stock | KRW 889.00 1.00 0.11% |
| Symbol | China |
China Crystal '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 China Crystal'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 China Crystal.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in China Crystal on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding China Crystal New or generate 0.0% return on investment in China Crystal over 30 days. China Crystal is related to or competes with Intellian Technologies, Orbitech, Samsung Publishing, Woori Technology, RFTech, Eagle Veterinary, and Amogreentech. China Crystal New Material Holdings Co., Ltd More
China Crystal 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 China Crystal'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 China Crystal New upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 21.32 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.29 |
China Crystal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Crystal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Crystal's standard deviation. In reality, there are many statistical measures that can use China Crystal historical prices to predict the future China Crystal's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.1343 |
China Crystal New Backtested Returns
China Crystal New secures Sharpe Ratio (or Efficiency) of -0.0065, which signifies that the company had a -0.0065% return per unit of risk over the last 3 months. China Crystal New exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Crystal's Mean Deviation of 1.7, insignificant risk adjusted performance, and Standard Deviation of 2.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Crystal are expected to decrease at a much lower rate. During the bear market, China Crystal is likely to outperform the market. At this point, China Crystal New has a negative expected return of -0.0201%. Please make sure to confirm China Crystal's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if China Crystal New performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
China Crystal New has very good reverse predictability. Overlapping area represents the amount of predictability between China Crystal time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 China Crystal New price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current China Crystal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 709.89 |
China Crystal New lagged returns against current returns
Autocorrelation, which is China Crystal 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 China Crystal's stock expected returns. We can calculate the autocorrelation of China Crystal returns to help us make a trade decision. For example, suppose you find that China Crystal 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 |
China Crystal 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 China Crystal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Crystal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Crystal stock over time.
Current vs Lagged Prices |
| Timeline |
China Crystal Lagged Returns
When evaluating China Crystal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Crystal stock have on its future price. China Crystal 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, China Crystal autocorrelation shows the relationship between China Crystal stock current value and its past values and can show if there is a momentum factor associated with investing in China Crystal New.
Regressed Prices |
| Timeline |
Pair Trading with China Crystal
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 China Crystal 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 China Crystal will appreciate offsetting losses from the drop in the long position's value.Moving together with China Stock
| 0.62 | 051910 | LG Chemicals | PairCorr |
| 0.76 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.68 | 004020 | Hyundai Steel | PairCorr |
The ability to find closely correlated positions to China Crystal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Crystal 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 China Crystal - 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 China Crystal New to buy it.
The correlation of China Crystal 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 China Crystal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Crystal New 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 China Crystal 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 China Stock
China Crystal financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Crystal security.