CHOROKBAEM PANY Stock Forecast - Day Median Price
| 052300 Stock | KRW 300.00 26.00 9.49% |
CHOROKBAEM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CHOROKBAEM PANY stock prices and determine the direction of CHOROKBAEM PANY Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CHOROKBAEM PANY's historical fundamentals, such as revenue growth or operating cash flow patterns.
CHOROKBAEM |
| Previous Day Median Price | Day Median Price | Trend |
| 297.5 | 295.0 |
| Check CHOROKBAEM PANY Volatility | Backtest CHOROKBAEM PANY | Trend Details |
CHOROKBAEM PANY Trading Date Momentum
| On December 26 2024 CHOROKBAEM PANY Co was traded for 283.00 at the closing time. The highest price during the trading period was 297.00 and the lowest recorded bid was listed for 270.00 . The volume for the day was 844.2 K. This history from December 26, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.41% . The overall trading delta to the current price is 6.48% . |
The median price is the midpoint of the trading periods range.
Compare CHOROKBAEM PANY to competition
CHOROKBAEM PANY Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CHOROKBAEM PANY stock to make a market-neutral strategy. Peer analysis of CHOROKBAEM PANY could also be used in its relative valuation, which is a method of valuing CHOROKBAEM PANY by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CHOROKBAEM PANY Market Strength Events
Market strength indicators help investors to evaluate how CHOROKBAEM PANY stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CHOROKBAEM PANY shares will generate the highest return on investment. By undertsting and applying CHOROKBAEM PANY stock market strength indicators, traders can identify CHOROKBAEM PANY Co entry and exit signals to maximize returns.
Pair Trading with CHOROKBAEM PANY
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 CHOROKBAEM PANY 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 CHOROKBAEM PANY will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CHOROKBAEM PANY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHOROKBAEM PANY 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 CHOROKBAEM PANY - 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 CHOROKBAEM PANY Co to buy it.
The correlation of CHOROKBAEM PANY 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 CHOROKBAEM PANY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHOROKBAEM PANY 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 CHOROKBAEM PANY 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 CHOROKBAEM Stock
CHOROKBAEM PANY financial ratios help investors to determine whether CHOROKBAEM 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 CHOROKBAEM with respect to the benefits of owning CHOROKBAEM PANY security.