LEADCORP (Korea) Market Value
| 012700 Stock | KRW 4,255 25.00 0.59% |
| Symbol | LEADCORP |
LEADCORP '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 LEADCORP'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 LEADCORP.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in LEADCORP on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding The LEADCORP or generate 0.0% return on investment in LEADCORP over 180 days. LEADCORP is related to or competes with Cube Entertainment, Dreamus, LG Energy, Dongwon System, Lotte Non, Namhwa Industrial, and Hyundai Heavy. The LEADCORP, Inc. engages in the provision of oil and consumer financial service More
LEADCORP 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 LEADCORP'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 The LEADCORP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.05 |
LEADCORP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LEADCORP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LEADCORP's standard deviation. In reality, there are many statistical measures that can use LEADCORP historical prices to predict the future LEADCORP's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 4.55 |
LEADCORP Backtested Returns
LEADCORP has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19% return per unit of risk over the last 3 months. LEADCORP exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LEADCORP's Standard Deviation of 0.7861, risk adjusted performance of (0.15), and Market Risk Adjusted Performance of 4.56 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0353, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LEADCORP are expected to decrease at a much lower rate. During the bear market, LEADCORP is likely to outperform the market. At this point, LEADCORP has a negative expected return of -0.16%. Please make sure to verify LEADCORP's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if LEADCORP performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
The LEADCORP has very good predictability. Overlapping area represents the amount of predictability between LEADCORP time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 LEADCORP price movement. The serial correlation of 0.85 indicates that around 85.0% of current LEADCORP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 23.4 K |
LEADCORP lagged returns against current returns
Autocorrelation, which is LEADCORP 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 LEADCORP's stock expected returns. We can calculate the autocorrelation of LEADCORP returns to help us make a trade decision. For example, suppose you find that LEADCORP 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 |
LEADCORP 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 LEADCORP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LEADCORP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LEADCORP stock over time.
Current vs Lagged Prices |
| Timeline |
LEADCORP Lagged Returns
When evaluating LEADCORP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LEADCORP stock have on its future price. LEADCORP 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, LEADCORP autocorrelation shows the relationship between LEADCORP stock current value and its past values and can show if there is a momentum factor associated with investing in The LEADCORP.
Regressed Prices |
| Timeline |
Pair Trading with LEADCORP
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 LEADCORP 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 LEADCORP will appreciate offsetting losses from the drop in the long position's value.Moving together with LEADCORP Stock
| 0.9 | 078020 | EBEST Investment Sec | PairCorr |
| 0.81 | 098460 | Koh Young Technology | PairCorr |
| 0.85 | 014680 | Hansol Chemica | PairCorr |
Moving against LEADCORP Stock
| 0.76 | 047810 | Korea Aerospace Indu | PairCorr |
| 0.67 | 105560 | KB Financial Group | PairCorr |
| 0.62 | 003530 | Hanwha InvestmentSecuri | PairCorr |
The ability to find closely correlated positions to LEADCORP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LEADCORP 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 LEADCORP - 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 The LEADCORP to buy it.
The correlation of LEADCORP 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 LEADCORP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LEADCORP 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 LEADCORP 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 LEADCORP Stock
LEADCORP financial ratios help investors to determine whether LEADCORP 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 LEADCORP with respect to the benefits of owning LEADCORP security.