Chin Yang (Korea) Market Value
| 051630 Stock | 4,575 55.00 1.22% |
| Symbol | Chin |
Chin Yang '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 Chin Yang'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 Chin Yang.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Chin Yang on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Chin Yang Chemical or generate 0.0% return on investment in Chin Yang over 720 days. Chin Yang is related to or competes with ITM Semiconductor, Dgb Financial, Hanmi Semiconductor, Koryo Credit, Jeju Bank, KEPCO Engineering, and KCC Engineering. More
Chin Yang 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 Chin Yang'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 Chin Yang Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.78 | |||
| Information Ratio | 0.1996 | |||
| Maximum Drawdown | 43.65 | |||
| Value At Risk | (8.24) | |||
| Potential Upside | 13.94 |
Chin Yang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chin Yang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chin Yang's standard deviation. In reality, there are many statistical measures that can use Chin Yang historical prices to predict the future Chin Yang's volatility.| Risk Adjusted Performance | 0.1548 | |||
| Jensen Alpha | 1.59 | |||
| Total Risk Alpha | 1.81 | |||
| Sortino Ratio | 0.2737 | |||
| Treynor Ratio | 1.3 |
Chin Yang Chemical Backtested Returns
Chin Yang is very steady given 3 months investment horizon. Chin Yang Chemical secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2 % return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.57% are justified by taking the suggested risk. Use Chin Yang Mean Deviation of 5.68, downside deviation of 5.78, and Risk Adjusted Performance of 0.1548 to evaluate company specific risk that cannot be diversified away. Chin Yang holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.2, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chin Yang will likely underperform. Use Chin Yang market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Chin Yang.
Auto-correlation | -0.38 |
Poor reverse predictability
Chin Yang Chemical has poor reverse predictability. Overlapping area represents the amount of predictability between Chin Yang time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chin Yang Chemical price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Chin Yang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 394.6 K |
Chin Yang Chemical lagged returns against current returns
Autocorrelation, which is Chin Yang 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 Chin Yang's stock expected returns. We can calculate the autocorrelation of Chin Yang returns to help us make a trade decision. For example, suppose you find that Chin Yang 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 |
Chin Yang 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 Chin Yang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chin Yang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chin Yang stock over time.
Current vs Lagged Prices |
| Timeline |
Chin Yang Lagged Returns
When evaluating Chin Yang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chin Yang stock have on its future price. Chin Yang 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, Chin Yang autocorrelation shows the relationship between Chin Yang stock current value and its past values and can show if there is a momentum factor associated with investing in Chin Yang Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Chin Yang
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 Chin Yang 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 Chin Yang will appreciate offsetting losses from the drop in the long position's value.Moving together with Chin Stock
The ability to find closely correlated positions to Chin Yang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chin Yang 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 Chin Yang - 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 Chin Yang Chemical to buy it.
The correlation of Chin Yang 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 Chin Yang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chin Yang Chemical 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 Chin Yang 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 Chin Stock
Chin Yang financial ratios help investors to determine whether Chin 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 Chin with respect to the benefits of owning Chin Yang security.