LG Chem (Korea) Market Value
| 051915 Stock | 124,100 600.00 0.48% |
| Symbol | 051915 |
LG Chem '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 LG Chem'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 LG Chem.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in LG Chem on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding LG Chem or generate 0.0% return on investment in LG Chem over 30 days. LG Chem is related to or competes with Pureun Mutual, Adaptive Plasma, Guyoung Technology, Hwangkum Steel, Eugene Investment, SK Chemicals, and Worldex Industry. More
LG Chem 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 LG Chem'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 LG Chem upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 14.51 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 3.41 |
LG Chem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Chem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Chem's standard deviation. In reality, there are many statistical measures that can use LG Chem historical prices to predict the future LG Chem's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 1.64 |
LG Chem Backtested Returns
LG Chem retains Efficiency (Sharpe Ratio) of -0.32, which conveys that the firm had a -0.32 % return per unit of price deviation over the last 3 months. LG Chem exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG Chem's Information Ratio of (0.21), market risk adjusted performance of 1.65, and Mean Deviation of 1.99 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning LG Chem are expected to decrease at a much lower rate. During the bear market, LG Chem is likely to outperform the market. At this point, LG Chem has a negative expected return of -0.82%. Please make sure to verify LG Chem's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if LG Chem performance from the past will be repeated sooner or later.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
LG Chem has almost perfect reverse predictability. Overlapping area represents the amount of predictability between LG Chem time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 LG Chem price movement. The serial correlation of -0.72 indicates that around 72.0% of current LG Chem price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 2.2 M |
LG Chem lagged returns against current returns
Autocorrelation, which is LG Chem 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 LG Chem's stock expected returns. We can calculate the autocorrelation of LG Chem returns to help us make a trade decision. For example, suppose you find that LG Chem 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 |
LG Chem 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 LG Chem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Chem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Chem stock over time.
Current vs Lagged Prices |
| Timeline |
LG Chem Lagged Returns
When evaluating LG Chem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Chem stock have on its future price. LG Chem 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, LG Chem autocorrelation shows the relationship between LG Chem stock current value and its past values and can show if there is a momentum factor associated with investing in LG Chem.
Regressed Prices |
| Timeline |
Pair Trading with LG Chem
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 LG Chem 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 LG Chem will appreciate offsetting losses from the drop in the long position's value.Moving against 051915 Stock
| 0.95 | 230240 | Hana Financial 7 | PairCorr |
| 0.83 | 112290 | Youngchang Chemical | PairCorr |
| 0.78 | 213420 | DukSan Neolux CoLtd | PairCorr |
| 0.77 | 357550 | Sukgyung AT | PairCorr |
| 0.69 | 220260 | LIG ES SPAC | PairCorr |
The ability to find closely correlated positions to LG Chem could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LG Chem 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 LG Chem - 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 LG Chem to buy it.
The correlation of LG Chem 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 LG Chem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Chem 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 LG Chem 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 051915 Stock
LG Chem financial ratios help investors to determine whether 051915 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 051915 with respect to the benefits of owning LG Chem security.