Celltrion (Korea) Market Value
| 068270 Stock | 194,400 500.00 0.26% |
| Symbol | Celltrion |
Celltrion '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 Celltrion'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 Celltrion.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Celltrion on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Celltrion or generate 0.0% return on investment in Celltrion over 720 days. Celltrion is related to or competes with Gyeongnam Steel, YG Entertainment, I-Components, Nable Communications, Korea Investment, and Busan Industrial. Celltrion, Inc. researches, develops, manufactures, and sells biopharmaceutical solutions in South Korea and internationally. More
Celltrion 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 Celltrion'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 Celltrion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.0 |
Celltrion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celltrion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celltrion's standard deviation. In reality, there are many statistical measures that can use Celltrion historical prices to predict the future Celltrion's volatility.| Risk Adjusted Performance | 0.0105 | |||
| Jensen Alpha | 0.003 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.03) |
Celltrion Backtested Returns
Celltrion secures Sharpe Ratio (or Efficiency) of -0.0198, which signifies that the company had a -0.0198% return per unit of risk over the last 3 months. Celltrion exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Celltrion's Downside Deviation of 2.22, risk adjusted performance of 0.0105, and Mean Deviation of 1.59 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0494, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Celltrion are expected to decrease at a much lower rate. During the bear market, Celltrion is likely to outperform the market. At this point, Celltrion has a negative expected return of -0.0414%. Please make sure to confirm Celltrion's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Celltrion performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Celltrion has weak reverse predictability. Overlapping area represents the amount of predictability between Celltrion time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th of December 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 Celltrion price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Celltrion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 100.1 M |
Celltrion lagged returns against current returns
Autocorrelation, which is Celltrion 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 Celltrion's stock expected returns. We can calculate the autocorrelation of Celltrion returns to help us make a trade decision. For example, suppose you find that Celltrion 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 |
Celltrion 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 Celltrion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celltrion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celltrion stock over time.
Current vs Lagged Prices |
| Timeline |
Celltrion Lagged Returns
When evaluating Celltrion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celltrion stock have on its future price. Celltrion 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, Celltrion autocorrelation shows the relationship between Celltrion stock current value and its past values and can show if there is a momentum factor associated with investing in Celltrion.
Regressed Prices |
| Timeline |
Pair Trading with Celltrion
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 Celltrion 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 Celltrion will appreciate offsetting losses from the drop in the long position's value.Moving together with Celltrion Stock
Moving against Celltrion Stock
| 0.6 | 041510 | SM Entertainment | PairCorr |
| 0.5 | 032830 | Samsung Life | PairCorr |
| 0.44 | 105560 | KB Financial Group | PairCorr |
| 0.36 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Celltrion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celltrion 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 Celltrion - 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 Celltrion to buy it.
The correlation of Celltrion 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 Celltrion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celltrion 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 Celltrion 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 Celltrion Stock
Celltrion financial ratios help investors to determine whether Celltrion 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 Celltrion with respect to the benefits of owning Celltrion security.