Choong Ang (Korea) Market Value
| 072020 Stock | KRW 10,110 150.00 1.51% |
| Symbol | Choong |
Choong Ang '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 Choong Ang'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 Choong Ang.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Choong Ang on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Choong Ang Vaccine or generate 0.0% return on investment in Choong Ang over 90 days. Choong Ang is related to or competes with Shinhan Financial, SK Telecom, Kakao Games, Nable Communications, Korean Reinsurance, KakaoBank Corp, and Jeju Bank. Choong Ang Vaccine Laboratory Co., Ltd. engages in the production and sale of animal biological products primarily in Ko... More
Choong Ang 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 Choong Ang'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 Choong Ang Vaccine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.1172 | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.11 |
Choong Ang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Choong Ang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Choong Ang's standard deviation. In reality, there are many statistical measures that can use Choong Ang historical prices to predict the future Choong Ang's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.0547 | |||
| Total Risk Alpha | 0.222 | |||
| Sortino Ratio | 0.1173 | |||
| Treynor Ratio | 1.51 |
Choong Ang Vaccine Backtested Returns
At this point, Choong Ang is very steady. Choong Ang Vaccine secures Sharpe Ratio (or Efficiency) of 0.0865, which signifies that the company had a 0.0865 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Choong Ang Vaccine, which you can use to evaluate the volatility of the firm. Please confirm Choong Ang's Mean Deviation of 0.8872, downside deviation of 1.36, and Risk Adjusted Performance of 0.0425 to double-check if the risk estimate we provide is consistent with the expected return of 0.0826%. Choong Ang has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0338, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Choong Ang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Choong Ang is expected to be smaller as well. Choong Ang Vaccine right now shows a risk of 0.96%. Please confirm Choong Ang Vaccine downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Choong Ang Vaccine will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
Choong Ang Vaccine has modest predictability. Overlapping area represents the amount of predictability between Choong Ang time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Choong Ang Vaccine price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Choong Ang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 10.3 K |
Choong Ang Vaccine lagged returns against current returns
Autocorrelation, which is Choong Ang 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 Choong Ang's stock expected returns. We can calculate the autocorrelation of Choong Ang returns to help us make a trade decision. For example, suppose you find that Choong Ang 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 |
Choong Ang 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 Choong Ang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Choong Ang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Choong Ang stock over time.
Current vs Lagged Prices |
| Timeline |
Choong Ang Lagged Returns
When evaluating Choong Ang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Choong Ang stock have on its future price. Choong Ang 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, Choong Ang autocorrelation shows the relationship between Choong Ang stock current value and its past values and can show if there is a momentum factor associated with investing in Choong Ang Vaccine.
Regressed Prices |
| Timeline |
Pair Trading with Choong Ang
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 Choong Ang 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 Choong Ang will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Choong Ang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Choong Ang 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 Choong Ang - 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 Choong Ang Vaccine to buy it.
The correlation of Choong Ang 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 Choong Ang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Choong Ang Vaccine 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 Choong Ang 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 Choong Stock
Choong Ang financial ratios help investors to determine whether Choong 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 Choong with respect to the benefits of owning Choong Ang security.