Choong Ang (Korea) Market Value

072020 Stock  KRW 9,900  60.00  0.60%   
Choong Ang's market value is the price at which a share of Choong Ang trades on a public exchange. It measures the collective expectations of Choong Ang Vaccine investors about its performance. Choong Ang is trading at 9900.00 as of the 4th of March 2025, a 0.6 percent decrease since the beginning of the trading day. The stock's open price was 9960.0.
With this module, you can estimate the performance of a buy and hold strategy of Choong Ang Vaccine and determine expected loss or profit from investing in Choong Ang over a given investment horizon. Check out Choong Ang Correlation, Choong Ang Volatility and Choong Ang Alpha and Beta module to complement your research on Choong Ang.
Symbol

Please note, there is a significant difference between Choong Ang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Choong Ang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Choong Ang's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
09/05/2024
No Change 0.00  0.0 
In 5 months and 29 days
03/04/2025
0.00
If you would invest  0.00  in Choong Ang on September 5, 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 180 days. Choong Ang is related to or competes with Sungdo Engineering, Keyang Electric, Hwacheon Machinery, Namkwang Engineering, Dongbang Transport, and Seoam Machinery. 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.

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.
Hype
Prediction
LowEstimatedHigh
9,8999,9009,901
Details
Intrinsic
Valuation
LowRealHigh
8,7528,75410,890
Details
Naive
Forecast
LowNextHigh
9,8069,8079,808
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9,6639,88110,098
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Choong Ang. Your research has to be compared to or analyzed against Choong Ang's peers to derive any actionable benefits. When done correctly, Choong Ang's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Choong Ang Vaccine.

Choong Ang Vaccine Backtested Returns

At this point, Choong Ang is very steady. Choong Ang Vaccine secures Sharpe Ratio (or Efficiency) of 0.033, which signifies that the company had a 0.033 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Choong Ang Vaccine, which you can use to evaluate the volatility of the firm. Please confirm Choong Ang's Standard Deviation of 1.36, risk adjusted performance of 0.004, and Mean Deviation of 0.8841 to double-check if the risk estimate we provide is consistent with the expected return of 0.0475%. Choong Ang has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0235, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Choong Ang are expected to decrease at a much lower rate. During the bear market, Choong Ang is likely to outperform the market. Choong Ang Vaccine right now shows a risk of 1.44%. Please confirm Choong Ang Vaccine standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Choong Ang Vaccine will be following its price patterns.

Auto-correlation

    
  0.26  

Poor predictability

Choong Ang Vaccine has poor predictability. Overlapping area represents the amount of predictability between Choong Ang time series from 5th of September 2024 to 4th of December 2024 and 4th of December 2024 to 4th 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 0.26 indicates that nearly 26.0% of current Choong Ang price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test-0.27
Residual Average0.0
Price Variance57 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.
Pair CorrelationCorrelation Matching

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.