CJ CheilJedang (Korea) Market Value
| 097955 Stock | 133,700 1,400 1.06% |
| Symbol | 097955 |
CJ CheilJedang '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 CJ CheilJedang'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 CJ CheilJedang.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in CJ CheilJedang on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding CJ CheilJedang Corp or generate 0.0% return on investment in CJ CheilJedang over 90 days. CJ CheilJedang is related to or competes with Semyung Electric, Kyeryong Construction, Ewon Comfortech, and KEPCO Engineering. More
CJ CheilJedang 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 CJ CheilJedang'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 CJ CheilJedang Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.1585 | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.2 |
CJ CheilJedang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CJ CheilJedang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CJ CheilJedang's standard deviation. In reality, there are many statistical measures that can use CJ CheilJedang historical prices to predict the future CJ CheilJedang's volatility.| Risk Adjusted Performance | 0.0486 | |||
| Jensen Alpha | 0.0526 | |||
| Total Risk Alpha | 0.1619 | |||
| Sortino Ratio | 0.1482 | |||
| Treynor Ratio | 0.4519 |
CJ CheilJedang Corp Backtested Returns
At this point, CJ CheilJedang is very steady. CJ CheilJedang Corp retains Efficiency (Sharpe Ratio) of 0.13, which signifies that the company had a 0.13 % return per unit of price deviation over the last 3 months. We have found thirty technical indicators for CJ CheilJedang, which you can use to evaluate the volatility of the firm. Please confirm CJ CheilJedang's Market Risk Adjusted Performance of 0.4619, standard deviation of 0.955, and Coefficient Of Variation of 1824.57 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. CJ CheilJedang has a performance score of 10 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0937, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CJ CheilJedang's returns are expected to increase less than the market. However, during the bear market, the loss of holding CJ CheilJedang is expected to be smaller as well. CJ CheilJedang Corp today owns a risk of 0.79%. Please confirm CJ CheilJedang Corp market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if CJ CheilJedang Corp will be following its current price history.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
CJ CheilJedang Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CJ CheilJedang time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 CJ CheilJedang Corp price movement. The serial correlation of -0.75 indicates that around 75.0% of current CJ CheilJedang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 9.4 M |
CJ CheilJedang Corp lagged returns against current returns
Autocorrelation, which is CJ CheilJedang 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 CJ CheilJedang's stock expected returns. We can calculate the autocorrelation of CJ CheilJedang returns to help us make a trade decision. For example, suppose you find that CJ CheilJedang 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 |
CJ CheilJedang 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 CJ CheilJedang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CJ CheilJedang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CJ CheilJedang stock over time.
Current vs Lagged Prices |
| Timeline |
CJ CheilJedang Lagged Returns
When evaluating CJ CheilJedang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CJ CheilJedang stock have on its future price. CJ CheilJedang 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, CJ CheilJedang autocorrelation shows the relationship between CJ CheilJedang stock current value and its past values and can show if there is a momentum factor associated with investing in CJ CheilJedang Corp.
Regressed Prices |
| Timeline |
Pair Trading with CJ CheilJedang
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 CJ CheilJedang 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 CJ CheilJedang will appreciate offsetting losses from the drop in the long position's value.Moving together with 097955 Stock
Moving against 097955 Stock
| 0.58 | 105560 | KB Financial Group | PairCorr |
| 0.48 | 225530 | Bokwang Industry | PairCorr |
| 0.41 | 011155 | CJ Seafood Corp | PairCorr |
| 0.32 | 290650 | LC Bio | PairCorr |
The ability to find closely correlated positions to CJ CheilJedang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CJ CheilJedang 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 CJ CheilJedang - 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 CJ CheilJedang Corp to buy it.
The correlation of CJ CheilJedang 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 CJ CheilJedang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CJ CheilJedang Corp 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 CJ CheilJedang 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 097955 Stock
CJ CheilJedang financial ratios help investors to determine whether 097955 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 097955 with respect to the benefits of owning CJ CheilJedang security.