Chinyang Hold (Korea) Market Value

100250 Stock   3,185  5.00  0.16%   
Chinyang Hold's market value is the price at which a share of Chinyang Hold trades on a public exchange. It measures the collective expectations of Chinyang Hold investors about its performance. Chinyang Hold is trading at 3185.00 as of the 21st of December 2024, a 0.16 percent decrease since the beginning of the trading day. The stock's open price was 3190.0.
With this module, you can estimate the performance of a buy and hold strategy of Chinyang Hold and determine expected loss or profit from investing in Chinyang Hold over a given investment horizon. Check out Chinyang Hold Correlation, Chinyang Hold Volatility and Chinyang Hold Alpha and Beta module to complement your research on Chinyang Hold.
Symbol

Please note, there is a significant difference between Chinyang Hold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chinyang Hold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chinyang Hold'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.

Chinyang Hold '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 Chinyang Hold'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 Chinyang Hold.
0.00
10/22/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/21/2024
0.00
If you would invest  0.00  in Chinyang Hold on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Chinyang Hold or generate 0.0% return on investment in Chinyang Hold over 60 days. Chinyang Hold is related to or competes with LG Chemicals, POSCO Holdings, Hanwha Solutions, Lotte Chemical, Hyundai Steel, Ecopro Co, and Korea Petro. More

Chinyang Hold 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 Chinyang Hold'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 Chinyang Hold upside and downside potential and time the market with a certain degree of confidence.

Chinyang Hold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chinyang Hold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chinyang Hold's standard deviation. In reality, there are many statistical measures that can use Chinyang Hold historical prices to predict the future Chinyang Hold's volatility.
Hype
Prediction
LowEstimatedHigh
3,1843,1853,186
Details
Intrinsic
Valuation
LowRealHigh
3,0513,0523,504
Details
Naive
Forecast
LowNextHigh
3,2213,2223,223
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3,0733,1653,257
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chinyang Hold. Your research has to be compared to or analyzed against Chinyang Hold's peers to derive any actionable benefits. When done correctly, Chinyang Hold'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 Chinyang Hold.

Chinyang Hold Backtested Returns

At this point, Chinyang Hold is very steady. Chinyang Hold secures Sharpe Ratio (or Efficiency) of 0.007, which signifies that the company had a 0.007% return per unit of risk over the last 3 months. We have found thirty technical indicators for Chinyang Hold, which you can use to evaluate the volatility of the firm. Please confirm Chinyang Hold's Downside Deviation of 0.6604, risk adjusted performance of 0.0197, and Mean Deviation of 0.3608 to double-check if the risk estimate we provide is consistent with the expected return of 0.0057%. The firm shows a Beta (market volatility) of -0.0814, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chinyang Hold are expected to decrease at a much lower rate. During the bear market, Chinyang Hold is likely to outperform the market. Chinyang Hold right now shows a risk of 0.82%. Please confirm Chinyang Hold downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Chinyang Hold will be following its price patterns.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Chinyang Hold has very good reverse predictability. Overlapping area represents the amount of predictability between Chinyang Hold time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st 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 Chinyang Hold price movement. The serial correlation of -0.67 indicates that around 67.0% of current Chinyang Hold price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test0.08
Residual Average0.0
Price Variance1865.22

Chinyang Hold lagged returns against current returns

Autocorrelation, which is Chinyang Hold 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 Chinyang Hold's stock expected returns. We can calculate the autocorrelation of Chinyang Hold returns to help us make a trade decision. For example, suppose you find that Chinyang Hold 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  

Chinyang Hold 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 Chinyang Hold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chinyang Hold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chinyang Hold stock over time.
   Current vs Lagged Prices   
       Timeline  

Chinyang Hold Lagged Returns

When evaluating Chinyang Hold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chinyang Hold stock have on its future price. Chinyang Hold 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, Chinyang Hold autocorrelation shows the relationship between Chinyang Hold stock current value and its past values and can show if there is a momentum factor associated with investing in Chinyang Hold.
   Regressed Prices   
       Timeline  

Pair Trading with Chinyang Hold

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 Chinyang Hold 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 Chinyang Hold will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Chinyang Hold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chinyang Hold 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 Chinyang Hold - 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 Chinyang Hold to buy it.
The correlation of Chinyang Hold 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 Chinyang Hold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chinyang Hold 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 Chinyang Hold 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 Chinyang Stock

Chinyang Hold financial ratios help investors to determine whether Chinyang 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 Chinyang with respect to the benefits of owning Chinyang Hold security.