TK Chemical (Korea) Market Value
| 104480 Stock | KRW 1,415 15.00 1.05% |
| Symbol | 104480 |
TK Chemical '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 TK Chemical'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 TK Chemical.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in TK Chemical on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding TK Chemical or generate 0.0% return on investment in TK Chemical over 90 days. TK Chemical is related to or competes with Nice Information, Daejung Chemicals, Kukil Metal, NICE Information, INtRON Biotechnology, Kakao Games, and Korea Alcohol. The company offers polyester yarns and spandex yarns, as well as PET resins More
TK Chemical 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 TK Chemical'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 TK Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0717 | |||
| Maximum Drawdown | 34.2 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.03 |
TK Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TK Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TK Chemical's standard deviation. In reality, there are many statistical measures that can use TK Chemical historical prices to predict the future TK Chemical's volatility.| Risk Adjusted Performance | 0.0536 | |||
| Jensen Alpha | 0.2252 | |||
| Total Risk Alpha | 0.6325 | |||
| Sortino Ratio | 0.1522 | |||
| Treynor Ratio | 0.9295 |
TK Chemical Backtested Returns
At this point, TK Chemical is very steady. TK Chemical retains Efficiency (Sharpe Ratio) of 0.0238, which indicates the firm had a 0.0238 % return per unit of price deviation over the last 3 months. We have found thirty technical indicators for TK Chemical, which you can use to evaluate the volatility of the company. Please validate TK Chemical's Risk Adjusted Performance of 0.0536, mean deviation of 1.92, and Downside Deviation of 1.95 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. TK Chemical has a performance score of 1 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TK Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding TK Chemical is expected to be smaller as well. TK Chemical today owns a risk of 4.39%. Please validate TK Chemical market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if TK Chemical will be following its current price history.
Auto-correlation | 0.36 |
Below average predictability
TK Chemical has below average predictability. Overlapping area represents the amount of predictability between TK Chemical time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 TK Chemical price movement. The serial correlation of 0.36 indicates that just about 36.0% of current TK Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1048.47 |
TK Chemical lagged returns against current returns
Autocorrelation, which is TK Chemical 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 TK Chemical's stock expected returns. We can calculate the autocorrelation of TK Chemical returns to help us make a trade decision. For example, suppose you find that TK Chemical 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 |
TK Chemical 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 TK Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TK Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TK Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
TK Chemical Lagged Returns
When evaluating TK Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TK Chemical stock have on its future price. TK Chemical 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, TK Chemical autocorrelation shows the relationship between TK Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in TK Chemical.
Regressed Prices |
| Timeline |
Pair Trading with TK Chemical
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 TK Chemical 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 TK Chemical will appreciate offsetting losses from the drop in the long position's value.Moving against 104480 Stock
The ability to find closely correlated positions to TK Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TK Chemical 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 TK Chemical - 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 TK Chemical to buy it.
The correlation of TK Chemical 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 TK Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TK Chemical 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 TK Chemical 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 104480 Stock
TK Chemical financial ratios help investors to determine whether 104480 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 104480 with respect to the benefits of owning TK Chemical security.