Chorokbaem Healthcare (Korea) Market Value
| 118000 Stock | 327.00 5.00 1.51% |
| Symbol | Chorokbaem |
Chorokbaem Healthcare '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 Chorokbaem Healthcare'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 Chorokbaem Healthcare.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Chorokbaem Healthcare on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Chorokbaem Healthcare Co or generate 0.0% return on investment in Chorokbaem Healthcare over 30 days. Chorokbaem Healthcare is related to or competes with Korea Information, Daishin Information, Jeong Moon, Ssangyong Information, System, Korea Shipbuilding, and GS Engineering. More
Chorokbaem Healthcare 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 Chorokbaem Healthcare'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 Chorokbaem Healthcare Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0205 | |||
| Maximum Drawdown | 21.51 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 4.1 |
Chorokbaem Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chorokbaem Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chorokbaem Healthcare's standard deviation. In reality, there are many statistical measures that can use Chorokbaem Healthcare historical prices to predict the future Chorokbaem Healthcare's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | 0.0484 | |||
| Total Risk Alpha | 0.077 | |||
| Sortino Ratio | 0.0254 | |||
| Treynor Ratio | (0.1) |
Chorokbaem Healthcare Backtested Returns
At this point, Chorokbaem Healthcare is very steady. Chorokbaem Healthcare secures Sharpe Ratio (or Efficiency) of 0.036, which signifies that the company had a 0.036 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chorokbaem Healthcare Co, which you can use to evaluate the volatility of the firm. Please confirm Chorokbaem Healthcare's Risk Adjusted Performance of 0.0234, downside deviation of 2.3, and Mean Deviation of 1.75 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Chorokbaem Healthcare has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chorokbaem Healthcare are expected to decrease at a much lower rate. During the bear market, Chorokbaem Healthcare is likely to outperform the market. Chorokbaem Healthcare right now shows a risk of 3.05%. Please confirm Chorokbaem Healthcare downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Chorokbaem Healthcare will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
Chorokbaem Healthcare Co has modest predictability. Overlapping area represents the amount of predictability between Chorokbaem Healthcare time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Chorokbaem Healthcare price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Chorokbaem Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 8.98 |
Chorokbaem Healthcare lagged returns against current returns
Autocorrelation, which is Chorokbaem Healthcare 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 Chorokbaem Healthcare's stock expected returns. We can calculate the autocorrelation of Chorokbaem Healthcare returns to help us make a trade decision. For example, suppose you find that Chorokbaem Healthcare 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 |
Chorokbaem Healthcare 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 Chorokbaem Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chorokbaem Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chorokbaem Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Chorokbaem Healthcare Lagged Returns
When evaluating Chorokbaem Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chorokbaem Healthcare stock have on its future price. Chorokbaem Healthcare 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, Chorokbaem Healthcare autocorrelation shows the relationship between Chorokbaem Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Chorokbaem Healthcare Co.
Regressed Prices |
| Timeline |
Pair Trading with Chorokbaem Healthcare
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 Chorokbaem Healthcare 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 Chorokbaem Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with Chorokbaem Stock
Moving against Chorokbaem Stock
The ability to find closely correlated positions to Chorokbaem Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chorokbaem Healthcare 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 Chorokbaem Healthcare - 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 Chorokbaem Healthcare Co to buy it.
The correlation of Chorokbaem Healthcare 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 Chorokbaem Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chorokbaem Healthcare 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 Chorokbaem Healthcare 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 Chorokbaem Stock
Chorokbaem Healthcare financial ratios help investors to determine whether Chorokbaem 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 Chorokbaem with respect to the benefits of owning Chorokbaem Healthcare security.