Miwon Chemicals (Korea) Market Value
| 134380 Stock | 78,100 200.00 0.26% |
| Symbol | Miwon |
Miwon Chemicals '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 Miwon Chemicals' 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 Miwon Chemicals.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Miwon Chemicals on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Miwon Chemicals Co or generate 0.0% return on investment in Miwon Chemicals over 90 days. Miwon Chemicals is related to or competes with ITM Semiconductor, Genie Music, SCI Information, Bohae Brewery, Hankook Furniture, Hyundai Home, and Samick Musical. More
Miwon Chemicals 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 Miwon Chemicals' 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 Miwon Chemicals Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.1397 | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.72 |
Miwon Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miwon Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miwon Chemicals' standard deviation. In reality, there are many statistical measures that can use Miwon Chemicals historical prices to predict the future Miwon Chemicals' volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.015 | |||
| Total Risk Alpha | 0.1509 | |||
| Sortino Ratio | 0.1348 | |||
| Treynor Ratio | (0.23) |
Miwon Chemicals Backtested Returns
Miwon Chemicals has Sharpe Ratio of -0.0177, which conveys that the firm had a -0.0177 % return per unit of risk over the last 3 months. Miwon Chemicals exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Miwon Chemicals' Downside Deviation of 1.02, risk adjusted performance of 0.0349, and Mean Deviation of 0.7042 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Miwon Chemicals are expected to decrease at a much lower rate. During the bear market, Miwon Chemicals is likely to outperform the market. At this point, Miwon Chemicals has a negative expected return of -0.0166%. Please make sure to verify Miwon Chemicals' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Miwon Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Miwon Chemicals Co has very weak predictability. Overlapping area represents the amount of predictability between Miwon Chemicals 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 Miwon Chemicals price movement. The serial correlation of 0.17 indicates that over 17.0% of current Miwon Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 570.6 K |
Miwon Chemicals lagged returns against current returns
Autocorrelation, which is Miwon Chemicals 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 Miwon Chemicals' stock expected returns. We can calculate the autocorrelation of Miwon Chemicals returns to help us make a trade decision. For example, suppose you find that Miwon Chemicals 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 |
Miwon Chemicals 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 Miwon Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miwon Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Miwon Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Miwon Chemicals Lagged Returns
When evaluating Miwon Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miwon Chemicals stock have on its future price. Miwon Chemicals 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, Miwon Chemicals autocorrelation shows the relationship between Miwon Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Miwon Chemicals Co.
Regressed Prices |
| Timeline |
Pair Trading with Miwon Chemicals
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 Miwon Chemicals 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 Miwon Chemicals will appreciate offsetting losses from the drop in the long position's value.Moving against Miwon Stock
The ability to find closely correlated positions to Miwon Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miwon Chemicals 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 Miwon Chemicals - 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 Miwon Chemicals Co to buy it.
The correlation of Miwon Chemicals 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 Miwon Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miwon Chemicals 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 Miwon Chemicals 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 Miwon Stock
Miwon Chemicals financial ratios help investors to determine whether Miwon 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 Miwon with respect to the benefits of owning Miwon Chemicals security.