Cheryong Industrial (Korea) Market Value
| 147830 Stock | KRW 5,960 140.00 2.41% |
| Symbol | Cheryong |
Cheryong Industrial '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 Cheryong Industrial'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 Cheryong Industrial.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Cheryong Industrial on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Cheryong Industrial CoLtd or generate 0.0% return on investment in Cheryong Industrial over 90 days. Cheryong Industrial is related to or competes with Lotte Data, Korea Information, Digital Power, Seoul Electronics, CKH Food, Innowireless, and CU Medical. Cheryong Industrial Co. Ltd. manufactures materials used in power transmission industry, such as materials for guywires, downlead wires and pipelines, as well as insulators, fittings and plastic reels, optical joint boxes, optical patchcord pigtails and fiber optical joint boxes. More
Cheryong Industrial 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 Cheryong Industrial'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 Cheryong Industrial CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 36.86 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 5.85 |
Cheryong Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cheryong Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cheryong Industrial's standard deviation. In reality, there are many statistical measures that can use Cheryong Industrial historical prices to predict the future Cheryong Industrial's volatility.| Risk Adjusted Performance | 0.0656 | |||
| Jensen Alpha | 0.3922 | |||
| Total Risk Alpha | 0.9129 | |||
| Sortino Ratio | 0.1267 | |||
| Treynor Ratio | 0.4016 |
Cheryong Industrial CoLtd Backtested Returns
Cheryong Industrial appears to be very steady, given 3 months investment horizon. Cheryong Industrial CoLtd secures Sharpe Ratio (or Efficiency) of 0.0503, which signifies that the company had a 0.0503 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cheryong Industrial CoLtd, which you can use to evaluate the volatility of the firm. Please makes use of Cheryong Industrial's risk adjusted performance of 0.0656, and Mean Deviation of 2.65 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cheryong Industrial holds a performance score of 3. The firm shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cheryong Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cheryong Industrial is expected to be smaller as well. Please check Cheryong Industrial's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cheryong Industrial's price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Cheryong Industrial CoLtd has modest reverse predictability. Overlapping area represents the amount of predictability between Cheryong Industrial 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 Cheryong Industrial CoLtd price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Cheryong Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 86.5 K |
Cheryong Industrial CoLtd lagged returns against current returns
Autocorrelation, which is Cheryong Industrial 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 Cheryong Industrial's stock expected returns. We can calculate the autocorrelation of Cheryong Industrial returns to help us make a trade decision. For example, suppose you find that Cheryong Industrial 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 |
Cheryong Industrial 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 Cheryong Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cheryong Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cheryong Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Cheryong Industrial Lagged Returns
When evaluating Cheryong Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cheryong Industrial stock have on its future price. Cheryong Industrial 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, Cheryong Industrial autocorrelation shows the relationship between Cheryong Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Cheryong Industrial CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Cheryong Industrial
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 Cheryong Industrial 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 Cheryong Industrial will appreciate offsetting losses from the drop in the long position's value.Moving against Cheryong Stock
The ability to find closely correlated positions to Cheryong Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheryong Industrial 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 Cheryong Industrial - 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 Cheryong Industrial CoLtd to buy it.
The correlation of Cheryong Industrial 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 Cheryong Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cheryong Industrial CoLtd 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 Cheryong Industrial 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 Cheryong Stock
Cheryong Industrial financial ratios help investors to determine whether Cheryong 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 Cheryong with respect to the benefits of owning Cheryong Industrial security.