Chunbo (Korea) Market Value
| 278280 Stock | KRW 36,650 350.00 0.95% |
| Symbol | Chunbo |
Chunbo '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 Chunbo'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 Chunbo.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Chunbo on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Chunbo Co or generate 0.0% return on investment in Chunbo over 90 days. Chunbo is related to or competes with InnoTherapy, CKH Food, Korea Industrial, Genie Music, Youngsin Metal, Chorokbaem Healthcare, and Aekyung Industrial. Chunbo Co., Ltd. provides fine chemical materials in South Korea and internationally More
Chunbo 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 Chunbo'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 Chunbo Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.65 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 4.47 |
Chunbo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chunbo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chunbo's standard deviation. In reality, there are many statistical measures that can use Chunbo historical prices to predict the future Chunbo's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.1933 | |||
| Treynor Ratio | (0.28) |
Chunbo Backtested Returns
Chunbo secures Sharpe Ratio (or Efficiency) of -0.0122, which signifies that the company had a -0.0122 % return per unit of risk over the last 3 months. Chunbo Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chunbo's Risk Adjusted Performance of (0.05), standard deviation of 3.26, and Mean Deviation of 2.65 to double-check the risk estimate we provide. 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, Chunbo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chunbo is expected to be smaller as well. At this point, Chunbo has a negative expected return of -0.0369%. Please make sure to confirm Chunbo's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Chunbo performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Chunbo Co has insignificant predictability. Overlapping area represents the amount of predictability between Chunbo 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 Chunbo price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Chunbo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 3.3 M |
Chunbo lagged returns against current returns
Autocorrelation, which is Chunbo 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 Chunbo's stock expected returns. We can calculate the autocorrelation of Chunbo returns to help us make a trade decision. For example, suppose you find that Chunbo 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 |
Chunbo 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 Chunbo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chunbo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chunbo stock over time.
Current vs Lagged Prices |
| Timeline |
Chunbo Lagged Returns
When evaluating Chunbo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chunbo stock have on its future price. Chunbo 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, Chunbo autocorrelation shows the relationship between Chunbo stock current value and its past values and can show if there is a momentum factor associated with investing in Chunbo Co.
Regressed Prices |
| Timeline |
Pair Trading with Chunbo
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 Chunbo 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 Chunbo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Chunbo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chunbo 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 Chunbo - 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 Chunbo Co to buy it.
The correlation of Chunbo 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 Chunbo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chunbo 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 Chunbo 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 Chunbo Stock
Chunbo financial ratios help investors to determine whether Chunbo 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 Chunbo with respect to the benefits of owning Chunbo security.