LAKE MATERIALS (Korea) Market Value
| 281740 Stock | KRW 11,070 560.00 5.33% |
| Symbol | LAKE |
LAKE MATERIALS '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 LAKE MATERIALS'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 LAKE MATERIALS.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in LAKE MATERIALS on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding LAKE MATERIALS LTD or generate 0.0% return on investment in LAKE MATERIALS over 30 days. LAKE MATERIALS is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. Lake Materials Co., Ltd. develops and manufactures organometallic compounds that are used as materials for semiconductor... More
LAKE MATERIALS 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 LAKE MATERIALS'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 LAKE MATERIALS LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 14.29 | |||
| Value At Risk | (7.21) | |||
| Potential Upside | 5.33 |
LAKE MATERIALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LAKE MATERIALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LAKE MATERIALS's standard deviation. In reality, there are many statistical measures that can use LAKE MATERIALS historical prices to predict the future LAKE MATERIALS's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (7.72) |
LAKE MATERIALS LTD Backtested Returns
LAKE MATERIALS LTD has Sharpe Ratio of -0.17, which conveys that the company had a -0.17% return per unit of volatility over the last 3 months. LAKE MATERIALS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LAKE MATERIALS's Market Risk Adjusted Performance of (7.71), standard deviation of 3.29, and Mean Deviation of 2.48 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.0838, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LAKE MATERIALS's returns are expected to increase less than the market. However, during the bear market, the loss of holding LAKE MATERIALS is expected to be smaller as well. At this point, LAKE MATERIALS LTD has a negative expected return of -0.55%. Please make sure to verify LAKE MATERIALS's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if LAKE MATERIALS LTD performance from the past will be repeated in the future.
Auto-correlation | 0.34 |
Below average predictability
LAKE MATERIALS LTD has below average predictability. Overlapping area represents the amount of predictability between LAKE MATERIALS time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LAKE MATERIALS LTD price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current LAKE MATERIALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 598 K |
LAKE MATERIALS LTD lagged returns against current returns
Autocorrelation, which is LAKE MATERIALS 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 LAKE MATERIALS's stock expected returns. We can calculate the autocorrelation of LAKE MATERIALS returns to help us make a trade decision. For example, suppose you find that LAKE MATERIALS 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 |
LAKE MATERIALS 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 LAKE MATERIALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LAKE MATERIALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LAKE MATERIALS stock over time.
Current vs Lagged Prices |
| Timeline |
LAKE MATERIALS Lagged Returns
When evaluating LAKE MATERIALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LAKE MATERIALS stock have on its future price. LAKE MATERIALS 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, LAKE MATERIALS autocorrelation shows the relationship between LAKE MATERIALS stock current value and its past values and can show if there is a momentum factor associated with investing in LAKE MATERIALS LTD.
Regressed Prices |
| Timeline |
Pair Trading with LAKE MATERIALS
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 LAKE MATERIALS 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 LAKE MATERIALS will appreciate offsetting losses from the drop in the long position's value.Moving together with LAKE Stock
Moving against LAKE Stock
The ability to find closely correlated positions to LAKE MATERIALS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LAKE MATERIALS 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 LAKE MATERIALS - 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 LAKE MATERIALS LTD to buy it.
The correlation of LAKE MATERIALS 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 LAKE MATERIALS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LAKE MATERIALS LTD 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 LAKE MATERIALS 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 LAKE Stock
LAKE MATERIALS financial ratios help investors to determine whether LAKE 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 LAKE with respect to the benefits of owning LAKE MATERIALS security.