LG Chemicals (Korea) Market Value
| 051910 Stock | 351,500 1,000.00 0.29% |
| Symbol | 051910 |
LG 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 LG 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 LG Chemicals.
| 03/03/2024 |
| 06/01/2024 |
If you would invest 0.00 in LG Chemicals on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding LG Chemicals or generate 0.0% return on investment in LG Chemicals over 90 days. LG Chemicals is related to or competes with Daiyang Metal, Busan Industrial, COWELL FASHION, Finebesteel, Fine Besteel, ISU Chemical, and Hyundai Heavy. More
LG 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 LG 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 LG Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 11.29 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 2.87 |
LG Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Chemicals' standard deviation. In reality, there are many statistical measures that can use LG Chemicals historical prices to predict the future LG Chemicals' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (1.97) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LG Chemicals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
LG Chemicals Backtested Returns
LG Chemicals retains Efficiency (Sharpe Ratio) of -0.21, which conveys that the firm had a -0.21% return per unit of price deviation over the last 3 months. LG Chemicals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG Chemicals' Market Risk Adjusted Performance of (1.96), mean deviation of 1.51, and Information Ratio of (0.23) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LG Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding LG Chemicals is expected to be smaller as well. LG Chemicals has an expected return of -0.43%. Please make sure to verify LG Chemicals market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if LG Chemicals performance from the past will be repeated sooner or later.
Auto-correlation | 0.37 |
Below average predictability
LG Chemicals has below average predictability. Overlapping area represents the amount of predictability between LG Chemicals time series from 3rd of March 2024 to 17th of April 2024 and 17th of April 2024 to 1st of June 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 LG Chemicals price movement. The serial correlation of 0.37 indicates that just about 37.0% of current LG Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 249.5 M |
LG Chemicals lagged returns against current returns
Autocorrelation, which is LG 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 LG Chemicals' stock expected returns. We can calculate the autocorrelation of LG Chemicals returns to help us make a trade decision. For example, suppose you find that LG 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 |
LG 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 LG Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
LG Chemicals Lagged Returns
When evaluating LG Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Chemicals stock have on its future price. LG 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, LG Chemicals autocorrelation shows the relationship between LG Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in LG Chemicals.
Regressed Prices |
| Timeline |
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Complementary Tools for 051910 Stock analysis
When running LG Chemicals' price analysis, check to measure LG Chemicals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LG Chemicals is operating at the current time. Most of LG Chemicals' value examination focuses on studying past and present price action to predict the probability of LG Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LG Chemicals' price. Additionally, you may evaluate how the addition of LG Chemicals to your portfolios can decrease your overall portfolio volatility.
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LG Chemicals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.