CJ Seafood (Korea) Market Value
| 011155 Stock | 16,210 260.00 1.58% |
| Symbol | 011155 |
CJ Seafood '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 CJ Seafood'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 CJ Seafood.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in CJ Seafood on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding CJ Seafood Corp or generate 0.0% return on investment in CJ Seafood over 30 days. CJ Seafood is related to or competes with Busan Industrial, Finebesteel, Shinhan Inverse, Hyundai Heavy, and Hanwha Aerospace. More
CJ Seafood 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 CJ Seafood'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 CJ Seafood Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 2.22 |
CJ Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CJ Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CJ Seafood's standard deviation. In reality, there are many statistical measures that can use CJ Seafood historical prices to predict the future CJ Seafood's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.8799 |
CJ Seafood Corp Backtested Returns
CJ Seafood Corp retains Efficiency (Sharpe Ratio) of -0.16, which signifies that the company had a -0.16% return per unit of price deviation over the last 3 months. CJ Seafood exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CJ Seafood's Variance of 2.79, information ratio of (0.21), and Market Risk Adjusted Performance of 0.8899 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CJ Seafood are expected to decrease at a much lower rate. During the bear market, CJ Seafood is likely to outperform the market. At this point, CJ Seafood Corp has a negative expected return of -0.28%. Please make sure to confirm CJ Seafood's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if CJ Seafood Corp performance from the past will be repeated sooner or later.
Auto-correlation | 0.58 |
Modest predictability
CJ Seafood Corp has modest predictability. Overlapping area represents the amount of predictability between CJ Seafood time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 CJ Seafood Corp price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current CJ Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 261.9 K |
CJ Seafood Corp lagged returns against current returns
Autocorrelation, which is CJ Seafood 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 CJ Seafood's stock expected returns. We can calculate the autocorrelation of CJ Seafood returns to help us make a trade decision. For example, suppose you find that CJ Seafood 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 |
CJ Seafood 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 CJ Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CJ Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CJ Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
CJ Seafood Lagged Returns
When evaluating CJ Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CJ Seafood stock have on its future price. CJ Seafood 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, CJ Seafood autocorrelation shows the relationship between CJ Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in CJ Seafood Corp.
Regressed Prices |
| Timeline |
Pair Trading with CJ Seafood
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 CJ Seafood 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 CJ Seafood will appreciate offsetting losses from the drop in the long position's value.Moving against 011155 Stock
The ability to find closely correlated positions to CJ Seafood could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CJ Seafood 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 CJ Seafood - 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 CJ Seafood Corp to buy it.
The correlation of CJ Seafood 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 CJ Seafood moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CJ Seafood Corp 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 CJ Seafood 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 011155 Stock
CJ Seafood financial ratios help investors to determine whether 011155 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 011155 with respect to the benefits of owning CJ Seafood security.