Sajo Seafood (Korea) Market Value
| 014710 Stock | 4,490 135.00 2.92% |
| Symbol | Sajo |
Sajo 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 Sajo 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 Sajo Seafood.
| 12/10/2023 |
| 01/03/2025 |
If you would invest 0.00 in Sajo Seafood on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Sajo Seafood or generate 0.0% return on investment in Sajo Seafood over 390 days. Sajo Seafood is related to or competes with KB Financial, Shinhan Financial, Hana Financial, Woori Financial, Samsung Electronics, Samsung Electronics, and Industrial Bank. More
Sajo 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 Sajo 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 Sajo Seafood upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 26.89 | |||
| Value At Risk | (6.18) | |||
| Potential Upside | 5.51 |
Sajo Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sajo Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sajo Seafood's standard deviation. In reality, there are many statistical measures that can use Sajo Seafood historical prices to predict the future Sajo Seafood's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.74) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 0.5244 |
Sajo Seafood Backtested Returns
Sajo Seafood owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of risk over the last 3 months. Sajo Seafood exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sajo Seafood's Risk Adjusted Performance of (0.15), coefficient of variation of (509.00), and Variance of 13.77 to confirm the risk estimate we provide. The entity has a beta of -1.41, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sajo Seafood are expected to decrease by larger amounts. On the other hand, during market turmoil, Sajo Seafood is expected to outperform it. At this point, Sajo Seafood has a negative expected return of -0.76%. Please make sure to validate Sajo Seafood's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Sajo Seafood performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Sajo Seafood has good reverse predictability. Overlapping area represents the amount of predictability between Sajo Seafood time series from 10th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 3rd of January 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 Sajo Seafood price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Sajo Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
Sajo Seafood lagged returns against current returns
Autocorrelation, which is Sajo 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 Sajo Seafood's stock expected returns. We can calculate the autocorrelation of Sajo Seafood returns to help us make a trade decision. For example, suppose you find that Sajo 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 |
Sajo 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 Sajo Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sajo Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sajo Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
Sajo Seafood Lagged Returns
When evaluating Sajo Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sajo Seafood stock have on its future price. Sajo 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, Sajo Seafood autocorrelation shows the relationship between Sajo Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in Sajo Seafood.
Regressed Prices |
| Timeline |
Pair Trading with Sajo 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 Sajo 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 Sajo Seafood will appreciate offsetting losses from the drop in the long position's value.Moving together with Sajo Stock
Moving against Sajo Stock
The ability to find closely correlated positions to Sajo 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 Sajo 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 Sajo 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 Sajo Seafood to buy it.
The correlation of Sajo 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 Sajo Seafood moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sajo Seafood 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 Sajo 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 Sajo Stock
Sajo Seafood financial ratios help investors to determine whether Sajo 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 Sajo with respect to the benefits of owning Sajo Seafood security.