Seoul Electronics (Korea) Market Value
| 027040 Stock | KRW 237.00 7.00 2.87% |
| Symbol | Seoul |
Seoul Electronics '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 Seoul Electronics' 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 Seoul Electronics.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Seoul Electronics on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Seoul Electronics Telecom or generate 0.0% return on investment in Seoul Electronics over 90 days. Seoul Electronics is related to or competes with DC Media, KB Financial, Barunson Entertainment, Tamul Multimedia, Asiana Airlines, Hana Financial, and Incar Financial. Seoul Electronics Telecom Co., Ltd. manufacture and distributes electric motors, generators, transformers and power parts, AC adaptors, switching transformers and coils, and battery chargers for the information communication industry in Korea and internationally. More
Seoul Electronics 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 Seoul Electronics' 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 Seoul Electronics Telecom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 7.37 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.2 |
Seoul Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seoul Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seoul Electronics' standard deviation. In reality, there are many statistical measures that can use Seoul Electronics historical prices to predict the future Seoul Electronics' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (8.32) |
Seoul Electronics Telecom Backtested Returns
Seoul Electronics Telecom owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of risk over the last 3 months. Seoul Electronics Telecom exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seoul Electronics' Variance of 2.1, coefficient of variation of (437.93), and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The entity has a beta of 0.041, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Seoul Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Seoul Electronics is expected to be smaller as well. At this point, Seoul Electronics Telecom has a negative expected return of -0.33%. Please make sure to validate Seoul Electronics' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Seoul Electronics Telecom performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Seoul Electronics Telecom has modest predictability. Overlapping area represents the amount of predictability between Seoul Electronics time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Seoul Electronics Telecom price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Seoul Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 61.53 |
Seoul Electronics Telecom lagged returns against current returns
Autocorrelation, which is Seoul Electronics 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 Seoul Electronics' stock expected returns. We can calculate the autocorrelation of Seoul Electronics returns to help us make a trade decision. For example, suppose you find that Seoul Electronics 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 |
Seoul Electronics 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 Seoul Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seoul Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seoul Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Seoul Electronics Lagged Returns
When evaluating Seoul Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seoul Electronics stock have on its future price. Seoul Electronics 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, Seoul Electronics autocorrelation shows the relationship between Seoul Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Seoul Electronics Telecom.
Regressed Prices |
| Timeline |
Pair Trading with Seoul Electronics
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 Seoul Electronics 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 Seoul Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Seoul Stock
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| 0.91 | 302430 | Innometry | PairCorr |
Moving against Seoul Stock
The ability to find closely correlated positions to Seoul Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seoul Electronics 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 Seoul Electronics - 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 Seoul Electronics Telecom to buy it.
The correlation of Seoul Electronics 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 Seoul Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seoul Electronics Telecom 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 Seoul Electronics 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 Seoul Stock
Seoul Electronics financial ratios help investors to determine whether Seoul 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 Seoul with respect to the benefits of owning Seoul Electronics security.