TJ Media (Korea) Market Value
| 032540 Stock | KRW 4,695 10.00 0.21% |
| Symbol | 032540 |
TJ Media '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 TJ Media'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 TJ Media.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in TJ Media on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding TJ media Co or generate 0.0% return on investment in TJ Media over 90 days. TJ Media is related to or competes with Jinro Distillers, Korea Alcohol, KT Submarine, ECSTELECOM, Alton Sports, Lotte Data, and BGF Retail. TJ media Co., Ltd. engages in the manufacture and sale of karaoke systems and production and distribution of song contents in South Korea, Vietnam, Thailand, Japan, and the Philippines. More
TJ Media 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 TJ Media'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 TJ media Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8511 | |||
| Information Ratio | 0.214 | |||
| Maximum Drawdown | 5.81 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 3.34 |
TJ Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TJ Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TJ Media's standard deviation. In reality, there are many statistical measures that can use TJ Media historical prices to predict the future TJ Media's volatility.| Risk Adjusted Performance | 0.1127 | |||
| Jensen Alpha | 0.1424 | |||
| Total Risk Alpha | 0.2761 | |||
| Sortino Ratio | 0.2855 | |||
| Treynor Ratio | 1.73 |
TJ media Backtested Returns
At this point, TJ Media is very steady. TJ media retains Efficiency (Sharpe Ratio) of 0.0384, which indicates the firm had a 0.0384 % return per unit of price deviation over the last 3 months. We have found thirty technical indicators for TJ Media, which you can use to evaluate the volatility of the company. Please validate TJ Media's Downside Deviation of 0.8511, mean deviation of 0.755, and Risk Adjusted Performance of 0.1127 to confirm if the risk estimate we provide is consistent with the expected return of 0.0366%. TJ Media has a performance score of 3 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.0774, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TJ Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding TJ Media is expected to be smaller as well. TJ media today owns a risk of 0.95%. Please validate TJ media Co market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if TJ media Co will be following its current price history.
Auto-correlation | -0.53 |
Good reverse predictability
TJ media Co has good reverse predictability. Overlapping area represents the amount of predictability between TJ Media time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 TJ media price movement. The serial correlation of -0.53 indicates that about 53.0% of current TJ Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1259.12 |
TJ media lagged returns against current returns
Autocorrelation, which is TJ Media 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 TJ Media's stock expected returns. We can calculate the autocorrelation of TJ Media returns to help us make a trade decision. For example, suppose you find that TJ Media 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 |
TJ Media 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 TJ Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TJ Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TJ Media stock over time.
Current vs Lagged Prices |
| Timeline |
TJ Media Lagged Returns
When evaluating TJ Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TJ Media stock have on its future price. TJ Media 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, TJ Media autocorrelation shows the relationship between TJ Media stock current value and its past values and can show if there is a momentum factor associated with investing in TJ media Co.
Regressed Prices |
| Timeline |
Pair Trading with TJ Media
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 TJ Media 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 TJ Media will appreciate offsetting losses from the drop in the long position's value.Moving together with 032540 Stock
Moving against 032540 Stock
The ability to find closely correlated positions to TJ Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TJ Media 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 TJ Media - 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 TJ media Co to buy it.
The correlation of TJ Media 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 TJ Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TJ media 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 TJ Media 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 032540 Stock
TJ Media financial ratios help investors to determine whether 032540 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 032540 with respect to the benefits of owning TJ Media security.