Shinsegae Information (Korea) Market Value
| 035510 Stock | 12,740 90.00 0.71% |
| Symbol | Shinsegae |
Shinsegae Information '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 Shinsegae Information'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 Shinsegae Information.
| 12/26/2023 |
| 02/18/2025 |
If you would invest 0.00 in Shinsegae Information on December 26, 2023 and sell it all today you would earn a total of 0.00 from holding Shinsegae Information Communication or generate 0.0% return on investment in Shinsegae Information over 420 days. Shinsegae Information is related to or competes with Insun Environment, Vitzro Tech, SS TECH, Narae Nanotech, Hyundai BNG, and MNtech. More
Shinsegae Information 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 Shinsegae Information'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 Shinsegae Information Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0998 | |||
| Maximum Drawdown | 38.43 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 9.05 |
Shinsegae Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinsegae Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinsegae Information's standard deviation. In reality, there are many statistical measures that can use Shinsegae Information historical prices to predict the future Shinsegae Information's volatility.| Risk Adjusted Performance | 0.0808 | |||
| Jensen Alpha | 0.5934 | |||
| Total Risk Alpha | 0.5833 | |||
| Sortino Ratio | 0.1997 | |||
| Treynor Ratio | (0.75) |
Shinsegae Information Backtested Returns
Shinsegae Information appears to be very steady, given 3 months investment horizon. Shinsegae Information owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13 % return per unit of risk over the last 3 months. By inspecting Shinsegae Information's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please review Shinsegae Information's Semi Deviation of 2.59, risk adjusted performance of 0.0808, and Coefficient Of Variation of 983.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shinsegae Information holds a performance score of 10. The entity has a beta of -0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shinsegae Information are expected to decrease at a much lower rate. During the bear market, Shinsegae Information is likely to outperform the market. Please check Shinsegae Information's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shinsegae Information's existing price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Shinsegae Information Communication has good reverse predictability. Overlapping area represents the amount of predictability between Shinsegae Information time series from 26th of December 2023 to 23rd of July 2024 and 23rd of July 2024 to 18th of February 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 Shinsegae Information price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Shinsegae Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 5.2 M |
Shinsegae Information lagged returns against current returns
Autocorrelation, which is Shinsegae Information 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 Shinsegae Information's stock expected returns. We can calculate the autocorrelation of Shinsegae Information returns to help us make a trade decision. For example, suppose you find that Shinsegae Information 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 |
Shinsegae Information 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 Shinsegae Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinsegae Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinsegae Information stock over time.
Current vs Lagged Prices |
| Timeline |
Shinsegae Information Lagged Returns
When evaluating Shinsegae Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinsegae Information stock have on its future price. Shinsegae Information 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, Shinsegae Information autocorrelation shows the relationship between Shinsegae Information stock current value and its past values and can show if there is a momentum factor associated with investing in Shinsegae Information Communication.
Regressed Prices |
| Timeline |
Pair Trading with Shinsegae Information
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 Shinsegae Information 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 Shinsegae Information will appreciate offsetting losses from the drop in the long position's value.Moving against Shinsegae Stock
The ability to find closely correlated positions to Shinsegae Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinsegae Information 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 Shinsegae Information - 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 Shinsegae Information Communication to buy it.
The correlation of Shinsegae Information 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 Shinsegae Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinsegae Information 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 Shinsegae Information 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 Shinsegae Stock
Shinsegae Information financial ratios help investors to determine whether Shinsegae 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 Shinsegae with respect to the benefits of owning Shinsegae Information security.