Vissem Electronics (Korea) Market Value
| 072950 Stock | KRW 3,475 200.00 6.11% |
| Symbol | Vissem |
Vissem 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 Vissem 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 Vissem Electronics.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Vissem Electronics on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Vissem Electronics Co or generate 0.0% return on investment in Vissem Electronics over 30 days. Vissem Electronics is related to or competes with Cube Entertainment, Dreamus, LG Energy, Dongwon System, Lotte Non-Life, Namhwa Industrial, and Hyundai Heavy. Vissem Electronics Co., Ltd. manufactures and sells LED display systems and related components in South Korea and internationally. More
Vissem 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 Vissem 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 Vissem Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 8.41 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 2.36 |
Vissem Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vissem Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vissem Electronics' standard deviation. In reality, there are many statistical measures that can use Vissem Electronics historical prices to predict the future Vissem Electronics' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (5.92) |
Vissem Electronics Backtested Returns
Vissem Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Vissem Electronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vissem Electronics' Risk Adjusted Performance of (0.11), coefficient of variation of (608.35), and Variance of 4.0 to confirm the risk estimate we provide. The entity has a beta of 0.0572, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vissem Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vissem Electronics is expected to be smaller as well. At this point, Vissem Electronics has a negative expected return of -0.24%. Please make sure to validate Vissem Electronics' jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Vissem Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Vissem Electronics Co has modest predictability. Overlapping area represents the amount of predictability between Vissem Electronics time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Vissem Electronics price movement. The serial correlation of 0.52 indicates that about 52.0% of current Vissem Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 31.4 K |
Vissem Electronics lagged returns against current returns
Autocorrelation, which is Vissem 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 Vissem Electronics' stock expected returns. We can calculate the autocorrelation of Vissem Electronics returns to help us make a trade decision. For example, suppose you find that Vissem 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 |
Vissem 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 Vissem Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vissem Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vissem Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Vissem Electronics Lagged Returns
When evaluating Vissem Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vissem Electronics stock have on its future price. Vissem 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, Vissem Electronics autocorrelation shows the relationship between Vissem Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Vissem Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Vissem 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 Vissem 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 Vissem Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Vissem Stock
| 0.74 | 005930 | Samsung Electronics | PairCorr |
| 0.73 | 005935 | Samsung Electronics | PairCorr |
| 0.78 | 005380 | Hyundai Motor | PairCorr |
Moving against Vissem Stock
The ability to find closely correlated positions to Vissem 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 Vissem 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 Vissem 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 Vissem Electronics Co to buy it.
The correlation of Vissem 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 Vissem Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vissem Electronics 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 Vissem 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 Vissem Stock
Vissem Electronics financial ratios help investors to determine whether Vissem 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 Vissem with respect to the benefits of owning Vissem Electronics security.