Asia Seed (Korea) Market Value
| 154030 Stock | KRW 2,005 50.00 2.43% |
| Symbol | Asia |
Asia Seed '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 Asia Seed'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 Asia Seed.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Asia Seed on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Seed CoLtd or generate 0.0% return on investment in Asia Seed over 30 days. Asia Seed is related to or competes with Maeil Dairies, HYUNDAI FEED, Neo Cremar, Dongwoo Farm, Wooyang, and . Asia Seed Co., Ltd. engages in the development and sale of seeds for vegetables and fruits in South Korea and internatio... More
Asia Seed 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 Asia Seed'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 Asia Seed CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.09 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 3.34 |
Asia Seed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Seed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Seed's standard deviation. In reality, there are many statistical measures that can use Asia Seed historical prices to predict the future Asia Seed's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 0.6027 |
Asia Seed CoLtd Backtested Returns
Asia Seed CoLtd secures Sharpe Ratio (or Efficiency) of -0.24, which signifies that the company had a -0.24% return per unit of risk over the last 3 months. Asia Seed CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Seed's Risk Adjusted Performance of (0.07), standard deviation of 2.22, and Mean Deviation of 1.6 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asia Seed are expected to decrease at a much lower rate. During the bear market, Asia Seed is likely to outperform the market. At this point, Asia Seed CoLtd has a negative expected return of -0.47%. Please make sure to confirm Asia Seed's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Asia Seed CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Asia Seed CoLtd has below average predictability. Overlapping area represents the amount of predictability between Asia Seed time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Asia Seed CoLtd price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Asia Seed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 2908.22 |
Asia Seed CoLtd lagged returns against current returns
Autocorrelation, which is Asia Seed 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 Asia Seed's stock expected returns. We can calculate the autocorrelation of Asia Seed returns to help us make a trade decision. For example, suppose you find that Asia Seed 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 |
Asia Seed 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 Asia Seed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Seed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Seed stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Seed Lagged Returns
When evaluating Asia Seed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Seed stock have on its future price. Asia Seed 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, Asia Seed autocorrelation shows the relationship between Asia Seed stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Seed CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Asia Seed
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 Asia Seed 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 Asia Seed will appreciate offsetting losses from the drop in the long position's value.Moving together with Asia Stock
Moving against Asia Stock
The ability to find closely correlated positions to Asia Seed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Seed 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 Asia Seed - 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 Asia Seed CoLtd to buy it.
The correlation of Asia Seed 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 Asia Seed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Seed CoLtd 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 Asia Seed 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 Asia Stock
Asia Seed financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Seed security.