SEOJEON ELECTRIC (Korea) Market Value
| 189860 Stock | KRW 4,470 100.00 2.19% |
| Symbol | SEOJEON |
SEOJEON ELECTRIC '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 SEOJEON ELECTRIC'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 SEOJEON ELECTRIC.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in SEOJEON ELECTRIC on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding SEOJEON ELECTRIC MACHINERY or generate 0.0% return on investment in SEOJEON ELECTRIC over 30 days. SEOJEON ELECTRIC is related to or competes with Korea New, ICD, DYPNF CoLtd, Busan Industrial, Finebesteel, Shinhan Inverse, and Hyundai Heavy. More
SEOJEON ELECTRIC 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 SEOJEON ELECTRIC'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 SEOJEON ELECTRIC MACHINERY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.18 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 9.24 |
SEOJEON ELECTRIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SEOJEON ELECTRIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SEOJEON ELECTRIC's standard deviation. In reality, there are many statistical measures that can use SEOJEON ELECTRIC historical prices to predict the future SEOJEON ELECTRIC's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.38) |
SEOJEON ELECTRIC MAC Backtested Returns
SEOJEON ELECTRIC MAC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0099, which indicates the firm had a -0.0099% return per unit of standard deviation over the last 3 months. SEOJEON ELECTRIC MACHINERY exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SEOJEON ELECTRIC's risk adjusted performance of (0.01), and Variance of 14.01 to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SEOJEON ELECTRIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding SEOJEON ELECTRIC is expected to be smaller as well. At this point, SEOJEON ELECTRIC MAC has a negative expected return of -0.038%. Please make sure to validate SEOJEON ELECTRIC's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if SEOJEON ELECTRIC MAC performance from the past will be repeated at future time.
Auto-correlation | 0.61 |
Good predictability
SEOJEON ELECTRIC MACHINERY has good predictability. Overlapping area represents the amount of predictability between SEOJEON ELECTRIC time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 SEOJEON ELECTRIC MAC price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current SEOJEON ELECTRIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 10.9 K |
SEOJEON ELECTRIC MAC lagged returns against current returns
Autocorrelation, which is SEOJEON ELECTRIC 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 SEOJEON ELECTRIC's stock expected returns. We can calculate the autocorrelation of SEOJEON ELECTRIC returns to help us make a trade decision. For example, suppose you find that SEOJEON ELECTRIC 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 |
SEOJEON ELECTRIC 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 SEOJEON ELECTRIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SEOJEON ELECTRIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SEOJEON ELECTRIC stock over time.
Current vs Lagged Prices |
| Timeline |
SEOJEON ELECTRIC Lagged Returns
When evaluating SEOJEON ELECTRIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SEOJEON ELECTRIC stock have on its future price. SEOJEON ELECTRIC 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, SEOJEON ELECTRIC autocorrelation shows the relationship between SEOJEON ELECTRIC stock current value and its past values and can show if there is a momentum factor associated with investing in SEOJEON ELECTRIC MACHINERY.
Regressed Prices |
| Timeline |
Pair Trading with SEOJEON ELECTRIC
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 SEOJEON ELECTRIC 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 SEOJEON ELECTRIC will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SEOJEON ELECTRIC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SEOJEON ELECTRIC 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 SEOJEON ELECTRIC - 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 SEOJEON ELECTRIC MACHINERY to buy it.
The correlation of SEOJEON ELECTRIC 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 SEOJEON ELECTRIC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SEOJEON ELECTRIC MAC 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 SEOJEON ELECTRIC 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 SEOJEON Stock
SEOJEON ELECTRIC financial ratios help investors to determine whether SEOJEON 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 SEOJEON with respect to the benefits of owning SEOJEON ELECTRIC security.