SillaJen (Korea) Market Value
| 215600 Stock | KRW 3,245 20.00 0.62% |
| Symbol | SillaJen |
SillaJen '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 SillaJen'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 SillaJen.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in SillaJen on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding SillaJen or generate 0.0% return on investment in SillaJen over 720 days. SillaJen is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. SillaJen, Inc., a biotechnology company, develops and commercializes oncolytic immunotherapy products More
SillaJen 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 SillaJen'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 SillaJen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 5.29 |
SillaJen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SillaJen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SillaJen's standard deviation. In reality, there are many statistical measures that can use SillaJen historical prices to predict the future SillaJen's volatility.| Risk Adjusted Performance | 0.037 | |||
| Jensen Alpha | 0.052 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2636 |
SillaJen Backtested Returns
At this point, SillaJen is very steady. SillaJen owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0636, which indicates the firm had a 0.0636% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SillaJen, which you can use to evaluate the volatility of the company. Please validate SillaJen's Coefficient Of Variation of 2574.89, risk adjusted performance of 0.037, and Semi Deviation of 2.27 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. SillaJen has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SillaJen's returns are expected to increase less than the market. However, during the bear market, the loss of holding SillaJen is expected to be smaller as well. SillaJen right now has a risk of 2.92%. Please validate SillaJen coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if SillaJen will be following its existing price patterns.
Auto-correlation | 0.83 |
Very good predictability
SillaJen has very good predictability. Overlapping area represents the amount of predictability between SillaJen time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 SillaJen price movement. The serial correlation of 0.83 indicates that around 83.0% of current SillaJen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 995.2 K |
SillaJen lagged returns against current returns
Autocorrelation, which is SillaJen 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 SillaJen's stock expected returns. We can calculate the autocorrelation of SillaJen returns to help us make a trade decision. For example, suppose you find that SillaJen 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 |
SillaJen 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 SillaJen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SillaJen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SillaJen stock over time.
Current vs Lagged Prices |
| Timeline |
SillaJen Lagged Returns
When evaluating SillaJen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SillaJen stock have on its future price. SillaJen 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, SillaJen autocorrelation shows the relationship between SillaJen stock current value and its past values and can show if there is a momentum factor associated with investing in SillaJen.
Regressed Prices |
| Timeline |
Pair Trading with SillaJen
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 SillaJen 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 SillaJen will appreciate offsetting losses from the drop in the long position's value.Moving against SillaJen Stock
The ability to find closely correlated positions to SillaJen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SillaJen 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 SillaJen - 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 SillaJen to buy it.
The correlation of SillaJen 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 SillaJen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SillaJen 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 SillaJen 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 SillaJen Stock
SillaJen financial ratios help investors to determine whether SillaJen 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 SillaJen with respect to the benefits of owning SillaJen security.