Jeju Beer (Korea) Market Value
| 276730 Stock | 2,180 5.00 0.23% |
| Symbol | Jeju |
Jeju Beer '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 Jeju Beer'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 Jeju Beer.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Jeju Beer on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Jeju Beer Co or generate 0.0% return on investment in Jeju Beer over 90 days. Jeju Beer is related to or competes with Hanwha Life, SEOJEON ELECTRIC, Hwacheon Machinery, Lotte Non, and Hyundai Engineering. More
Jeju Beer 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 Jeju Beer'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 Jeju Beer Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 16.85 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 5.77 |
Jeju Beer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jeju Beer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jeju Beer's standard deviation. In reality, there are many statistical measures that can use Jeju Beer historical prices to predict the future Jeju Beer's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.93) |
Jeju Beer Backtested Returns
Jeju Beer holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14 % return per unit of risk over the last 3 months. Jeju Beer exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jeju Beer's Standard Deviation of 3.55, risk adjusted performance of (0.10), and Market Risk Adjusted Performance of (0.92) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jeju Beer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jeju Beer is expected to be smaller as well. At this point, Jeju Beer has a negative expected return of -0.43%. Please make sure to check out Jeju Beer's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Jeju Beer performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Jeju Beer Co has insignificant predictability. Overlapping area represents the amount of predictability between Jeju Beer time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 Jeju Beer price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Jeju Beer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 30.9 K |
Jeju Beer lagged returns against current returns
Autocorrelation, which is Jeju Beer 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 Jeju Beer's stock expected returns. We can calculate the autocorrelation of Jeju Beer returns to help us make a trade decision. For example, suppose you find that Jeju Beer 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 |
Jeju Beer 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 Jeju Beer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jeju Beer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jeju Beer stock over time.
Current vs Lagged Prices |
| Timeline |
Jeju Beer Lagged Returns
When evaluating Jeju Beer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jeju Beer stock have on its future price. Jeju Beer 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, Jeju Beer autocorrelation shows the relationship between Jeju Beer stock current value and its past values and can show if there is a momentum factor associated with investing in Jeju Beer Co.
Regressed Prices |
| Timeline |
Pair Trading with Jeju Beer
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 Jeju Beer 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 Jeju Beer will appreciate offsetting losses from the drop in the long position's value.Moving against Jeju Stock
| 0.68 | 034940 | ChoA Pharmaceutical CoLtd | PairCorr |
| 0.64 | 353810 | Easy Bio | PairCorr |
| 0.62 | 018120 | Jinro Distillers | PairCorr |
| 0.58 | 228670 | Ray Co | PairCorr |
| 0.56 | 019770 | Seoyon Topmetal | PairCorr |
The ability to find closely correlated positions to Jeju Beer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jeju Beer 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 Jeju Beer - 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 Jeju Beer Co to buy it.
The correlation of Jeju Beer 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 Jeju Beer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jeju Beer 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 Jeju Beer 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 Jeju Stock
Jeju Beer financial ratios help investors to determine whether Jeju 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 Jeju with respect to the benefits of owning Jeju Beer security.