SeAH Bestee (Korea) Market Value
| 001430 Stock | 21,150 850.00 3.86% |
| Symbol | SeAH |
SeAH Bestee '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 SeAH Bestee'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 SeAH Bestee.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in SeAH Bestee on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding SeAH Bestee or generate 0.0% return on investment in SeAH Bestee over 390 days. SeAH Bestee is related to or competes with LG Chemicals, POSCO Holdings, Lotte Chemical, Hyundai Steel, Dongkuk Steel, Korea Petro, and Seah Steel. More
SeAH Bestee 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 SeAH Bestee'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 SeAH Bestee upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.0653 | |||
| Maximum Drawdown | 26.98 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 4.35 |
SeAH Bestee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SeAH Bestee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SeAH Bestee's standard deviation. In reality, there are many statistical measures that can use SeAH Bestee historical prices to predict the future SeAH Bestee's volatility.| Risk Adjusted Performance | 0.0817 | |||
| Jensen Alpha | 0.3197 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0964 | |||
| Treynor Ratio | 6.2 |
SeAH Bestee Backtested Returns
At this point, SeAH Bestee is very steady. SeAH Bestee retains Efficiency (Sharpe Ratio) of 0.0403, which indicates the firm had a 0.0403% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SeAH Bestee, which you can use to evaluate the volatility of the company. Please validate SeAH Bestee's risk adjusted performance of 0.0817, and Downside Deviation of 2.34 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. SeAH Bestee has a performance score of 3 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.0524, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SeAH Bestee's returns are expected to increase less than the market. However, during the bear market, the loss of holding SeAH Bestee is expected to be smaller as well. SeAH Bestee presently owns a risk of 3.66%. Please validate SeAH Bestee semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if SeAH Bestee will be following its current price history.
Auto-correlation | -0.02 |
Very weak reverse predictability
SeAH Bestee has very weak reverse predictability. Overlapping area represents the amount of predictability between SeAH Bestee time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd of November 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 SeAH Bestee price movement. The serial correlation of -0.02 indicates that only 2.0% of current SeAH Bestee price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 2.6 M |
SeAH Bestee lagged returns against current returns
Autocorrelation, which is SeAH Bestee 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 SeAH Bestee's stock expected returns. We can calculate the autocorrelation of SeAH Bestee returns to help us make a trade decision. For example, suppose you find that SeAH Bestee 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 |
SeAH Bestee 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 SeAH Bestee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SeAH Bestee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SeAH Bestee stock over time.
Current vs Lagged Prices |
| Timeline |
SeAH Bestee Lagged Returns
When evaluating SeAH Bestee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SeAH Bestee stock have on its future price. SeAH Bestee 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, SeAH Bestee autocorrelation shows the relationship between SeAH Bestee stock current value and its past values and can show if there is a momentum factor associated with investing in SeAH Bestee.
Regressed Prices |
| Timeline |
Pair Trading with SeAH Bestee
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 SeAH Bestee 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 SeAH Bestee will appreciate offsetting losses from the drop in the long position's value.Moving against SeAH Stock
| 0.7 | 009830 | Hanwha Solutions | PairCorr |
| 0.58 | 005930 | Samsung Electronics | PairCorr |
| 0.56 | 005935 | Samsung Electronics | PairCorr |
| 0.53 | 004020 | Hyundai Steel | PairCorr |
| 0.53 | 001230 | Dongkuk Steel Mill | PairCorr |
The ability to find closely correlated positions to SeAH Bestee could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SeAH Bestee 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 SeAH Bestee - 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 SeAH Bestee to buy it.
The correlation of SeAH Bestee 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 SeAH Bestee moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SeAH Bestee 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 SeAH Bestee 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 SeAH Stock
SeAH Bestee financial ratios help investors to determine whether SeAH 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 SeAH with respect to the benefits of owning SeAH Bestee security.