SeAH Besteel (Korea) Market Value
| 001430 Stock | 20,150 770.00 3.97% |
| Symbol | SeAH |
SeAH Besteel '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 Besteel'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 Besteel.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in SeAH Besteel on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding SeAH Besteel Corp or generate 0.0% return on investment in SeAH Besteel over 30 days. SeAH Besteel is related to or competes with KB Financial, Shinhan Financial, Hana Financial, Woori Financial, Samsung Electronics, Samsung Electronics, and Industrial Bank. More
SeAH Besteel 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 Besteel'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 Besteel Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 28.37 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 5.02 |
SeAH Besteel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SeAH Besteel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SeAH Besteel's standard deviation. In reality, there are many statistical measures that can use SeAH Besteel historical prices to predict the future SeAH Besteel's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.0193 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0156 | |||
| Treynor Ratio | 0.0361 |
SeAH Besteel Corp Backtested Returns
At this point, SeAH Besteel is very steady. SeAH Besteel Corp retains Efficiency (Sharpe Ratio) of 0.03, which indicates the firm had a 0.03 % return per unit of risk over the last 3 months. We have found thirty technical indicators for SeAH Besteel, which you can use to evaluate the volatility of the company. Please validate SeAH Besteel's downside deviation of 2.53, and Risk Adjusted Performance of 0.0248 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. SeAH Besteel has a performance score of 2 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 1.8, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SeAH Besteel will likely underperform. SeAH Besteel Corp presently owns a risk of 3.85%. Please validate SeAH Besteel Corp market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if SeAH Besteel Corp will be following its current price history.
Auto-correlation | 0.37 |
Below average predictability
SeAH Besteel Corp has below average predictability. Overlapping area represents the amount of predictability between SeAH Besteel time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 SeAH Besteel Corp price movement. The serial correlation of 0.37 indicates that just about 37.0% of current SeAH Besteel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 36.1 K |
SeAH Besteel Corp lagged returns against current returns
Autocorrelation, which is SeAH Besteel 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 Besteel's stock expected returns. We can calculate the autocorrelation of SeAH Besteel returns to help us make a trade decision. For example, suppose you find that SeAH Besteel 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 Besteel 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 Besteel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SeAH Besteel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SeAH Besteel stock over time.
Current vs Lagged Prices |
| Timeline |
SeAH Besteel Lagged Returns
When evaluating SeAH Besteel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SeAH Besteel stock have on its future price. SeAH Besteel 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 Besteel autocorrelation shows the relationship between SeAH Besteel stock current value and its past values and can show if there is a momentum factor associated with investing in SeAH Besteel Corp.
Regressed Prices |
| Timeline |
Pair Trading with SeAH Besteel
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 Besteel 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 Besteel will appreciate offsetting losses from the drop in the long position's value.Moving against SeAH Stock
The ability to find closely correlated positions to SeAH Besteel 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 Besteel 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 Besteel - 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 Besteel Corp to buy it.
The correlation of SeAH Besteel 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 Besteel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SeAH Besteel Corp 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 Besteel 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 Besteel 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 Besteel security.