Seah Steel (Korea) Market Value
| 003030 Stock | 174,800 2,800 1.63% |
| Symbol | Seah |
Seah Steel '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 Steel'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 Steel.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Seah Steel on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Seah Steel Corp or generate 0.0% return on investment in Seah Steel over 390 days. Seah Steel is related to or competes with Moonbae Steel, TK Chemical, LG Chemicals, Husteel, Shinhan Inverse, Ni Steel, and Dongnam Chemical. More
Seah Steel 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 Steel'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 Steel Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.4 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 4.71 |
Seah Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seah Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seah Steel's standard deviation. In reality, there are many statistical measures that can use Seah Steel historical prices to predict the future Seah Steel's volatility.| Risk Adjusted Performance | 0.0268 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0819 |
Seah Steel Corp Backtested Returns
At this point, Seah Steel is very steady. Seah Steel Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.049, which indicates the firm had a 0.049% return per unit of risk over the last 3 months. We have found thirty technical indicators for Seah Steel Corp, which you can use to evaluate the volatility of the company. Please validate Seah Steel's Semi Deviation of 2.8, risk adjusted performance of 0.0268, and Coefficient Of Variation of 3936.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Seah Steel has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Seah Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seah Steel is expected to be smaller as well. Seah Steel Corp right now has a risk of 2.92%. Please validate Seah Steel 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 Steel will be following its existing price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Seah Steel Corp has good reverse predictability. Overlapping area represents the amount of predictability between Seah Steel time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Steel Corp price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Seah Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 307.6 M |
Seah Steel Corp lagged returns against current returns
Autocorrelation, which is Seah Steel 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 Steel's stock expected returns. We can calculate the autocorrelation of Seah Steel returns to help us make a trade decision. For example, suppose you find that Seah Steel 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 Steel 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 Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seah Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seah Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Seah Steel Lagged Returns
When evaluating Seah Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seah Steel stock have on its future price. Seah Steel 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 Steel autocorrelation shows the relationship between Seah Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Seah Steel Corp.
Regressed Prices |
| Timeline |
Pair Trading with Seah Steel
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 Steel 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 Steel 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 Steel 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 Steel 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 Steel - 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 Steel Corp to buy it.
The correlation of Seah Steel 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 Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seah Steel 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 Steel 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 Steel 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 Steel security.