Seoul Food (Korea) Market Value
| 004410 Stock | 155.00 1.00 0.64% |
| Symbol | Seoul |
Seoul Food '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 Seoul Food'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 Seoul Food.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Seoul Food on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Seoul Food Industrial or generate 0.0% return on investment in Seoul Food over 360 days. Seoul Food is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Seoul Food 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 Seoul Food'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 Seoul Food Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.7 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.35 |
Seoul Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seoul Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seoul Food's standard deviation. In reality, there are many statistical measures that can use Seoul Food historical prices to predict the future Seoul Food's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (13.28) |
Seoul Food Industrial Backtested Returns
Seoul Food Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Seoul Food Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seoul Food's Risk Adjusted Performance of (0.09), variance of 1.12, and Coefficient Of Variation of (843.33) to confirm the risk estimate we provide. The entity has a beta of 0.0102, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Seoul Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seoul Food is expected to be smaller as well. At this point, Seoul Food Industrial has a negative expected return of -0.12%. Please make sure to validate Seoul Food's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Seoul Food Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Seoul Food Industrial has good predictability. Overlapping area represents the amount of predictability between Seoul Food time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Seoul Food Industrial price movement. The serial correlation of 0.77 indicates that around 77.0% of current Seoul Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 126.77 |
Seoul Food Industrial lagged returns against current returns
Autocorrelation, which is Seoul Food 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 Seoul Food's stock expected returns. We can calculate the autocorrelation of Seoul Food returns to help us make a trade decision. For example, suppose you find that Seoul Food 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 |
Seoul Food 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 Seoul Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seoul Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seoul Food stock over time.
Current vs Lagged Prices |
| Timeline |
Seoul Food Lagged Returns
When evaluating Seoul Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seoul Food stock have on its future price. Seoul Food 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, Seoul Food autocorrelation shows the relationship between Seoul Food stock current value and its past values and can show if there is a momentum factor associated with investing in Seoul Food Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Seoul Food
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 Seoul Food 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 Seoul Food will appreciate offsetting losses from the drop in the long position's value.Moving together with Seoul Stock
| 0.73 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.91 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.92 | 302430 | Innometry | PairCorr |
Moving against Seoul Stock
The ability to find closely correlated positions to Seoul Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seoul Food 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 Seoul Food - 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 Seoul Food Industrial to buy it.
The correlation of Seoul Food 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 Seoul Food moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seoul Food Industrial 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 Seoul Food 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 Seoul Stock
Seoul Food financial ratios help investors to determine whether Seoul 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 Seoul with respect to the benefits of owning Seoul Food security.