Jeju Bank (Korea) Market Value
| 006220 Stock | 8,120 60.00 0.73% |
| Symbol | Jeju |
Jeju Bank '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 Bank'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 Bank.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Jeju Bank on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Jeju Bank or generate 0.0% return on investment in Jeju Bank over 300 days. Jeju Bank is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Jeju Bank 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 Bank'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 Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.31 |
Jeju Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jeju Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jeju Bank's standard deviation. In reality, there are many statistical measures that can use Jeju Bank historical prices to predict the future Jeju Bank's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 2.46 |
Jeju Bank Backtested Returns
Jeju Bank holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Jeju Bank exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jeju Bank's Risk Adjusted Performance of (0.08), standard deviation of 1.67, and Market Risk Adjusted Performance of 2.47 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0833, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jeju Bank are expected to decrease at a much lower rate. During the bear market, Jeju Bank is likely to outperform the market. At this point, Jeju Bank has a negative expected return of -0.18%. Please make sure to check out Jeju Bank's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Jeju Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Jeju Bank has virtually no predictability. Overlapping area represents the amount of predictability between Jeju Bank time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Jeju Bank price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Jeju Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
Jeju Bank lagged returns against current returns
Autocorrelation, which is Jeju Bank 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 Bank's stock expected returns. We can calculate the autocorrelation of Jeju Bank returns to help us make a trade decision. For example, suppose you find that Jeju Bank 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 Bank 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 Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jeju Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jeju Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Jeju Bank Lagged Returns
When evaluating Jeju Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jeju Bank stock have on its future price. Jeju Bank 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 Bank autocorrelation shows the relationship between Jeju Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Jeju Bank.
Regressed Prices |
| Timeline |
Pair Trading with Jeju Bank
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 Bank 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 Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Jeju Stock
Moving against Jeju Stock
The ability to find closely correlated positions to Jeju Bank 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 Bank 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 Bank - 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 Bank to buy it.
The correlation of Jeju Bank 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 Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jeju Bank 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 Bank 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 Bank 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 Bank security.