SEOHAN Const (Korea) Market Value
| 011370 Stock | KRW 790.00 4.00 0.50% |
| Symbol | SEOHAN |
SEOHAN Const '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 SEOHAN Const'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 SEOHAN Const.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in SEOHAN Const on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding SEOHAN Const EngcoLtd or generate 0.0% return on investment in SEOHAN Const over 30 days. SEOHAN Const is related to or competes with Hanyang ENG, Nam Hwa, KT Submarine, Yooshin Engineering, and Sebo Manufacturing. Seohan Const. Eng. Co., Ltd. engages in architecture, civil engineering, electric, and SOC businesses. More
SEOHAN Const 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 SEOHAN Const'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 SEOHAN Const EngcoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.38 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.06 |
SEOHAN Const Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SEOHAN Const's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SEOHAN Const's standard deviation. In reality, there are many statistical measures that can use SEOHAN Const historical prices to predict the future SEOHAN Const's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.1291 |
SEOHAN Const EngcoLtd Backtested Returns
SEOHAN Const EngcoLtd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0914, which indicates the firm had a -0.0914% return per unit of standard deviation over the last 3 months. SEOHAN Const EngcoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SEOHAN Const's risk adjusted performance of (0.01), and Variance of 1.68 to confirm the risk estimate we provide. The entity has a beta of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SEOHAN Const are expected to decrease at a much lower rate. During the bear market, SEOHAN Const is likely to outperform the market. At this point, SEOHAN Const EngcoLtd has a negative expected return of -0.12%. Please make sure to validate SEOHAN Const's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if SEOHAN Const EngcoLtd performance from the past will be repeated at future time.
Auto-correlation | -0.17 |
Insignificant reverse predictability
SEOHAN Const EngcoLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between SEOHAN Const time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 SEOHAN Const EngcoLtd price movement. The serial correlation of -0.17 indicates that over 17.0% of current SEOHAN Const price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 123.79 |
SEOHAN Const EngcoLtd lagged returns against current returns
Autocorrelation, which is SEOHAN Const 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 SEOHAN Const's stock expected returns. We can calculate the autocorrelation of SEOHAN Const returns to help us make a trade decision. For example, suppose you find that SEOHAN Const 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 |
SEOHAN Const 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 SEOHAN Const stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SEOHAN Const stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SEOHAN Const stock over time.
Current vs Lagged Prices |
| Timeline |
SEOHAN Const Lagged Returns
When evaluating SEOHAN Const's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SEOHAN Const stock have on its future price. SEOHAN Const 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, SEOHAN Const autocorrelation shows the relationship between SEOHAN Const stock current value and its past values and can show if there is a momentum factor associated with investing in SEOHAN Const EngcoLtd.
Regressed Prices |
| Timeline |
Pair Trading with SEOHAN Const
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 SEOHAN Const 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 SEOHAN Const will appreciate offsetting losses from the drop in the long position's value.Moving together with SEOHAN Stock
Moving against SEOHAN Stock
The ability to find closely correlated positions to SEOHAN Const could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SEOHAN Const 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 SEOHAN Const - 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 SEOHAN Const EngcoLtd to buy it.
The correlation of SEOHAN Const 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 SEOHAN Const moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SEOHAN Const EngcoLtd 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 SEOHAN Const 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 SEOHAN Stock
SEOHAN Const financial ratios help investors to determine whether SEOHAN 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 SEOHAN with respect to the benefits of owning SEOHAN Const security.