Jayjun (Korea) Market Value
| 025620 Stock | 4,425 15.00 0.34% |
| Symbol | Jayjun |
Jayjun '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 Jayjun'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 Jayjun.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Jayjun on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Jayjun Co or generate 0.0% return on investment in Jayjun over 540 days. Jayjun is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. More
Jayjun 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 Jayjun'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 Jayjun Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 11.39 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 4.7 |
Jayjun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jayjun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jayjun's standard deviation. In reality, there are many statistical measures that can use Jayjun historical prices to predict the future Jayjun's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (3.84) |
Jayjun Backtested Returns
Jayjun holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Jayjun exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jayjun's Risk Adjusted Performance of (0.10), market risk adjusted performance of (3.83), and Standard Deviation of 2.21 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0849, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jayjun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jayjun is expected to be smaller as well. At this point, Jayjun has a negative expected return of -0.31%. Please make sure to check out Jayjun's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Jayjun performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Jayjun Co has good predictability. Overlapping area represents the amount of predictability between Jayjun time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Jayjun price movement. The serial correlation of 0.76 indicates that around 76.0% of current Jayjun price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
Jayjun lagged returns against current returns
Autocorrelation, which is Jayjun 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 Jayjun's stock expected returns. We can calculate the autocorrelation of Jayjun returns to help us make a trade decision. For example, suppose you find that Jayjun 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 |
Jayjun 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 Jayjun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jayjun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jayjun stock over time.
Current vs Lagged Prices |
| Timeline |
Jayjun Lagged Returns
When evaluating Jayjun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jayjun stock have on its future price. Jayjun 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, Jayjun autocorrelation shows the relationship between Jayjun stock current value and its past values and can show if there is a momentum factor associated with investing in Jayjun Co.
Regressed Prices |
| Timeline |
Pair Trading with Jayjun
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 Jayjun 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 Jayjun will appreciate offsetting losses from the drop in the long position's value.Moving together with Jayjun Stock
Moving against Jayjun Stock
The ability to find closely correlated positions to Jayjun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jayjun 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 Jayjun - 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 Jayjun Co to buy it.
The correlation of Jayjun 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 Jayjun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jayjun 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 Jayjun 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 Jayjun Stock
Jayjun financial ratios help investors to determine whether Jayjun 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 Jayjun with respect to the benefits of owning Jayjun security.