Jeong Moon (Korea) Market Value
| 033050 Stock | KRW 907.00 1.00 0.11% |
| Symbol | Jeong |
Jeong Moon '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 Jeong Moon'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 Jeong Moon.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Jeong Moon on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Jeong Moon Information or generate 0.0% return on investment in Jeong Moon over 30 days. Jeong Moon is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Co., Ltd produces and distributes LED lighting products for indoor and outdoor lighting, and ceiling lighting in South K... More
Jeong Moon 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 Jeong Moon'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 Jeong Moon Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.24 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.06 |
Jeong Moon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jeong Moon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jeong Moon's standard deviation. In reality, there are many statistical measures that can use Jeong Moon historical prices to predict the future Jeong Moon's volatility.| Risk Adjusted Performance | 0.0064 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.13) |
Jeong Moon Information Backtested Returns
At this point, Jeong Moon is very steady. Jeong Moon Information holds Efficiency (Sharpe) Ratio of 0.0093, which attests that the entity had a 0.0093% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jeong Moon Information, which you can use to evaluate the volatility of the firm. Please check out Jeong Moon's Risk Adjusted Performance of 0.0064, market risk adjusted performance of (0.12), and Downside Deviation of 1.3 to validate if the risk estimate we provide is consistent with the expected return of 0.012%. The company retains a Market Volatility (i.e., Beta) of 0.0464, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jeong Moon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jeong Moon is expected to be smaller as well. Jeong Moon Information right now retains a risk of 1.29%. Please check out Jeong Moon downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Jeong Moon will be following its current trending patterns.
Auto-correlation | 0.27 |
Poor predictability
Jeong Moon Information has poor predictability. Overlapping area represents the amount of predictability between Jeong Moon 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 Jeong Moon Information price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Jeong Moon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 232.02 |
Jeong Moon Information lagged returns against current returns
Autocorrelation, which is Jeong Moon 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 Jeong Moon's stock expected returns. We can calculate the autocorrelation of Jeong Moon returns to help us make a trade decision. For example, suppose you find that Jeong Moon 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 |
Jeong Moon 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 Jeong Moon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jeong Moon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jeong Moon stock over time.
Current vs Lagged Prices |
| Timeline |
Jeong Moon Lagged Returns
When evaluating Jeong Moon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jeong Moon stock have on its future price. Jeong Moon 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, Jeong Moon autocorrelation shows the relationship between Jeong Moon stock current value and its past values and can show if there is a momentum factor associated with investing in Jeong Moon Information.
Regressed Prices |
| Timeline |
Pair Trading with Jeong Moon
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 Jeong Moon 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 Jeong Moon will appreciate offsetting losses from the drop in the long position's value.Moving together with Jeong Stock
The ability to find closely correlated positions to Jeong Moon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jeong Moon 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 Jeong Moon - 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 Jeong Moon Information to buy it.
The correlation of Jeong Moon 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 Jeong Moon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jeong Moon Information 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 Jeong Moon 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 Jeong Stock
Jeong Moon financial ratios help investors to determine whether Jeong 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 Jeong with respect to the benefits of owning Jeong Moon security.