Sejong Industrial (Korea) Market Value
| 033530 Stock | 4,215 25.00 0.60% |
| Symbol | Sejong |
Sejong Industrial '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 Sejong Industrial'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 Sejong Industrial.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sejong Industrial on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sejong Industrial or generate 0.0% return on investment in Sejong Industrial over 30 days. Sejong Industrial is related to or competes with Busan Industrial, UNISEM, Finebesteel, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. More
Sejong Industrial 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 Sejong Industrial'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 Sejong Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 12.3 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.12 |
Sejong Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sejong Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sejong Industrial's standard deviation. In reality, there are many statistical measures that can use Sejong Industrial historical prices to predict the future Sejong Industrial's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 4.97 |
Sejong Industrial Backtested Returns
Sejong Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Sejong Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sejong Industrial's Coefficient Of Variation of (1,081), risk adjusted performance of (0.06), and Variance of 3.76 to confirm the risk estimate we provide. The entity has a beta of -0.0381, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sejong Industrial are expected to decrease at a much lower rate. During the bear market, Sejong Industrial is likely to outperform the market. At this point, Sejong Industrial has a negative expected return of -0.3%. Please make sure to validate Sejong Industrial's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sejong Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Sejong Industrial has weak reverse predictability. Overlapping area represents the amount of predictability between Sejong Industrial 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 Sejong Industrial price movement. The serial correlation of -0.21 indicates that over 21.0% of current Sejong Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 21.9 K |
Sejong Industrial lagged returns against current returns
Autocorrelation, which is Sejong Industrial 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 Sejong Industrial's stock expected returns. We can calculate the autocorrelation of Sejong Industrial returns to help us make a trade decision. For example, suppose you find that Sejong Industrial 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 |
Sejong Industrial 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 Sejong Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sejong Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sejong Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Sejong Industrial Lagged Returns
When evaluating Sejong Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sejong Industrial stock have on its future price. Sejong Industrial 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, Sejong Industrial autocorrelation shows the relationship between Sejong Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Sejong Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Sejong Industrial
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 Sejong Industrial 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 Sejong Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Sejong Stock
Moving against Sejong Stock
The ability to find closely correlated positions to Sejong Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sejong Industrial 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 Sejong Industrial - 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 Sejong Industrial to buy it.
The correlation of Sejong Industrial 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 Sejong Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sejong 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 Sejong Industrial 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 Sejong Stock
Sejong Industrial financial ratios help investors to determine whether Sejong 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 Sejong with respect to the benefits of owning Sejong Industrial security.