CJ ENM (Korea) Market Value
| 035760 Stock | KRW 60,700 500.00 0.83% |
| Symbol | 035760 |
CJ ENM '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 CJ ENM'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 CJ ENM.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in CJ ENM on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding CJ ENM or generate 0.0% return on investment in CJ ENM over 510 days. CJ ENM is related to or competes with SM Entertainment, and JYP Entertainment. CJ ENM CO., Ltd., together with its subsidiaries, engages in media content, film, music, convention, performing arts, an... More
CJ ENM 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 CJ ENM'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 CJ ENM upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 15.4 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 4.89 |
CJ ENM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CJ ENM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CJ ENM's standard deviation. In reality, there are many statistical measures that can use CJ ENM historical prices to predict the future CJ ENM's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 0.4947 |
CJ ENM Backtested Returns
CJ ENM retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the company had a -0.11% return per unit of price deviation over the last 3 months. CJ ENM exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CJ ENM's Market Risk Adjusted Performance of 0.5047, variance of 6.65, and Information Ratio of (0.16) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CJ ENM are expected to decrease at a much lower rate. During the bear market, CJ ENM is likely to outperform the market. At this point, CJ ENM has a negative expected return of -0.29%. Please make sure to confirm CJ ENM's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if CJ ENM performance from the past will be repeated sooner or later.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
CJ ENM has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CJ ENM time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 CJ ENM price movement. The serial correlation of -0.71 indicates that around 71.0% of current CJ ENM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 72.5 M |
CJ ENM lagged returns against current returns
Autocorrelation, which is CJ ENM 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 CJ ENM's stock expected returns. We can calculate the autocorrelation of CJ ENM returns to help us make a trade decision. For example, suppose you find that CJ ENM 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 |
CJ ENM 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 CJ ENM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CJ ENM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CJ ENM stock over time.
Current vs Lagged Prices |
| Timeline |
CJ ENM Lagged Returns
When evaluating CJ ENM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CJ ENM stock have on its future price. CJ ENM 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, CJ ENM autocorrelation shows the relationship between CJ ENM stock current value and its past values and can show if there is a momentum factor associated with investing in CJ ENM.
Regressed Prices |
| Timeline |
Other Information on Investing in 035760 Stock
CJ ENM financial ratios help investors to determine whether 035760 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 035760 with respect to the benefits of owning CJ ENM security.