Samji Electronics (Korea) Market Value
| 037460 Stock | KRW 8,520 30.00 0.35% |
| Symbol | Samji |
Samji Electronics '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 Samji Electronics' 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 Samji Electronics.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Samji Electronics on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Samji Electronics Co or generate 0.0% return on investment in Samji Electronics over 30 days. Samji Electronics is related to or competes with SFA Semicon, Seronics, COWELL FASHION, Seohee Construction, and Simmtech Holdings. Samji Electronics Co., Ltd. provides communication and network equipment, system engineering energy solutions, and lotte... More
Samji Electronics 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 Samji Electronics' 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 Samji Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.98 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.41 |
Samji Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samji Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samji Electronics' standard deviation. In reality, there are many statistical measures that can use Samji Electronics historical prices to predict the future Samji Electronics' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.4142 |
Samji Electronics Backtested Returns
Samji Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0422, which indicates the firm had a -0.0422% return per unit of risk over the last 3 months. Samji Electronics Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Samji Electronics' Coefficient Of Variation of (2,528), variance of 0.9089, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Samji Electronics are expected to decrease at a much lower rate. During the bear market, Samji Electronics is likely to outperform the market. At this point, Samji Electronics has a negative expected return of -0.0412%. Please make sure to validate Samji Electronics' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Samji Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Samji Electronics Co has very good reverse predictability. Overlapping area represents the amount of predictability between Samji Electronics time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Samji Electronics price movement. The serial correlation of -0.68 indicates that around 68.0% of current Samji Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 5069.42 |
Samji Electronics lagged returns against current returns
Autocorrelation, which is Samji Electronics 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 Samji Electronics' stock expected returns. We can calculate the autocorrelation of Samji Electronics returns to help us make a trade decision. For example, suppose you find that Samji Electronics 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 |
Samji Electronics 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 Samji Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samji Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samji Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Samji Electronics Lagged Returns
When evaluating Samji Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samji Electronics stock have on its future price. Samji Electronics 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, Samji Electronics autocorrelation shows the relationship between Samji Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Samji Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Samji Electronics
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 Samji Electronics 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 Samji Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Samji Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samji Electronics 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 Samji Electronics - 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 Samji Electronics Co to buy it.
The correlation of Samji Electronics 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 Samji Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samji Electronics 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 Samji Electronics 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 Samji Stock
Samji Electronics financial ratios help investors to determine whether Samji 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 Samji with respect to the benefits of owning Samji Electronics security.