JLS CoLtd (Korea) Market Value
| 040420 Stock | KRW 5,710 10.00 0.18% |
| Symbol | JLS |
JLS CoLtd '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 JLS CoLtd'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 JLS CoLtd.
| 06/01/2024 |
| 02/26/2025 |
If you would invest 0.00 in JLS CoLtd on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding JLS CoLtd or generate 0.0% return on investment in JLS CoLtd over 270 days. JLS CoLtd is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. JLS Co., Ltd. offer English education programs through offline private educational institutes in South Korea and internationally. More
JLS CoLtd 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 JLS CoLtd'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 JLS CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 0.9133 |
JLS CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JLS CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JLS CoLtd's standard deviation. In reality, there are many statistical measures that can use JLS CoLtd historical prices to predict the future JLS CoLtd's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.06 |
JLS CoLtd Backtested Returns
JLS CoLtd holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19 % return per unit of volatility over the last 3 months. JLS CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JLS CoLtd's risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 1.07 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0679, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JLS CoLtd are expected to decrease at a much lower rate. During the bear market, JLS CoLtd is likely to outperform the market. At this point, JLS CoLtd has a negative expected return of -0.11%. Please make sure to check out JLS CoLtd's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if JLS CoLtd performance from the past will be repeated at future time.
Auto-correlation | 0.53 |
Modest predictability
JLS CoLtd has modest predictability. Overlapping area represents the amount of predictability between JLS CoLtd time series from 1st of June 2024 to 14th of October 2024 and 14th of October 2024 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of JLS CoLtd price movement. The serial correlation of 0.53 indicates that about 53.0% of current JLS CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 17.1 K |
JLS CoLtd lagged returns against current returns
Autocorrelation, which is JLS CoLtd 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 JLS CoLtd's stock expected returns. We can calculate the autocorrelation of JLS CoLtd returns to help us make a trade decision. For example, suppose you find that JLS CoLtd 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 |
JLS CoLtd 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 JLS CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JLS CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JLS CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
JLS CoLtd Lagged Returns
When evaluating JLS CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JLS CoLtd stock have on its future price. JLS CoLtd 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, JLS CoLtd autocorrelation shows the relationship between JLS CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in JLS CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with JLS CoLtd
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 JLS CoLtd 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 JLS CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against JLS Stock
| 0.72 | 000660 | SK Hynix | PairCorr |
| 0.62 | 207940 | Samsung Biologics | PairCorr |
| 0.53 | 005385 | Hyundai Motor | PairCorr |
| 0.51 | 034730 | SK Holdings | PairCorr |
| 0.46 | 005387 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to JLS CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JLS CoLtd 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 JLS CoLtd - 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 JLS CoLtd to buy it.
The correlation of JLS CoLtd 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 JLS CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JLS CoLtd 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 JLS CoLtd 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 JLS Stock
JLS CoLtd financial ratios help investors to determine whether JLS 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 JLS with respect to the benefits of owning JLS CoLtd security.