Seronics (Korea) Market Value
| 042600 Stock | KRW 10,750 590.00 5.20% |
| Symbol | Seronics |
Seronics '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 Seronics' 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 Seronics.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Seronics on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Seronics Co or generate 0.0% return on investment in Seronics over 30 days. Seronics is related to or competes with Korea Computer, Korea Air, GS Engineering, Camus Engineering, Dongbang Ship, Sungdo Engineering, and Jin Air. Seronics Co., Ltd. manufactures and sells electronic components in Korea and North America More
Seronics 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 Seronics' 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 Seronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 17.43 | |||
| Value At Risk | (5.16) | |||
| Potential Upside | 5.94 |
Seronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seronics' standard deviation. In reality, there are many statistical measures that can use Seronics historical prices to predict the future Seronics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 1.46 |
Seronics Backtested Returns
Seronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0892, which indicates the firm had a -0.0892% return per unit of risk over the last 3 months. Seronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seronics' Risk Adjusted Performance of (0.06), coefficient of variation of (1,181), and Variance of 12.02 to confirm the risk estimate we provide. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Seronics are expected to decrease at a much lower rate. During the bear market, Seronics is likely to outperform the market. At this point, Seronics has a negative expected return of -0.32%. Please make sure to validate Seronics' jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Seronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Seronics Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Seronics time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Seronics price movement. The serial correlation of -0.2 indicates that over 20.0% of current Seronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 165.3 K |
Seronics lagged returns against current returns
Autocorrelation, which is Seronics 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 Seronics' stock expected returns. We can calculate the autocorrelation of Seronics returns to help us make a trade decision. For example, suppose you find that Seronics 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 |
Seronics 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 Seronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seronics stock over time.
Current vs Lagged Prices |
| Timeline |
Seronics Lagged Returns
When evaluating Seronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seronics stock have on its future price. Seronics 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, Seronics autocorrelation shows the relationship between Seronics stock current value and its past values and can show if there is a momentum factor associated with investing in Seronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Seronics
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 Seronics 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 Seronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Seronics Stock
The ability to find closely correlated positions to Seronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seronics 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 Seronics - 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 Seronics Co to buy it.
The correlation of Seronics 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 Seronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seronics 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 Seronics 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 Seronics Stock
Seronics financial ratios help investors to determine whether Seronics 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 Seronics with respect to the benefits of owning Seronics security.