Seoul Semiconductor (Korea) Market Value
| 046890 Stock | KRW 7,350 200.00 2.65% |
| Symbol | Seoul |
Seoul Semiconductor '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 Seoul Semiconductor'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 Seoul Semiconductor.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Seoul Semiconductor on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Seoul Semiconductor Co or generate 0.0% return on investment in Seoul Semiconductor over 30 days. Seoul Semiconductor is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Seoul Semiconductor Co., Ltd. manufactures and sells light emitting diodes products worldwide More
Seoul Semiconductor 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 Seoul Semiconductor'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 Seoul Semiconductor Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 25.37 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.39 |
Seoul Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seoul Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seoul Semiconductor's standard deviation. In reality, there are many statistical measures that can use Seoul Semiconductor historical prices to predict the future Seoul Semiconductor's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | 2.71 |
Seoul Semiconductor Backtested Returns
Seoul Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Seoul Semiconductor Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seoul Semiconductor's Risk Adjusted Performance of (0.09), variance of 8.93, and Coefficient Of Variation of (789.12) to confirm the risk estimate we provide. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Seoul Semiconductor are expected to decrease at a much lower rate. During the bear market, Seoul Semiconductor is likely to outperform the market. At this point, Seoul Semiconductor has a negative expected return of -0.38%. Please make sure to validate Seoul Semiconductor's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Seoul Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Seoul Semiconductor Co has good predictability. Overlapping area represents the amount of predictability between Seoul Semiconductor time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Seoul Semiconductor price movement. The serial correlation of 0.66 indicates that around 66.0% of current Seoul Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 34.7 K |
Seoul Semiconductor lagged returns against current returns
Autocorrelation, which is Seoul Semiconductor 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 Seoul Semiconductor's stock expected returns. We can calculate the autocorrelation of Seoul Semiconductor returns to help us make a trade decision. For example, suppose you find that Seoul Semiconductor 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 |
Seoul Semiconductor 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 Seoul Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seoul Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seoul Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Seoul Semiconductor Lagged Returns
When evaluating Seoul Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seoul Semiconductor stock have on its future price. Seoul Semiconductor 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, Seoul Semiconductor autocorrelation shows the relationship between Seoul Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Seoul Semiconductor Co.
Regressed Prices |
| Timeline |
Pair Trading with Seoul Semiconductor
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 Seoul Semiconductor 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 Seoul Semiconductor will appreciate offsetting losses from the drop in the long position's value.Moving together with Seoul Stock
The ability to find closely correlated positions to Seoul Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seoul Semiconductor 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 Seoul Semiconductor - 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 Seoul Semiconductor Co to buy it.
The correlation of Seoul Semiconductor 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 Seoul Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seoul Semiconductor 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 Seoul Semiconductor 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 Seoul Stock
Seoul Semiconductor financial ratios help investors to determine whether Seoul 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 Seoul with respect to the benefits of owning Seoul Semiconductor security.