Jeju Semiconductor (Korea) Market Value
| 080220 Stock | KRW 9,510 110.00 1.17% |
| Symbol | Jeju |
Jeju 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 Jeju 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 Jeju Semiconductor.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Jeju Semiconductor on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Jeju Semiconductor Corp or generate 0.0% return on investment in Jeju Semiconductor over 720 days. Jeju Semiconductor is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. Jeju Semiconductor Corp. provides memory semiconductor solutions worldwide More
Jeju 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 Jeju 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 Jeju Semiconductor Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 17.62 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 4.92 |
Jeju Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jeju Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jeju Semiconductor's standard deviation. In reality, there are many statistical measures that can use Jeju Semiconductor historical prices to predict the future Jeju Semiconductor's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | 0.6184 |
Jeju Semiconductor Corp Backtested Returns
Jeju Semiconductor Corp holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Jeju Semiconductor Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jeju Semiconductor's Standard Deviation of 3.41, risk adjusted performance of (0.13), and Market Risk Adjusted Performance of 0.6284 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.98, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Jeju Semiconductor are expected to decrease slowly. On the other hand, during market turmoil, Jeju Semiconductor is expected to outperform it slightly. At this point, Jeju Semiconductor Corp has a negative expected return of -0.56%. Please make sure to check out Jeju Semiconductor's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Jeju Semiconductor Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Jeju Semiconductor Corp has average predictability. Overlapping area represents the amount of predictability between Jeju Semiconductor time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Jeju Semiconductor Corp price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Jeju Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 42 M |
Jeju Semiconductor Corp lagged returns against current returns
Autocorrelation, which is Jeju 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 Jeju Semiconductor's stock expected returns. We can calculate the autocorrelation of Jeju Semiconductor returns to help us make a trade decision. For example, suppose you find that Jeju 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 |
Jeju 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 Jeju Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jeju Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jeju Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Jeju Semiconductor Lagged Returns
When evaluating Jeju Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jeju Semiconductor stock have on its future price. Jeju 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, Jeju Semiconductor autocorrelation shows the relationship between Jeju Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Jeju Semiconductor Corp.
Regressed Prices |
| Timeline |
Pair Trading with Jeju 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 Jeju 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 Jeju Semiconductor will appreciate offsetting losses from the drop in the long position's value.Moving together with Jeju Stock
The ability to find closely correlated positions to Jeju 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 Jeju 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 Jeju 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 Jeju Semiconductor Corp to buy it.
The correlation of Jeju 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 Jeju Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jeju Semiconductor Corp 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 Jeju 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 Jeju Stock
Jeju Semiconductor financial ratios help investors to determine whether Jeju 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 Jeju with respect to the benefits of owning Jeju Semiconductor security.