Seojin Automotive (Korea) Market Value
| 122690 Stock | KRW 1,981 49.00 2.41% |
| Symbol | Seojin |
Seojin Automotive '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 Seojin Automotive'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 Seojin Automotive.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Seojin Automotive on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Seojin Automotive CoLtd or generate 0.0% return on investment in Seojin Automotive over 690 days. Seojin Automotive is related to or competes with Korea Real, Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. ,Ltd. produces, supplies, and sells automobile clutches and components More
Seojin Automotive 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 Seojin Automotive'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 Seojin Automotive CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 10.41 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.05 |
Seojin Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seojin Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seojin Automotive's standard deviation. In reality, there are many statistical measures that can use Seojin Automotive historical prices to predict the future Seojin Automotive's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (2.28) |
Seojin Automotive CoLtd Backtested Returns
Seojin Automotive CoLtd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Seojin Automotive CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seojin Automotive's Variance of 2.65, risk adjusted performance of (0.18), and Coefficient Of Variation of (403.05) to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Seojin Automotive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seojin Automotive is expected to be smaller as well. At this point, Seojin Automotive CoLtd has a negative expected return of -0.33%. Please make sure to validate Seojin Automotive's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Seojin Automotive CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Seojin Automotive CoLtd has very weak predictability. Overlapping area represents the amount of predictability between Seojin Automotive time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd of December 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 Seojin Automotive CoLtd price movement. The serial correlation of 0.16 indicates that over 16.0% of current Seojin Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 268.2 K |
Seojin Automotive CoLtd lagged returns against current returns
Autocorrelation, which is Seojin Automotive 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 Seojin Automotive's stock expected returns. We can calculate the autocorrelation of Seojin Automotive returns to help us make a trade decision. For example, suppose you find that Seojin Automotive 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 |
Seojin Automotive 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 Seojin Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seojin Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seojin Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
Seojin Automotive Lagged Returns
When evaluating Seojin Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seojin Automotive stock have on its future price. Seojin Automotive 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, Seojin Automotive autocorrelation shows the relationship between Seojin Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Seojin Automotive CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Seojin Automotive
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 Seojin Automotive 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 Seojin Automotive will appreciate offsetting losses from the drop in the long position's value.Moving together with Seojin Stock
| 0.72 | 005930 | Samsung Electronics | PairCorr |
| 0.68 | 005935 | Samsung Electronics | PairCorr |
| 0.74 | 005380 | Hyundai Motor | PairCorr |
Moving against Seojin Stock
The ability to find closely correlated positions to Seojin Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seojin Automotive 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 Seojin Automotive - 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 Seojin Automotive CoLtd to buy it.
The correlation of Seojin Automotive 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 Seojin Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seojin Automotive 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 Seojin Automotive 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 Seojin Stock
Seojin Automotive financial ratios help investors to determine whether Seojin 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 Seojin with respect to the benefits of owning Seojin Automotive security.