E Mart (Korea) Market Value
| 139480 Stock | 64,600 400.00 0.62% |
| Symbol | 139480 |
E Mart '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 E Mart'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 E Mart.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in E Mart on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding E Mart or generate 0.0% return on investment in E Mart over 720 days. E Mart is related to or competes with Hyundai Home, Woori Technology, BIT Computer, Eagle Veterinary, TK Chemical, SK Chemicals, and AurosTechnology. More
E Mart 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 E Mart'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 E Mart upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.65 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.16 |
E Mart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for E Mart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E Mart's standard deviation. In reality, there are many statistical measures that can use E Mart historical prices to predict the future E Mart's volatility.| Risk Adjusted Performance | 0.0433 | |||
| Jensen Alpha | 0.0982 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.58) |
E Mart Backtested Returns
At this point, E Mart is very steady. E Mart secures Sharpe Ratio (or Efficiency) of 0.0217, which denotes the company had a 0.0217% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for E Mart, which you can use to evaluate the volatility of the entity. Please confirm E Mart's Mean Deviation of 1.46, downside deviation of 1.87, and Semi Deviation of 1.75 to check if the risk estimate we provide is consistent with the expected return of 0.0425%. E Mart has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning E Mart are expected to decrease at a much lower rate. During the bear market, E Mart is likely to outperform the market. E Mart today shows a risk of 1.96%. Please confirm E Mart coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if E Mart will be following its price patterns.
Auto-correlation | 0.74 |
Good predictability
E Mart has good predictability. Overlapping area represents the amount of predictability between E Mart time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 E Mart price movement. The serial correlation of 0.74 indicates that around 74.0% of current E Mart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 34.7 M |
E Mart lagged returns against current returns
Autocorrelation, which is E Mart 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 E Mart's stock expected returns. We can calculate the autocorrelation of E Mart returns to help us make a trade decision. For example, suppose you find that E Mart 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 |
E Mart 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 E Mart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E Mart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E Mart stock over time.
Current vs Lagged Prices |
| Timeline |
E Mart Lagged Returns
When evaluating E Mart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E Mart stock have on its future price. E Mart 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, E Mart autocorrelation shows the relationship between E Mart stock current value and its past values and can show if there is a momentum factor associated with investing in E Mart.
Regressed Prices |
| Timeline |
Pair Trading with E Mart
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 E Mart 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 E Mart will appreciate offsetting losses from the drop in the long position's value.Moving against 139480 Stock
The ability to find closely correlated positions to E Mart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E Mart 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 E Mart - 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 E Mart to buy it.
The correlation of E Mart 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 E Mart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E Mart 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 E Mart 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 139480 Stock
E Mart financial ratios help investors to determine whether 139480 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 139480 with respect to the benefits of owning E Mart security.