Seojin System (Korea) Market Value
| 178320 Stock | KRW 25,450 1,000.00 3.78% |
| Symbol | Seojin |
Seojin System '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 System'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 System.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Seojin System on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Seojin System CoLtd or generate 0.0% return on investment in Seojin System over 30 days. Seojin System is related to or competes with Ubiquoss Holdings, Asia Pacific, and Mercury. Seojin System Co., Ltd provides telecom equipment, mechanical products, and LED and other equipment More
Seojin System 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 System'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 System CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.95 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 6.01 |
Seojin System Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seojin System's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seojin System's standard deviation. In reality, there are many statistical measures that can use Seojin System historical prices to predict the future Seojin System's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 2.39 |
Seojin System CoLtd Backtested Returns
At this point, Seojin System is very steady. Seojin System CoLtd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0326, which indicates the firm had a 0.0326% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Seojin System CoLtd, which you can use to evaluate the volatility of the company. Please validate Seojin System's Coefficient Of Variation of (5,441), risk adjusted performance of (0.01), and Variance of 10.24 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Seojin System has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0288, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Seojin System are expected to decrease at a much lower rate. During the bear market, Seojin System is likely to outperform the market. Seojin System CoLtd right now has a risk of 3.32%. Please validate Seojin System total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Seojin System will be following its existing price patterns.
Auto-correlation | 0.28 |
Poor predictability
Seojin System CoLtd has poor predictability. Overlapping area represents the amount of predictability between Seojin System 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 Seojin System CoLtd price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Seojin System price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
Seojin System CoLtd lagged returns against current returns
Autocorrelation, which is Seojin System 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 System's stock expected returns. We can calculate the autocorrelation of Seojin System returns to help us make a trade decision. For example, suppose you find that Seojin System 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 System 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 System stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seojin System stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seojin System stock over time.
Current vs Lagged Prices |
| Timeline |
Seojin System Lagged Returns
When evaluating Seojin System's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seojin System stock have on its future price. Seojin System 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 System autocorrelation shows the relationship between Seojin System stock current value and its past values and can show if there is a momentum factor associated with investing in Seojin System CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Seojin System
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 System 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 System will appreciate offsetting losses from the drop in the long position's value.Moving against Seojin Stock
| 0.62 | 005935 | Samsung Electronics | PairCorr |
| 0.59 | 005930 | Samsung Electronics | PairCorr |
| 0.53 | 078070 | Ubiquoss Holdings | PairCorr |
The ability to find closely correlated positions to Seojin System 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 System 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 System - 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 System CoLtd to buy it.
The correlation of Seojin System 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 System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seojin System 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 System 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 System 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 System security.