JETEMA (Korea) Market Value
| 216080 Stock | KRW 19,490 510.00 2.55% |
| Symbol | JETEMA |
JETEMA '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 JETEMA'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 JETEMA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in JETEMA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding JETEMA Co or generate 0.0% return on investment in JETEMA over 30 days. JETEMA is related to or competes with CJ Seafood, Seoul Semiconductor, Kukil Metal, Duksan Hi, FOODWELL, Korean Reinsurance, and Heungkuk Metaltech. JETEMA, Co., Ltd., a bio venture company, engages in the research and development of medicines and medical devices More
JETEMA 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 JETEMA'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 JETEMA Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.0544 | |||
| Maximum Drawdown | 17.39 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 5.98 |
JETEMA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JETEMA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JETEMA's standard deviation. In reality, there are many statistical measures that can use JETEMA historical prices to predict the future JETEMA's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.2268 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0747 | |||
| Treynor Ratio | 0.5814 |
JETEMA Backtested Returns
JETEMA appears to be very steady, given 3 months investment horizon. JETEMA holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of volatility over the last 3 months. We have found thirty technical indicators for JETEMA, which you can use to evaluate the volatility of the firm. Please utilize JETEMA's market risk adjusted performance of 0.5914, and Risk Adjusted Performance of 0.0804 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JETEMA holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JETEMA's returns are expected to increase less than the market. However, during the bear market, the loss of holding JETEMA is expected to be smaller as well. Please check JETEMA's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether JETEMA's current trending patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
JETEMA Co has modest reverse predictability. Overlapping area represents the amount of predictability between JETEMA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 JETEMA price movement. The serial correlation of -0.44 indicates that just about 44.0% of current JETEMA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
JETEMA lagged returns against current returns
Autocorrelation, which is JETEMA 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 JETEMA's stock expected returns. We can calculate the autocorrelation of JETEMA returns to help us make a trade decision. For example, suppose you find that JETEMA 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 |
JETEMA 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 JETEMA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JETEMA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JETEMA stock over time.
Current vs Lagged Prices |
| Timeline |
JETEMA Lagged Returns
When evaluating JETEMA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JETEMA stock have on its future price. JETEMA 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, JETEMA autocorrelation shows the relationship between JETEMA stock current value and its past values and can show if there is a momentum factor associated with investing in JETEMA Co.
Regressed Prices |
| Timeline |
Pair Trading with JETEMA
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 JETEMA 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 JETEMA will appreciate offsetting losses from the drop in the long position's value.Moving against JETEMA Stock
The ability to find closely correlated positions to JETEMA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JETEMA 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 JETEMA - 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 JETEMA Co to buy it.
The correlation of JETEMA 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 JETEMA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JETEMA 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 JETEMA 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 JETEMA Stock
JETEMA financial ratios help investors to determine whether JETEMA 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 JETEMA with respect to the benefits of owning JETEMA security.