Seers Technology (Korea) Market Value
| 458870 Stock | 12,240 10.00 0.08% |
| Symbol | Seers |
Seers Technology '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 Seers Technology'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 Seers Technology.
| 06/15/2024 |
| 01/11/2025 |
If you would invest 0.00 in Seers Technology on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding Seers Technology or generate 0.0% return on investment in Seers Technology over 210 days.
Seers Technology 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 Seers Technology'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 Seers Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (5.64) | |||
| Potential Upside | 7.78 |
Seers Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seers Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seers Technology's standard deviation. In reality, there are many statistical measures that can use Seers Technology historical prices to predict the future Seers Technology's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.6785 |
Seers Technology Backtested Returns
Seers Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0583, which indicates the firm had a -0.0583% return per unit of risk over the last 3 months. Seers Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seers Technology's Coefficient Of Variation of (3,578), variance of 16.22, and Risk Adjusted Performance of (0.01) 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, returns on owning Seers Technology are expected to decrease at a much lower rate. During the bear market, Seers Technology is likely to outperform the market. At this point, Seers Technology has a negative expected return of -0.24%. Please make sure to validate Seers Technology's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Seers Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Seers Technology has modest predictability. Overlapping area represents the amount of predictability between Seers Technology time series from 15th of June 2024 to 28th of September 2024 and 28th of September 2024 to 11th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Seers Technology price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Seers Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2.8 M |
Seers Technology lagged returns against current returns
Autocorrelation, which is Seers Technology 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 Seers Technology's stock expected returns. We can calculate the autocorrelation of Seers Technology returns to help us make a trade decision. For example, suppose you find that Seers Technology 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 |
Seers Technology 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 Seers Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seers Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seers Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Seers Technology Lagged Returns
When evaluating Seers Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seers Technology stock have on its future price. Seers Technology 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, Seers Technology autocorrelation shows the relationship between Seers Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Seers Technology.
Regressed Prices |
| Timeline |
Pair Trading with Seers Technology
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 Seers Technology 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 Seers Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Seers Stock
| 0.67 | 005935 | Samsung Electronics | PairCorr |
| 0.76 | 005930 | Samsung Electronics | PairCorr |
| 0.68 | 207940 | Samsung Biologics | PairCorr |
The ability to find closely correlated positions to Seers Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seers Technology 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 Seers Technology - 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 Seers Technology to buy it.
The correlation of Seers Technology 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 Seers Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seers Technology 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 Seers Technology 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.