Seoyon Topmetal (Korea) Market Value
| 019770 Stock | KRW 3,660 60.00 1.61% |
| Symbol | Seoyon |
Seoyon Topmetal '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 Seoyon Topmetal'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 Seoyon Topmetal.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Seoyon Topmetal on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Seoyon Topmetal Co or generate 0.0% return on investment in Seoyon Topmetal over 720 days. Seoyon Topmetal is related to or competes with Korea Real, Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. Seoyon Topmetal Co., Ltd. produces and sells automobile body parts stamping tools, injection molds for interior parts, a... More
Seoyon Topmetal 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 Seoyon Topmetal'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 Seoyon Topmetal Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 11.55 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 1.68 |
Seoyon Topmetal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seoyon Topmetal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seoyon Topmetal's standard deviation. In reality, there are many statistical measures that can use Seoyon Topmetal historical prices to predict the future Seoyon Topmetal's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.96 |
Seoyon Topmetal Backtested Returns
Seoyon Topmetal owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0659, which indicates the firm had a -0.0659% return per unit of risk over the last 3 months. Seoyon Topmetal Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seoyon Topmetal's Variance of 3.42, coefficient of variation of (974.00), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Seoyon Topmetal are expected to decrease at a much lower rate. During the bear market, Seoyon Topmetal is likely to outperform the market. At this point, Seoyon Topmetal has a negative expected return of -0.13%. Please make sure to validate Seoyon Topmetal's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Seoyon Topmetal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Seoyon Topmetal Co has poor predictability. Overlapping area represents the amount of predictability between Seoyon Topmetal time series from 13th of December 2022 to 8th of December 2023 and 8th 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 Seoyon Topmetal price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Seoyon Topmetal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 72.6 K |
Seoyon Topmetal lagged returns against current returns
Autocorrelation, which is Seoyon Topmetal 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 Seoyon Topmetal's stock expected returns. We can calculate the autocorrelation of Seoyon Topmetal returns to help us make a trade decision. For example, suppose you find that Seoyon Topmetal 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 |
Seoyon Topmetal 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 Seoyon Topmetal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seoyon Topmetal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seoyon Topmetal stock over time.
Current vs Lagged Prices |
| Timeline |
Seoyon Topmetal Lagged Returns
When evaluating Seoyon Topmetal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seoyon Topmetal stock have on its future price. Seoyon Topmetal 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, Seoyon Topmetal autocorrelation shows the relationship between Seoyon Topmetal stock current value and its past values and can show if there is a momentum factor associated with investing in Seoyon Topmetal Co.
Regressed Prices |
| Timeline |
Pair Trading with Seoyon Topmetal
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 Seoyon Topmetal 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 Seoyon Topmetal will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Seoyon Topmetal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seoyon Topmetal 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 Seoyon Topmetal - 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 Seoyon Topmetal Co to buy it.
The correlation of Seoyon Topmetal 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 Seoyon Topmetal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seoyon Topmetal 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 Seoyon Topmetal 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 Seoyon Stock
Seoyon Topmetal financial ratios help investors to determine whether Seoyon 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 Seoyon with respect to the benefits of owning Seoyon Topmetal security.