Seohee Construction (Korea) Market Value
| 035890 Stock | KRW 1,517 101.00 7.13% |
| Symbol | Seohee |
Seohee Construction '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 Seohee Construction'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 Seohee Construction.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Seohee Construction on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Seohee Construction Co or generate 0.0% return on investment in Seohee Construction over 30 days. Seohee Construction is related to or competes with KCC Engineering, Samchuly Bicycle, SFA Engineering, SEOHAN Const, and UJU Electronics. Seohee Construction Co., Ltd. operates as a construction company primarily in South Korea More
Seohee Construction 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 Seohee Construction'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 Seohee Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 2.7 |
Seohee Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seohee Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seohee Construction's standard deviation. In reality, there are many statistical measures that can use Seohee Construction historical prices to predict the future Seohee Construction's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | 0.1103 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 1.25 |
Seohee Construction Backtested Returns
At this point, Seohee Construction is very steady. Seohee Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0276, which indicates the firm had a 0.0276% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Seohee Construction Co, which you can use to evaluate the volatility of the company. Please validate Seohee Construction's Coefficient Of Variation of 1428.69, risk adjusted performance of 0.0595, and Semi Deviation of 1.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.053%. Seohee Construction has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.0982, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Seohee Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seohee Construction is expected to be smaller as well. Seohee Construction right now has a risk of 1.92%. Please validate Seohee Construction downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Seohee Construction will be following its existing price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Seohee Construction Co has poor reverse predictability. Overlapping area represents the amount of predictability between Seohee Construction 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 Seohee Construction price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Seohee Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1066.05 |
Seohee Construction lagged returns against current returns
Autocorrelation, which is Seohee Construction 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 Seohee Construction's stock expected returns. We can calculate the autocorrelation of Seohee Construction returns to help us make a trade decision. For example, suppose you find that Seohee Construction 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 |
Seohee Construction 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 Seohee Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seohee Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seohee Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Seohee Construction Lagged Returns
When evaluating Seohee Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seohee Construction stock have on its future price. Seohee Construction 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, Seohee Construction autocorrelation shows the relationship between Seohee Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Seohee Construction Co.
Regressed Prices |
| Timeline |
Pair Trading with Seohee Construction
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 Seohee Construction 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 Seohee Construction will appreciate offsetting losses from the drop in the long position's value.Moving against Seohee Stock
| 0.54 | 032830 | Samsung Life | PairCorr |
| 0.48 | 024110 | Industrial Bank | PairCorr |
| 0.42 | 105560 | KB Financial Group | PairCorr |
| 0.35 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Seohee Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seohee Construction 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 Seohee Construction - 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 Seohee Construction Co to buy it.
The correlation of Seohee Construction 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 Seohee Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seohee Construction 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 Seohee Construction 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 Seohee Stock
Seohee Construction financial ratios help investors to determine whether Seohee 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 Seohee with respect to the benefits of owning Seohee Construction security.