Seung Il (Korea) Market Value
| 049830 Stock | KRW 7,890 60.00 0.77% |
| Symbol | Seung |
Seung Il '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 Seung Il'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 Seung Il.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Seung Il on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Seung Il or generate 0.0% return on investment in Seung Il over 720 days. Seung Il is related to or competes with Pum Tech, Hankukpackage, Naver, Gyeongnam Steel, Oriental Precision, and Korean Air. Seung Il Corporation manufactures and sells aerosol and regular cans More
Seung Il 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 Seung Il'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 Seung Il upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.0697 | |||
| Maximum Drawdown | 15.26 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 3.0 |
Seung Il Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seung Il's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seung Il's standard deviation. In reality, there are many statistical measures that can use Seung Il historical prices to predict the future Seung Il's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 0.1883 | |||
| Total Risk Alpha | 0.0962 | |||
| Sortino Ratio | 0.0781 | |||
| Treynor Ratio | 0.7229 |
Seung Il Backtested Returns
Seung Il appears to be very steady, given 3 months investment horizon. Seung Il owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0908, which indicates the firm had a 0.0908% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Seung Il, which you can use to evaluate the volatility of the company. Please review Seung Il's Coefficient Of Variation of 1126.22, semi deviation of 1.72, and Risk Adjusted Performance of 0.0776 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Seung Il holds a performance score of 7. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Seung Il's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seung Il is expected to be smaller as well. Please check Seung Il's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Seung Il's existing price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Seung Il has very good predictability. Overlapping area represents the amount of predictability between Seung Il time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Seung Il price movement. The serial correlation of 0.85 indicates that around 85.0% of current Seung Il price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 814.8 K |
Seung Il lagged returns against current returns
Autocorrelation, which is Seung Il 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 Seung Il's stock expected returns. We can calculate the autocorrelation of Seung Il returns to help us make a trade decision. For example, suppose you find that Seung Il 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 |
Seung Il 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 Seung Il stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seung Il stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seung Il stock over time.
Current vs Lagged Prices |
| Timeline |
Seung Il Lagged Returns
When evaluating Seung Il's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seung Il stock have on its future price. Seung Il 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, Seung Il autocorrelation shows the relationship between Seung Il stock current value and its past values and can show if there is a momentum factor associated with investing in Seung Il.
Regressed Prices |
| Timeline |
Pair Trading with Seung Il
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 Seung Il 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 Seung Il will appreciate offsetting losses from the drop in the long position's value.Moving against Seung Stock
| 0.62 | 055550 | Shinhan Financial | PairCorr |
| 0.5 | 005935 | Samsung Electronics | PairCorr |
| 0.42 | 005930 | Samsung Electronics | PairCorr |
| 0.39 | 005380 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Seung Il could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seung Il 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 Seung Il - 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 Seung Il to buy it.
The correlation of Seung Il 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 Seung Il moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seung Il 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 Seung Il 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 Seung Stock
Seung Il financial ratios help investors to determine whether Seung 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 Seung with respect to the benefits of owning Seung Il security.