Shinsegae Information (Korea) Market Value
| 035510 Stock | 10,420 10.00 0.1% |
| Symbol | Shinsegae |
Shinsegae Information '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 Shinsegae Information'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 Shinsegae Information.
| 05/28/2024 |
| 06/27/2024 |
If you would invest 0.00 in Shinsegae Information on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Shinsegae Information Communication or generate 0.0% return on investment in Shinsegae Information over 30 days. Shinsegae Information is related to or competes with Busan Industrial, Finebesteel, Fine Besteel, ISU Chemical, Daou Technology, Hansol Chemical, and Hana Technology. More
Shinsegae Information 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 Shinsegae Information'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 Shinsegae Information Communication upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.83 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.82 |
Shinsegae Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinsegae Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinsegae Information's standard deviation. In reality, there are many statistical measures that can use Shinsegae Information historical prices to predict the future Shinsegae Information's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shinsegae Information's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Shinsegae Information Backtested Returns
Shinsegae Information owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of risk over the last 3 months. Shinsegae Information Communication exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shinsegae Information's Coefficient Of Variation of (507.18), variance of 1.0, and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shinsegae Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinsegae Information is expected to be smaller as well. At this point, Shinsegae Information has a negative expected return of -0.22%. Please make sure to validate Shinsegae Information's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Shinsegae Information performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Shinsegae Information Communication has very good predictability. Overlapping area represents the amount of predictability between Shinsegae Information time series from 28th of May 2024 to 12th of June 2024 and 12th of June 2024 to 27th of June 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 Shinsegae Information price movement. The serial correlation of 0.81 indicates that around 81.0% of current Shinsegae Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 7024.79 |
Shinsegae Information lagged returns against current returns
Autocorrelation, which is Shinsegae Information 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 Shinsegae Information's stock expected returns. We can calculate the autocorrelation of Shinsegae Information returns to help us make a trade decision. For example, suppose you find that Shinsegae Information 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 |
Shinsegae Information 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 Shinsegae Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinsegae Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinsegae Information stock over time.
Current vs Lagged Prices |
| Timeline |
Shinsegae Information Lagged Returns
When evaluating Shinsegae Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinsegae Information stock have on its future price. Shinsegae Information 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, Shinsegae Information autocorrelation shows the relationship between Shinsegae Information stock current value and its past values and can show if there is a momentum factor associated with investing in Shinsegae Information Communication.
Regressed Prices |
| Timeline |
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Shinsegae Information financial ratios help investors to determine whether Shinsegae 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 Shinsegae with respect to the benefits of owning Shinsegae Information security.