Vissem Electronics (Korea) Market Value
| 072950 Stock | KRW 5,400 190.00 3.40% |
| Symbol | Vissem |
Vissem Electronics '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 Vissem Electronics' 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 Vissem Electronics.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Vissem Electronics on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Vissem Electronics Co or generate 0.0% return on investment in Vissem Electronics over 30 days. Vissem Electronics is related to or competes with AptaBio Therapeutics, Cytogen, Samsung Card, Woori Technology, AnterogenCoLtd, and ABL Bio. Vissem Electronics Co., Ltd. manufactures and sells LED display systems and related components in South Korea and internationally. More
Vissem Electronics 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 Vissem Electronics' 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 Vissem Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 29.28 | |||
| Value At Risk | (5.72) | |||
| Potential Upside | 4.14 |
Vissem Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vissem Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vissem Electronics' standard deviation. In reality, there are many statistical measures that can use Vissem Electronics historical prices to predict the future Vissem Electronics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vissem Electronics' 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.
Vissem Electronics Backtested Returns
Vissem Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0235, which indicates the firm had a -0.0235% return per unit of risk over the last 3 months. Vissem Electronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vissem Electronics' Variance of 15.73, coefficient of variation of (2,523), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vissem Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vissem Electronics is expected to be smaller as well. Vissem Electronics has an expected return of -0.0891%. Please make sure to validate Vissem Electronics jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Vissem Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Vissem Electronics Co has good predictability. Overlapping area represents the amount of predictability between Vissem Electronics time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 Vissem Electronics price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Vissem Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 7909.0 |
Vissem Electronics lagged returns against current returns
Autocorrelation, which is Vissem Electronics 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 Vissem Electronics' stock expected returns. We can calculate the autocorrelation of Vissem Electronics returns to help us make a trade decision. For example, suppose you find that Vissem Electronics 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 |
Vissem Electronics 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 Vissem Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vissem Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vissem Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Vissem Electronics Lagged Returns
When evaluating Vissem Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vissem Electronics stock have on its future price. Vissem Electronics 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, Vissem Electronics autocorrelation shows the relationship between Vissem Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Vissem Electronics Co.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Vissem Electronics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Vissem Electronics' short interest history, or implied volatility extrapolated from Vissem Electronics options trading.
Thematic Opportunities
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Check out Vissem Electronics Correlation, Vissem Electronics Volatility and Vissem Electronics Alpha and Beta module to complement your research on Vissem Electronics. Note that the Vissem Electronics information on this page should be used as a complementary analysis to other Vissem Electronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Vissem Stock analysis
When running Vissem Electronics' price analysis, check to measure Vissem Electronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vissem Electronics is operating at the current time. Most of Vissem Electronics' value examination focuses on studying past and present price action to predict the probability of Vissem Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vissem Electronics' price. Additionally, you may evaluate how the addition of Vissem Electronics to your portfolios can decrease your overall portfolio volatility.
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Vissem Electronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.