EE HWA (Korea) Market Value
| 001840 Stock | KRW 2,855 75.00 2.70% |
| Symbol | 001840 |
EE HWA '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 EE HWA'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 EE HWA.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in EE HWA on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding EE HWA Construction Co or generate 0.0% return on investment in EE HWA over 60 days. EE HWA is related to or competes with Hanyang ENG, Nam Hwa, KT Submarine, Yooshin Engineering, and Sebo Manufacturing. EEHWA Construction Co., Ltd. engages in the construction business in South Korea. More
EE HWA 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 EE HWA'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 EE HWA Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 48.44 | |||
| Value At Risk | (7.77) | |||
| Potential Upside | 12.86 |
EE HWA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EE HWA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EE HWA's standard deviation. In reality, there are many statistical measures that can use EE HWA historical prices to predict the future EE HWA's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | 0.2316 |
EE HWA Construction Backtested Returns
At this point, EE HWA is very steady. EE HWA Construction retains Efficiency (Sharpe Ratio) of 0.011, which denotes the company had a 0.011% return per unit of price deviation over the last 3 months. We have found twenty-three technical indicators for EE HWA, which you can use to evaluate the volatility of the firm. Please confirm EE HWA's Information Ratio of (0.03), market risk adjusted performance of 0.2416, and Standard Deviation of 6.4 to check if the risk estimate we provide is consistent with the expected return of 0.0699%. The firm owns a Beta (Systematic Risk) of -0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EE HWA are expected to decrease at a much lower rate. During the bear market, EE HWA is likely to outperform the market. EE HWA Construction today owns a risk of 6.35%. Please confirm EE HWA Construction Co coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if EE HWA Construction Co will be following its current price history.
Auto-correlation | -0.57 |
Good reverse predictability
EE HWA Construction Co has good reverse predictability. Overlapping area represents the amount of predictability between EE HWA time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 EE HWA Construction price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current EE HWA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 64.3 K |
EE HWA Construction lagged returns against current returns
Autocorrelation, which is EE HWA 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 EE HWA's stock expected returns. We can calculate the autocorrelation of EE HWA returns to help us make a trade decision. For example, suppose you find that EE HWA 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 |
EE HWA 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 EE HWA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EE HWA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EE HWA stock over time.
Current vs Lagged Prices |
| Timeline |
EE HWA Lagged Returns
When evaluating EE HWA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EE HWA stock have on its future price. EE HWA 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, EE HWA autocorrelation shows the relationship between EE HWA stock current value and its past values and can show if there is a momentum factor associated with investing in EE HWA Construction Co.
Regressed Prices |
| Timeline |
Pair Trading with EE HWA
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 EE HWA 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 EE HWA will appreciate offsetting losses from the drop in the long position's value.Moving against 001840 Stock
The ability to find closely correlated positions to EE HWA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EE HWA 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 EE HWA - 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 EE HWA Construction Co to buy it.
The correlation of EE HWA 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 EE HWA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EE HWA 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 EE HWA 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 001840 Stock
EE HWA financial ratios help investors to determine whether 001840 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 001840 with respect to the benefits of owning EE HWA security.