Hwasung Industrial (Korea) Market Value
| 002460 Stock | 9,520 30.00 0.31% |
| Symbol | Hwasung |
Hwasung Industrial '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 Hwasung Industrial'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 Hwasung Industrial.
| 01/23/2023 |
| 01/12/2025 |
If you would invest 0.00 in Hwasung Industrial on January 23, 2023 and sell it all today you would earn a total of 0.00 from holding Hwasung Industrial Co or generate 0.0% return on investment in Hwasung Industrial over 720 days. Hwasung Industrial is related to or competes with Songwon Industrial, ABOV Semiconductor, Handok Clean, Cheryong Industrial, Formetal, and . More
Hwasung Industrial 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 Hwasung Industrial'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 Hwasung Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.1138 | |||
| Maximum Drawdown | 11.43 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.25 |
Hwasung Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hwasung Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hwasung Industrial's standard deviation. In reality, there are many statistical measures that can use Hwasung Industrial historical prices to predict the future Hwasung Industrial's volatility.| Risk Adjusted Performance | 0.0987 | |||
| Jensen Alpha | 0.2186 | |||
| Total Risk Alpha | 0.2458 | |||
| Sortino Ratio | 0.146 | |||
| Treynor Ratio | 1.51 |
Hwasung Industrial Backtested Returns
Hwasung Industrial appears to be very steady, given 3 months investment horizon. Hwasung Industrial holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Hwasung Industrial, which you can use to evaluate the volatility of the firm. Please utilize Hwasung Industrial's risk adjusted performance of 0.0987, and Market Risk Adjusted Performance of 1.52 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hwasung Industrial holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hwasung Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hwasung Industrial is expected to be smaller as well. Please check Hwasung Industrial's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Hwasung Industrial's current trending patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Hwasung Industrial Co has insignificant predictability. Overlapping area represents the amount of predictability between Hwasung Industrial time series from 23rd of January 2023 to 18th of January 2024 and 18th of January 2024 to 12th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hwasung Industrial price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Hwasung Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 370.4 K |
Hwasung Industrial lagged returns against current returns
Autocorrelation, which is Hwasung Industrial 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 Hwasung Industrial's stock expected returns. We can calculate the autocorrelation of Hwasung Industrial returns to help us make a trade decision. For example, suppose you find that Hwasung Industrial 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 |
Hwasung Industrial 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 Hwasung Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hwasung Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hwasung Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Hwasung Industrial Lagged Returns
When evaluating Hwasung Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hwasung Industrial stock have on its future price. Hwasung Industrial 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, Hwasung Industrial autocorrelation shows the relationship between Hwasung Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Hwasung Industrial Co.
Regressed Prices |
| Timeline |
Pair Trading with Hwasung Industrial
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 Hwasung Industrial 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 Hwasung Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Hwasung Stock
Moving against Hwasung Stock
| 0.53 | 302430 | Innometry | PairCorr |
| 0.45 | 033240 | Jahwa Electron | PairCorr |
| 0.41 | 147760 | Microfriend | PairCorr |
| 0.37 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.34 | 053080 | Wonbang Tech | PairCorr |
The ability to find closely correlated positions to Hwasung Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hwasung Industrial 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 Hwasung Industrial - 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 Hwasung Industrial Co to buy it.
The correlation of Hwasung Industrial 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 Hwasung Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hwasung Industrial 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 Hwasung Industrial 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 Hwasung Stock
Hwasung Industrial financial ratios help investors to determine whether Hwasung 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 Hwasung with respect to the benefits of owning Hwasung Industrial security.