Hanwha InvestmentSecuri (Korea) Market Value
| 003530 Stock | 3,535 40.00 1.14% |
| Symbol | Hanwha |
Hanwha InvestmentSecuri '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 Hanwha InvestmentSecuri'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 Hanwha InvestmentSecuri.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hanwha InvestmentSecuri on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hanwha InvestmentSecurities Co or generate 0.0% return on investment in Hanwha InvestmentSecuri over 30 days. Hanwha InvestmentSecuri is related to or competes with Samsung Electronics, Samsung Electronics, KB Financial, Shinhan Financial, Hyundai, Hyundai, and Hyundai. More
Hanwha InvestmentSecuri 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 Hanwha InvestmentSecuri'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 Hanwha InvestmentSecurities Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 25.75 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 4.94 |
Hanwha InvestmentSecuri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanwha InvestmentSecuri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanwha InvestmentSecuri's standard deviation. In reality, there are many statistical measures that can use Hanwha InvestmentSecuri historical prices to predict the future Hanwha InvestmentSecuri's volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0395 |
Hanwha InvestmentSecuri Backtested Returns
At this point, Hanwha InvestmentSecuri is very steady. Hanwha InvestmentSecuri holds Efficiency (Sharpe) Ratio of 0.0393, which attests that the entity had a 0.0393% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hanwha InvestmentSecuri, which you can use to evaluate the volatility of the firm. Please check out Hanwha InvestmentSecuri's Market Risk Adjusted Performance of 0.0495, downside deviation of 2.79, and Risk Adjusted Performance of 0.0183 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Hanwha InvestmentSecuri has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Hanwha InvestmentSecuri returns are very sensitive to returns on the market. As the market goes up or down, Hanwha InvestmentSecuri is expected to follow. Hanwha InvestmentSecuri right now retains a risk of 3.55%. Please check out Hanwha InvestmentSecuri semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Hanwha InvestmentSecuri will be following its current trending patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Hanwha InvestmentSecurities Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hanwha InvestmentSecuri time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Hanwha InvestmentSecuri price movement. The serial correlation of -0.73 indicates that around 73.0% of current Hanwha InvestmentSecuri price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 13.1 K |
Hanwha InvestmentSecuri lagged returns against current returns
Autocorrelation, which is Hanwha InvestmentSecuri 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 Hanwha InvestmentSecuri's stock expected returns. We can calculate the autocorrelation of Hanwha InvestmentSecuri returns to help us make a trade decision. For example, suppose you find that Hanwha InvestmentSecuri 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 |
Hanwha InvestmentSecuri 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 Hanwha InvestmentSecuri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanwha InvestmentSecuri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanwha InvestmentSecuri stock over time.
Current vs Lagged Prices |
| Timeline |
Hanwha InvestmentSecuri Lagged Returns
When evaluating Hanwha InvestmentSecuri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanwha InvestmentSecuri stock have on its future price. Hanwha InvestmentSecuri 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, Hanwha InvestmentSecuri autocorrelation shows the relationship between Hanwha InvestmentSecuri stock current value and its past values and can show if there is a momentum factor associated with investing in Hanwha InvestmentSecurities Co.
Regressed Prices |
| Timeline |
Pair Trading with Hanwha InvestmentSecuri
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 Hanwha InvestmentSecuri 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 Hanwha InvestmentSecuri will appreciate offsetting losses from the drop in the long position's value.Moving against Hanwha Stock
| 0.57 | 005380 | Hyundai Motor | PairCorr |
| 0.47 | 005930 | Samsung Electronics | PairCorr |
| 0.45 | 005935 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Hanwha InvestmentSecuri could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanwha InvestmentSecuri 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 Hanwha InvestmentSecuri - 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 Hanwha InvestmentSecurities Co to buy it.
The correlation of Hanwha InvestmentSecuri 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 Hanwha InvestmentSecuri moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanwha InvestmentSecuri 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 Hanwha InvestmentSecuri 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 Hanwha Stock
Hanwha InvestmentSecuri financial ratios help investors to determine whether Hanwha 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 Hanwha with respect to the benefits of owning Hanwha InvestmentSecuri security.