NH Investment (Korea) Market Value
| 005940 Stock | 13,380 20.00 0.15% |
| Symbol | 005940 |
NH Investment '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 NH Investment'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 NH Investment.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NH Investment on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding NH Investment Securities or generate 0.0% return on investment in NH Investment over 30 days. NH Investment is related to or competes with LG Display, Nasmedia, PlayD, INtRON Biotechnology, Iljin Display, Digital Multimedia, and Display Tech. More
NH Investment 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 NH Investment'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 NH Investment Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.61 |
NH Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NH Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NH Investment's standard deviation. In reality, there are many statistical measures that can use NH Investment historical prices to predict the future NH Investment's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.27) |
NH Investment Securities Backtested Returns
NH Investment Securities retains Efficiency (Sharpe Ratio) of -0.0095, which conveys that the firm had a -0.0095% return per unit of price deviation over the last 3 months. NH Investment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NH Investment's Information Ratio of (0.09), mean deviation of 1.11, and Market Risk Adjusted Performance of (0.26) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0515, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NH Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding NH Investment is expected to be smaller as well. At this point, NH Investment Securities has a negative expected return of -0.0151%. Please make sure to verify NH Investment's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if NH Investment Securities performance from the past will be repeated sooner or later.
Auto-correlation | 0.19 |
Very weak predictability
NH Investment Securities has very weak predictability. Overlapping area represents the amount of predictability between NH Investment time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 NH Investment Securities price movement. The serial correlation of 0.19 indicates that over 19.0% of current NH Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 24.8 K |
NH Investment Securities lagged returns against current returns
Autocorrelation, which is NH Investment 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 NH Investment's stock expected returns. We can calculate the autocorrelation of NH Investment returns to help us make a trade decision. For example, suppose you find that NH Investment 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 |
NH Investment 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 NH Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NH Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NH Investment stock over time.
Current vs Lagged Prices |
| Timeline |
NH Investment Lagged Returns
When evaluating NH Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NH Investment stock have on its future price. NH Investment 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, NH Investment autocorrelation shows the relationship between NH Investment stock current value and its past values and can show if there is a momentum factor associated with investing in NH Investment Securities.
Regressed Prices |
| Timeline |
Pair Trading with NH Investment
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 NH Investment 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 NH Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with 005940 Stock
The ability to find closely correlated positions to NH Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NH Investment 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 NH Investment - 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 NH Investment Securities to buy it.
The correlation of NH Investment 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 NH Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NH Investment Securities 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 NH Investment 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 005940 Stock
NH Investment financial ratios help investors to determine whether 005940 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 005940 with respect to the benefits of owning NH Investment security.