Hanwha Solutions (Korea) Market Value
| 009830 Stock | 16,220 870.00 5.09% |
| Symbol | Hanwha |
Hanwha Solutions '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 Solutions' 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 Solutions.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Hanwha Solutions on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Hanwha Solutions or generate 0.0% return on investment in Hanwha Solutions over 720 days. Hanwha Solutions is related to or competes with Myoung Shin, Infinitt Healthcare, Namhwa Industrial, PJ Metal, Aprogen Healthcare, Pyung Hwa, and Samhwa Paint. More
Hanwha Solutions 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 Solutions' 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 Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 18.84 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 5.05 |
Hanwha Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanwha Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanwha Solutions' standard deviation. In reality, there are many statistical measures that can use Hanwha Solutions historical prices to predict the future Hanwha Solutions' volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | 0.6806 |
Hanwha Solutions Backtested Returns
Hanwha Solutions holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. Hanwha Solutions exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hanwha Solutions' Standard Deviation of 3.14, market risk adjusted performance of 0.6906, and Risk Adjusted Performance of (0.16) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.0, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Hanwha Solutions are expected to decrease slowly. On the other hand, during market turmoil, Hanwha Solutions is expected to outperform it slightly. At this point, Hanwha Solutions has a negative expected return of -0.65%. Please make sure to check out Hanwha Solutions' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Hanwha Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Hanwha Solutions has good predictability. Overlapping area represents the amount of predictability between Hanwha Solutions time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Solutions price movement. The serial correlation of 0.71 indicates that around 71.0% of current Hanwha Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 25.9 M |
Hanwha Solutions lagged returns against current returns
Autocorrelation, which is Hanwha Solutions 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 Solutions' stock expected returns. We can calculate the autocorrelation of Hanwha Solutions returns to help us make a trade decision. For example, suppose you find that Hanwha Solutions 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 Solutions 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 Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanwha Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanwha Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Hanwha Solutions Lagged Returns
When evaluating Hanwha Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanwha Solutions stock have on its future price. Hanwha Solutions 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 Solutions autocorrelation shows the relationship between Hanwha Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Hanwha Solutions.
Regressed Prices |
| Timeline |
Pair Trading with Hanwha Solutions
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 Solutions 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 Solutions will appreciate offsetting losses from the drop in the long position's value.Moving together with Hanwha Stock
Moving against Hanwha Stock
| 0.77 | 032830 | Samsung Life | PairCorr |
| 0.74 | 105560 | KB Financial Group | PairCorr |
| 0.68 | 001430 | SeAH Bestee | PairCorr |
| 0.58 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Hanwha Solutions 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 Solutions 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 Solutions - 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 Solutions to buy it.
The correlation of Hanwha Solutions 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 Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanwha Solutions 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 Solutions 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 Solutions 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 Solutions security.