HYUNDAI FEED (Korea) Market Value
| 016790 Stock | KRW 994.00 0.00 0.00% |
| Symbol | HYUNDAI |
HYUNDAI FEED '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 HYUNDAI FEED'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 HYUNDAI FEED.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in HYUNDAI FEED on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding HYUNDAI FEED or generate 0.0% return on investment in HYUNDAI FEED over 30 days. HYUNDAI FEED is related to or competes with Maeil Dairies, Dongwoo Farm, Wing Yip, Busan Industrial, Finebesteel, Shinhan Inverse, and Fine Besteel. The company was founded in 1983 and is headquartered in Cheonan, South Korea More
HYUNDAI FEED 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 HYUNDAI FEED'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 HYUNDAI FEED upside and downside potential and time the market with a certain degree of confidence.
HYUNDAI FEED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HYUNDAI FEED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HYUNDAI FEED's standard deviation. In reality, there are many statistical measures that can use HYUNDAI FEED historical prices to predict the future HYUNDAI FEED's volatility.HYUNDAI FEED Backtested Returns
We have found three technical indicators for HYUNDAI FEED, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HYUNDAI FEED are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
HYUNDAI FEED has no correlation between past and present. Overlapping area represents the amount of predictability between HYUNDAI FEED time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 HYUNDAI FEED price movement. The serial correlation of 0.0 indicates that just 0.0% of current HYUNDAI FEED price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HYUNDAI FEED lagged returns against current returns
Autocorrelation, which is HYUNDAI FEED 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 HYUNDAI FEED's stock expected returns. We can calculate the autocorrelation of HYUNDAI FEED returns to help us make a trade decision. For example, suppose you find that HYUNDAI FEED 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 |
HYUNDAI FEED 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 HYUNDAI FEED stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HYUNDAI FEED stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HYUNDAI FEED stock over time.
Current vs Lagged Prices |
| Timeline |
HYUNDAI FEED Lagged Returns
When evaluating HYUNDAI FEED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HYUNDAI FEED stock have on its future price. HYUNDAI FEED 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, HYUNDAI FEED autocorrelation shows the relationship between HYUNDAI FEED stock current value and its past values and can show if there is a momentum factor associated with investing in HYUNDAI FEED.
Regressed Prices |
| Timeline |
Pair Trading with HYUNDAI FEED
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 HYUNDAI FEED 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 HYUNDAI FEED will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to HYUNDAI FEED could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HYUNDAI FEED 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 HYUNDAI FEED - 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 HYUNDAI FEED to buy it.
The correlation of HYUNDAI FEED 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 HYUNDAI FEED moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HYUNDAI FEED 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 HYUNDAI FEED 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 HYUNDAI Stock
HYUNDAI FEED financial ratios help investors to determine whether HYUNDAI 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 HYUNDAI with respect to the benefits of owning HYUNDAI FEED security.