Hyundai Elevator (Korea) Market Value
| 017800 Stock | 51,800 800.00 1.57% |
| Symbol | Hyundai |
Hyundai Elevator '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 Elevator'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 Elevator.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Hyundai Elevator on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Hyundai Elevator or generate 0.0% return on investment in Hyundai Elevator over 540 days. Hyundai Elevator is related to or competes with FOODWELL, Dongbang Transport, CKH Food, Shinsegae Food, Korean Drug, and Haitai Confectionery. More
Hyundai Elevator 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 Elevator'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 Elevator upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0851 | |||
| Maximum Drawdown | 9.66 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 3.32 |
Hyundai Elevator Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyundai Elevator's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyundai Elevator's standard deviation. In reality, there are many statistical measures that can use Hyundai Elevator historical prices to predict the future Hyundai Elevator's volatility.| Risk Adjusted Performance | 0.1228 | |||
| Jensen Alpha | 0.2766 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1066 | |||
| Treynor Ratio | 3.39 |
Hyundai Elevator Backtested Returns
Hyundai Elevator appears to be very steady, given 3 months investment horizon. Hyundai Elevator holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hyundai Elevator, which you can use to evaluate the volatility of the firm. Please utilize Hyundai Elevator's Downside Deviation of 1.56, risk adjusted performance of 0.1228, and Market Risk Adjusted Performance of 3.4 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hyundai Elevator holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.0845, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hyundai Elevator's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hyundai Elevator is expected to be smaller as well. Please check Hyundai Elevator's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Hyundai Elevator's current trending patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Hyundai Elevator has average predictability. Overlapping area represents the amount of predictability between Hyundai Elevator time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Elevator price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Hyundai Elevator price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 10.8 M |
Hyundai Elevator lagged returns against current returns
Autocorrelation, which is Hyundai Elevator 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 Elevator's stock expected returns. We can calculate the autocorrelation of Hyundai Elevator returns to help us make a trade decision. For example, suppose you find that Hyundai Elevator 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 Elevator 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 Elevator stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyundai Elevator stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyundai Elevator stock over time.
Current vs Lagged Prices |
| Timeline |
Hyundai Elevator Lagged Returns
When evaluating Hyundai Elevator's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyundai Elevator stock have on its future price. Hyundai Elevator 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 Elevator autocorrelation shows the relationship between Hyundai Elevator stock current value and its past values and can show if there is a momentum factor associated with investing in Hyundai Elevator.
Regressed Prices |
| Timeline |
Pair Trading with Hyundai Elevator
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 Elevator 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 Elevator will appreciate offsetting losses from the drop in the long position's value.Moving against Hyundai Stock
The ability to find closely correlated positions to Hyundai Elevator 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 Elevator 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 Elevator - 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 Elevator to buy it.
The correlation of Hyundai Elevator 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 Elevator moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyundai Elevator 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 Elevator 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 Elevator 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 Elevator security.