Hwangkum Steel (Korea) Market Value
| 032560 Stock | 5,030 30.00 0.59% |
| Symbol | Hwangkum |
Hwangkum Steel '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 Hwangkum Steel'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 Hwangkum Steel.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Hwangkum Steel on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Hwangkum Steel Technology or generate 0.0% return on investment in Hwangkum Steel over 510 days. Hwangkum Steel is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Hwangkum Steel 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 Hwangkum Steel'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 Hwangkum Steel Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.02 |
Hwangkum Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hwangkum Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hwangkum Steel's standard deviation. In reality, there are many statistical measures that can use Hwangkum Steel historical prices to predict the future Hwangkum Steel's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 16.66 |
Hwangkum Steel Technology Backtested Returns
Hwangkum Steel Technology holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of standard deviation over the last 3 months. Hwangkum Steel Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hwangkum Steel's risk adjusted performance of (0.12), and Market Risk Adjusted Performance of 16.67 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0125, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hwangkum Steel are expected to decrease at a much lower rate. During the bear market, Hwangkum Steel is likely to outperform the market. At this point, Hwangkum Steel Technology has a negative expected return of -0.18%. Please make sure to check out Hwangkum Steel's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Hwangkum Steel Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Hwangkum Steel Technology has good predictability. Overlapping area represents the amount of predictability between Hwangkum Steel time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Hwangkum Steel Technology price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Hwangkum Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 426.1 K |
Hwangkum Steel Technology lagged returns against current returns
Autocorrelation, which is Hwangkum Steel 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 Hwangkum Steel's stock expected returns. We can calculate the autocorrelation of Hwangkum Steel returns to help us make a trade decision. For example, suppose you find that Hwangkum Steel 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 |
Hwangkum Steel 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 Hwangkum Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hwangkum Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hwangkum Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Hwangkum Steel Lagged Returns
When evaluating Hwangkum Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hwangkum Steel stock have on its future price. Hwangkum Steel 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, Hwangkum Steel autocorrelation shows the relationship between Hwangkum Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Hwangkum Steel Technology.
Regressed Prices |
| Timeline |
Pair Trading with Hwangkum Steel
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 Hwangkum Steel 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 Hwangkum Steel will appreciate offsetting losses from the drop in the long position's value.Moving together with Hwangkum Stock
Moving against Hwangkum Stock
The ability to find closely correlated positions to Hwangkum Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hwangkum Steel 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 Hwangkum Steel - 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 Hwangkum Steel Technology to buy it.
The correlation of Hwangkum Steel 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 Hwangkum Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hwangkum Steel Technology 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 Hwangkum Steel 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 Hwangkum Stock
Hwangkum Steel financial ratios help investors to determine whether Hwangkum 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 Hwangkum with respect to the benefits of owning Hwangkum Steel security.