Geumhwa Plant (Korea) Market Value
| 036190 Stock | KRW 25,400 450.00 1.74% |
| Symbol | Geumhwa |
Geumhwa Plant '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 Geumhwa Plant'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 Geumhwa Plant.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Geumhwa Plant on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Geumhwa Plant Service or generate 0.0% return on investment in Geumhwa Plant over 30 days. Geumhwa Plant is related to or competes with Korea New, ICD, DYPNF CoLtd, Busan Industrial, Finebesteel, Shinhan Inverse, and Hyundai Heavy. Geumhwa Plant Service Construction Co., Ltd. More
Geumhwa Plant 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 Geumhwa Plant'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 Geumhwa Plant Service upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 7.67 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 1.33 |
Geumhwa Plant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Geumhwa Plant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Geumhwa Plant's standard deviation. In reality, there are many statistical measures that can use Geumhwa Plant historical prices to predict the future Geumhwa Plant's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.65) |
Geumhwa Plant Service Backtested Returns
Geumhwa Plant Service holds Efficiency (Sharpe) Ratio of -0.0986, which attests that the entity had a -0.0986% return per unit of risk over the last 3 months. Geumhwa Plant Service exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Geumhwa Plant's Market Risk Adjusted Performance of (0.64), standard deviation of 1.2, and Risk Adjusted Performance of (0.1) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Geumhwa Plant's returns are expected to increase less than the market. However, during the bear market, the loss of holding Geumhwa Plant is expected to be smaller as well. At this point, Geumhwa Plant Service has a negative expected return of -0.12%. Please make sure to check out Geumhwa Plant's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Geumhwa Plant Service performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Geumhwa Plant Service has insignificant reverse predictability. Overlapping area represents the amount of predictability between Geumhwa Plant time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Geumhwa Plant Service price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Geumhwa Plant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 80.2 K |
Geumhwa Plant Service lagged returns against current returns
Autocorrelation, which is Geumhwa Plant 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 Geumhwa Plant's stock expected returns. We can calculate the autocorrelation of Geumhwa Plant returns to help us make a trade decision. For example, suppose you find that Geumhwa Plant 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 |
Geumhwa Plant 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 Geumhwa Plant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Geumhwa Plant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Geumhwa Plant stock over time.
Current vs Lagged Prices |
| Timeline |
Geumhwa Plant Lagged Returns
When evaluating Geumhwa Plant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Geumhwa Plant stock have on its future price. Geumhwa Plant 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, Geumhwa Plant autocorrelation shows the relationship between Geumhwa Plant stock current value and its past values and can show if there is a momentum factor associated with investing in Geumhwa Plant Service.
Regressed Prices |
| Timeline |
Pair Trading with Geumhwa Plant
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 Geumhwa Plant 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 Geumhwa Plant will appreciate offsetting losses from the drop in the long position's value.Moving against Geumhwa Stock
The ability to find closely correlated positions to Geumhwa Plant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Geumhwa Plant 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 Geumhwa Plant - 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 Geumhwa Plant Service to buy it.
The correlation of Geumhwa Plant 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 Geumhwa Plant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geumhwa Plant Service 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 Geumhwa Plant 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 Geumhwa Stock
Geumhwa Plant financial ratios help investors to determine whether Geumhwa 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 Geumhwa with respect to the benefits of owning Geumhwa Plant security.