Hankukpackage (Korea) Market Value
| 037230 Stock | KRW 1,843 24.00 1.29% |
| Symbol | Hankukpackage |
Hankukpackage '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 Hankukpackage'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 Hankukpackage.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hankukpackage on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hankukpackage Co or generate 0.0% return on investment in Hankukpackage over 30 days. Hankukpackage is related to or competes with Busan Industrial, Finebesteel, Shinhan Inverse, Hyundai Heavy, and Hanwha Aerospace. Hankuk Package Co. Ltd. engages in the production and sale of liquid food packaging solutions in South Korea. More
Hankukpackage 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 Hankukpackage'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 Hankukpackage Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 1.31 |
Hankukpackage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hankukpackage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hankukpackage's standard deviation. In reality, there are many statistical measures that can use Hankukpackage historical prices to predict the future Hankukpackage's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.737 |
Hankukpackage Backtested Returns
Hankukpackage holds Efficiency (Sharpe) Ratio of -0.0506, which attests that the entity had a -0.0506% return per unit of risk over the last 3 months. Hankukpackage exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hankukpackage's Market Risk Adjusted Performance of 0.747, risk adjusted performance of (0.04), and Standard Deviation of 0.9963 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0867, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hankukpackage are expected to decrease at a much lower rate. During the bear market, Hankukpackage is likely to outperform the market. At this point, Hankukpackage has a negative expected return of -0.0532%. Please make sure to check out Hankukpackage's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Hankukpackage performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Hankukpackage Co has below average predictability. Overlapping area represents the amount of predictability between Hankukpackage 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 Hankukpackage price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Hankukpackage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 451.24 |
Hankukpackage lagged returns against current returns
Autocorrelation, which is Hankukpackage 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 Hankukpackage's stock expected returns. We can calculate the autocorrelation of Hankukpackage returns to help us make a trade decision. For example, suppose you find that Hankukpackage 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 |
Hankukpackage 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 Hankukpackage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hankukpackage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hankukpackage stock over time.
Current vs Lagged Prices |
| Timeline |
Hankukpackage Lagged Returns
When evaluating Hankukpackage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hankukpackage stock have on its future price. Hankukpackage 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, Hankukpackage autocorrelation shows the relationship between Hankukpackage stock current value and its past values and can show if there is a momentum factor associated with investing in Hankukpackage Co.
Regressed Prices |
| Timeline |
Pair Trading with Hankukpackage
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 Hankukpackage 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 Hankukpackage will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hankukpackage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hankukpackage 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 Hankukpackage - 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 Hankukpackage Co to buy it.
The correlation of Hankukpackage 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 Hankukpackage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hankukpackage 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 Hankukpackage 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 Hankukpackage Stock
Hankukpackage financial ratios help investors to determine whether Hankukpackage 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 Hankukpackage with respect to the benefits of owning Hankukpackage security.