Heerim Architects (Korea) Market Value
| 037440 Stock | KRW 5,680 100.00 1.73% |
| Symbol | Heerim |
Heerim Architects '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 Heerim Architects' 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 Heerim Architects.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Heerim Architects on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Heerim Architects Planners or generate 0.0% return on investment in Heerim Architects over 720 days. Heerim Architects is related to or competes with Daishin Information, Keyang Electric, Shinsegae Information, GS Engineering, Camus Engineering, Nam Hwa, and Sungdo Engineering. Heerim Architects Planners Co., Ltd. provides architectural services in South Korea and internationally More
Heerim Architects 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 Heerim Architects' 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 Heerim Architects Planners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 36.0 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 6.34 |
Heerim Architects Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heerim Architects' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heerim Architects' standard deviation. In reality, there are many statistical measures that can use Heerim Architects historical prices to predict the future Heerim Architects' volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1163 |
Heerim Architects Backtested Returns
Heerim Architects appears to be very steady, given 3 months investment horizon. Heerim Architects holds Efficiency (Sharpe) Ratio of 0.0447, which attests that the entity had a 0.0447% return per unit of risk over the last 3 months. We have found thirty technical indicators for Heerim Architects, which you can use to evaluate the volatility of the firm. Please utilize Heerim Architects' Market Risk Adjusted Performance of 0.1263, downside deviation of 3.16, and Risk Adjusted Performance of 0.0266 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Heerim Architects holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 0.83, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Heerim Architects' returns are expected to increase less than the market. However, during the bear market, the loss of holding Heerim Architects is expected to be smaller as well. Please check Heerim Architects' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Heerim Architects' current trending patterns will revert.
Auto-correlation | 0.48 |
Average predictability
Heerim Architects Planners has average predictability. Overlapping area represents the amount of predictability between Heerim Architects time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Heerim Architects price movement. The serial correlation of 0.48 indicates that about 48.0% of current Heerim Architects price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 686.5 K |
Heerim Architects lagged returns against current returns
Autocorrelation, which is Heerim Architects 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 Heerim Architects' stock expected returns. We can calculate the autocorrelation of Heerim Architects returns to help us make a trade decision. For example, suppose you find that Heerim Architects 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 |
Heerim Architects 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 Heerim Architects stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heerim Architects stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heerim Architects stock over time.
Current vs Lagged Prices |
| Timeline |
Heerim Architects Lagged Returns
When evaluating Heerim Architects' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heerim Architects stock have on its future price. Heerim Architects 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, Heerim Architects autocorrelation shows the relationship between Heerim Architects stock current value and its past values and can show if there is a momentum factor associated with investing in Heerim Architects Planners.
Regressed Prices |
| Timeline |
Pair Trading with Heerim Architects
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 Heerim Architects 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 Heerim Architects will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Heerim Architects could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heerim Architects 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 Heerim Architects - 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 Heerim Architects Planners to buy it.
The correlation of Heerim Architects 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 Heerim Architects moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Heerim Architects 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 Heerim Architects 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 Heerim Stock
Heerim Architects financial ratios help investors to determine whether Heerim 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 Heerim with respect to the benefits of owning Heerim Architects security.