HansBiomed (Korea) Market Value
| 042520 Stock | KRW 7,850 70.00 0.90% |
| Symbol | HansBiomed |
HansBiomed '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 HansBiomed'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 HansBiomed.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in HansBiomed on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding HansBiomed or generate 0.0% return on investment in HansBiomed over 30 days. HansBiomed is related to or competes with Polaris Office, Korean Reinsurance, Dongbu Insurance, Golden Bridge, Woori Technology, Sangsangin Investment, and Echomarketing CoLtd. HansBiomed Corporation, together with its subsidiaries, engages in the research and development, production, and sale of... More
HansBiomed 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 HansBiomed'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 HansBiomed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 15.35 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 3.5 |
HansBiomed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HansBiomed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HansBiomed's standard deviation. In reality, there are many statistical measures that can use HansBiomed historical prices to predict the future HansBiomed's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (0.80) |
HansBiomed Backtested Returns
HansBiomed 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. HansBiomed exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HansBiomed's Risk Adjusted Performance of (0.14), market risk adjusted performance of (0.79), and Standard Deviation of 2.44 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HansBiomed's returns are expected to increase less than the market. However, during the bear market, the loss of holding HansBiomed is expected to be smaller as well. At this point, HansBiomed has a negative expected return of -0.39%. Please make sure to check out HansBiomed's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if HansBiomed performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
HansBiomed has weak reverse predictability. Overlapping area represents the amount of predictability between HansBiomed time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 HansBiomed price movement. The serial correlation of -0.21 indicates that over 21.0% of current HansBiomed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 116.1 K |
HansBiomed lagged returns against current returns
Autocorrelation, which is HansBiomed 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 HansBiomed's stock expected returns. We can calculate the autocorrelation of HansBiomed returns to help us make a trade decision. For example, suppose you find that HansBiomed 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 |
HansBiomed 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 HansBiomed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HansBiomed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HansBiomed stock over time.
Current vs Lagged Prices |
| Timeline |
HansBiomed Lagged Returns
When evaluating HansBiomed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HansBiomed stock have on its future price. HansBiomed 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, HansBiomed autocorrelation shows the relationship between HansBiomed stock current value and its past values and can show if there is a momentum factor associated with investing in HansBiomed.
Regressed Prices |
| Timeline |
Pair Trading with HansBiomed
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 HansBiomed 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 HansBiomed will appreciate offsetting losses from the drop in the long position's value.Moving together with HansBiomed Stock
Moving against HansBiomed Stock
| 0.69 | 317530 | Carriesoft | PairCorr |
| 0.51 | 088130 | Dong A Eltek Split | PairCorr |
| 0.38 | 058400 | Korea New Network | PairCorr |
The ability to find closely correlated positions to HansBiomed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HansBiomed 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 HansBiomed - 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 HansBiomed to buy it.
The correlation of HansBiomed 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 HansBiomed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HansBiomed 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 HansBiomed 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 HansBiomed Stock
HansBiomed financial ratios help investors to determine whether HansBiomed 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 HansBiomed with respect to the benefits of owning HansBiomed security.