HYUNDAI BIOLAND (Korea) Market Value
| 052260 Stock | KRW 4,275 10.00 0.23% |
| Symbol | HYUNDAI |
HYUNDAI BIOLAND '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 HYUNDAI BIOLAND'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 HYUNDAI BIOLAND.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in HYUNDAI BIOLAND on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding HYUNDAI BIOLAND CoLtd or generate 0.0% return on investment in HYUNDAI BIOLAND over 720 days. HYUNDAI BIOLAND is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. ,Ltd manufactures and sells raw materials for cosmetics, and food and pharmaceuticals More
HYUNDAI BIOLAND 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 HYUNDAI BIOLAND'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 HYUNDAI BIOLAND CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.39 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 3.85 |
HYUNDAI BIOLAND Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HYUNDAI BIOLAND's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HYUNDAI BIOLAND's standard deviation. In reality, there are many statistical measures that can use HYUNDAI BIOLAND historical prices to predict the future HYUNDAI BIOLAND's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 5.9 |
HYUNDAI BIOLAND CoLtd Backtested Returns
HYUNDAI BIOLAND CoLtd holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of volatility over the last 3 months. HYUNDAI BIOLAND CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HYUNDAI BIOLAND's market risk adjusted performance of 5.91, and Risk Adjusted Performance of (0.10) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0654, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HYUNDAI BIOLAND are expected to decrease at a much lower rate. During the bear market, HYUNDAI BIOLAND is likely to outperform the market. At this point, HYUNDAI BIOLAND CoLtd has a negative expected return of -0.39%. Please make sure to check out HYUNDAI BIOLAND's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if HYUNDAI BIOLAND CoLtd performance from the past will be repeated at some future point.
Auto-correlation | -0.14 |
Insignificant reverse predictability
HYUNDAI BIOLAND CoLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between HYUNDAI BIOLAND time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 HYUNDAI BIOLAND CoLtd price movement. The serial correlation of -0.14 indicates that less than 14.0% of current HYUNDAI BIOLAND price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 303.3 K |
HYUNDAI BIOLAND CoLtd lagged returns against current returns
Autocorrelation, which is HYUNDAI BIOLAND 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 HYUNDAI BIOLAND's stock expected returns. We can calculate the autocorrelation of HYUNDAI BIOLAND returns to help us make a trade decision. For example, suppose you find that HYUNDAI BIOLAND 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 |
HYUNDAI BIOLAND 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 HYUNDAI BIOLAND stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HYUNDAI BIOLAND stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HYUNDAI BIOLAND stock over time.
Current vs Lagged Prices |
| Timeline |
HYUNDAI BIOLAND Lagged Returns
When evaluating HYUNDAI BIOLAND's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HYUNDAI BIOLAND stock have on its future price. HYUNDAI BIOLAND 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, HYUNDAI BIOLAND autocorrelation shows the relationship between HYUNDAI BIOLAND stock current value and its past values and can show if there is a momentum factor associated with investing in HYUNDAI BIOLAND CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with HYUNDAI BIOLAND
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 HYUNDAI BIOLAND 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 HYUNDAI BIOLAND will appreciate offsetting losses from the drop in the long position's value.Moving together with HYUNDAI Stock
| 0.79 | 034220 | LG Display | PairCorr |
| 0.83 | 005380 | Hyundai Motor | PairCorr |
| 0.69 | 005385 | Hyundai Motor | PairCorr |
| 0.63 | 005387 | Hyundai Motor | PairCorr |
| 0.8 | 089970 | Adaptive Plasma Tech | PairCorr |
Moving against HYUNDAI Stock
The ability to find closely correlated positions to HYUNDAI BIOLAND could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HYUNDAI BIOLAND 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 HYUNDAI BIOLAND - 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 HYUNDAI BIOLAND CoLtd to buy it.
The correlation of HYUNDAI BIOLAND 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 HYUNDAI BIOLAND moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HYUNDAI BIOLAND CoLtd 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 HYUNDAI BIOLAND 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 HYUNDAI Stock
HYUNDAI BIOLAND financial ratios help investors to determine whether HYUNDAI 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 HYUNDAI with respect to the benefits of owning HYUNDAI BIOLAND security.