Shinhan Financial (Korea) Market Value
| 055550 Stock | 55,700 200.00 0.36% |
| Symbol | Shinhan |
Shinhan Financial '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 Shinhan Financial'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 Shinhan Financial.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Shinhan Financial on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Shinhan Financial Group or generate 0.0% return on investment in Shinhan Financial over 30 days. Shinhan Financial is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Shinhan Financial 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 Shinhan Financial'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 Shinhan Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.41 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 3.71 |
Shinhan Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinhan Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinhan Financial's standard deviation. In reality, there are many statistical measures that can use Shinhan Financial historical prices to predict the future Shinhan Financial's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0025 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1268 |
Shinhan Financial Backtested Returns
Shinhan Financial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0472, which indicates the firm had a -0.0472% return per unit of risk over the last 3 months. Shinhan Financial Group exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shinhan Financial's Coefficient Of Variation of 3892.9, risk adjusted performance of 0.0265, and Semi Deviation of 2.71 to confirm the risk estimate we provide. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shinhan Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinhan Financial is expected to be smaller as well. At this point, Shinhan Financial has a negative expected return of -0.12%. Please make sure to validate Shinhan Financial's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shinhan Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Shinhan Financial Group has good predictability. Overlapping area represents the amount of predictability between Shinhan Financial time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Shinhan Financial price movement. The serial correlation of 0.68 indicates that around 68.0% of current Shinhan Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
Shinhan Financial lagged returns against current returns
Autocorrelation, which is Shinhan Financial 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 Shinhan Financial's stock expected returns. We can calculate the autocorrelation of Shinhan Financial returns to help us make a trade decision. For example, suppose you find that Shinhan Financial 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 |
Shinhan Financial 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 Shinhan Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinhan Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinhan Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Shinhan Financial Lagged Returns
When evaluating Shinhan Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinhan Financial stock have on its future price. Shinhan Financial 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, Shinhan Financial autocorrelation shows the relationship between Shinhan Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Shinhan Financial Group.
Regressed Prices |
| Timeline |
Pair Trading with Shinhan Financial
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 Shinhan Financial 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 Shinhan Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Shinhan Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinhan Financial 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 Shinhan Financial - 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 Shinhan Financial Group to buy it.
The correlation of Shinhan Financial 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 Shinhan Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinhan Financial 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 Shinhan Financial 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.Additional Information and Resources on Investing in Shinhan Stock
When determining whether Shinhan Financial is a strong investment it is important to analyze Shinhan Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Shinhan Financial's future performance. For an informed investment choice regarding Shinhan Stock, refer to the following important reports:Check out Shinhan Financial Correlation, Shinhan Financial Volatility and Shinhan Financial Alpha and Beta module to complement your research on Shinhan Financial. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Shinhan Financial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.