Haisung TPC (Korea) Market Value
| 059270 Stock | KRW 8,000 450.00 5.96% |
| Symbol | Haisung |
Haisung TPC '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 Haisung TPC'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 Haisung TPC.
| 05/15/2024 |
| 02/09/2025 |
If you would invest 0.00 in Haisung TPC on May 15, 2024 and sell it all today you would earn a total of 0.00 from holding Haisung TPC Co or generate 0.0% return on investment in Haisung TPC over 270 days. Haisung TPC is related to or competes with Digital Multimedia, GS Retail, Sejong Telecom, Seoul Electronics, Ssangyong Information, Kisan Telecom, and KT Submarine. Haisung TPC Co., Ltd manufactures and sells gears, decelerators, and accelerators in South Korea and internationally More
Haisung TPC 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 Haisung TPC'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 Haisung TPC Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.7 | |||
| Information Ratio | 0.1515 | |||
| Maximum Drawdown | 20.71 | |||
| Value At Risk | (5.51) | |||
| Potential Upside | 11.45 |
Haisung TPC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haisung TPC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haisung TPC's standard deviation. In reality, there are many statistical measures that can use Haisung TPC historical prices to predict the future Haisung TPC's volatility.| Risk Adjusted Performance | 0.1502 | |||
| Jensen Alpha | 0.8202 | |||
| Total Risk Alpha | 0.3554 | |||
| Sortino Ratio | 0.2088 | |||
| Treynor Ratio | 2.1 |
Haisung TPC Backtested Returns
Haisung TPC appears to be very steady, given 3 months investment horizon. Haisung TPC holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17 % return per unit of risk over the last 3 months. By evaluating Haisung TPC's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please utilize Haisung TPC's Market Risk Adjusted Performance of 2.11, risk adjusted performance of 0.1502, and Downside Deviation of 3.7 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Haisung TPC holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Haisung TPC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Haisung TPC is expected to be smaller as well. Please check Haisung TPC's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Haisung TPC's current trending patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Haisung TPC Co has good reverse predictability. Overlapping area represents the amount of predictability between Haisung TPC time series from 15th of May 2024 to 27th of September 2024 and 27th of September 2024 to 9th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Haisung TPC price movement. The serial correlation of -0.53 indicates that about 53.0% of current Haisung TPC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 752.2 K |
Haisung TPC lagged returns against current returns
Autocorrelation, which is Haisung TPC 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 Haisung TPC's stock expected returns. We can calculate the autocorrelation of Haisung TPC returns to help us make a trade decision. For example, suppose you find that Haisung TPC 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 |
Haisung TPC 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 Haisung TPC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haisung TPC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haisung TPC stock over time.
Current vs Lagged Prices |
| Timeline |
Haisung TPC Lagged Returns
When evaluating Haisung TPC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haisung TPC stock have on its future price. Haisung TPC 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, Haisung TPC autocorrelation shows the relationship between Haisung TPC stock current value and its past values and can show if there is a momentum factor associated with investing in Haisung TPC Co.
Regressed Prices |
| Timeline |
Pair Trading with Haisung TPC
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 Haisung TPC 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 Haisung TPC will appreciate offsetting losses from the drop in the long position's value.Moving together with Haisung Stock
Moving against Haisung Stock
| 0.67 | 036560 | Young Poong Precision | PairCorr |
| 0.48 | 055550 | Shinhan Financial | PairCorr |
| 0.45 | 036460 | Korea Gas | PairCorr |
| 0.42 | 032830 | Samsung Life | PairCorr |
| 0.38 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Haisung TPC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haisung TPC 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 Haisung TPC - 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 Haisung TPC Co to buy it.
The correlation of Haisung TPC 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 Haisung TPC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haisung TPC 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 Haisung TPC 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 Haisung Stock
Haisung TPC financial ratios help investors to determine whether Haisung 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 Haisung with respect to the benefits of owning Haisung TPC security.