Home Center (Korea) Market Value
| 060560 Stock | KRW 767.00 12.00 1.54% |
| Symbol | Home |
Home Center '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 Home Center'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 Home Center.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Home Center on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Home Center Holdings or generate 0.0% return on investment in Home Center over 540 days. Home Center is related to or competes with LG Chemicals, POSCO Holdings, Hanwha Solutions, Lotte Chemical, Hyundai Steel, Ecopro, and Seah Steel. Home Center Co., Ltd. engages in the manufacture and sale of readymix concrete in South Korea. More
Home Center 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 Home Center'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 Home Center Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 20.7 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 2.36 |
Home Center Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Home Center's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Home Center's standard deviation. In reality, there are many statistical measures that can use Home Center historical prices to predict the future Home Center's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (7.73) |
Home Center Holdings Backtested Returns
Home Center Holdings holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Home Center Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Home Center's Risk Adjusted Performance of (0.09), market risk adjusted performance of (7.72), and Standard Deviation of 2.9 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0476, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Home Center's returns are expected to increase less than the market. However, during the bear market, the loss of holding Home Center is expected to be smaller as well. At this point, Home Center Holdings has a negative expected return of -0.42%. Please make sure to check out Home Center's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Home Center Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Home Center Holdings has modest predictability. Overlapping area represents the amount of predictability between Home Center time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Home Center Holdings price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Home Center price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 16.1 K |
Home Center Holdings lagged returns against current returns
Autocorrelation, which is Home Center 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 Home Center's stock expected returns. We can calculate the autocorrelation of Home Center returns to help us make a trade decision. For example, suppose you find that Home Center 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 |
Home Center 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 Home Center stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Home Center stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Home Center stock over time.
Current vs Lagged Prices |
| Timeline |
Home Center Lagged Returns
When evaluating Home Center's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Home Center stock have on its future price. Home Center 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, Home Center autocorrelation shows the relationship between Home Center stock current value and its past values and can show if there is a momentum factor associated with investing in Home Center Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Home Center
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 Home Center 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 Home Center will appreciate offsetting losses from the drop in the long position's value.Moving together with Home Stock
Moving against Home Stock
| 0.8 | 105560 | KB Financial Group | PairCorr |
| 0.77 | 024110 | Industrial Bank | PairCorr |
| 0.75 | 032830 | Samsung Life | PairCorr |
| 0.56 | 316140 | Woori Financial Group | PairCorr |
| 0.51 | 001430 | SeAH Bestee | PairCorr |
The ability to find closely correlated positions to Home Center could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Home Center 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 Home Center - 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 Home Center Holdings to buy it.
The correlation of Home Center 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 Home Center moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Home Center Holdings 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 Home Center 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 Home Stock
Home Center financial ratios help investors to determine whether Home 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 Home with respect to the benefits of owning Home Center security.