Haesung Optics (Korea) Market Value
| 076610 Stock | KRW 1,006 6.00 0.60% |
| Symbol | Haesung |
Haesung Optics '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 Haesung Optics' 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 Haesung Optics.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Haesung Optics on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Haesung Optics Co or generate 0.0% return on investment in Haesung Optics over 30 days. Haesung Optics is related to or competes with Automobile, InnoTherapy, Ssangyong Information, Aprogen Healthcare, Polaris Office, Nice Information, and Chorokbaem Healthcare. Haesung Optics Co., Ltd. produces and sells lens in South Korea More
Haesung Optics 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 Haesung Optics' 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 Haesung Optics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 9.0E-4 | |||
| Maximum Drawdown | 13.08 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 4.16 |
Haesung Optics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haesung Optics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haesung Optics' standard deviation. In reality, there are many statistical measures that can use Haesung Optics historical prices to predict the future Haesung Optics' volatility.| Risk Adjusted Performance | 0.0121 | |||
| Jensen Alpha | 0.006 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.001 | |||
| Treynor Ratio | 0.0296 |
Haesung Optics Backtested Returns
At this point, Haesung Optics is very steady. Haesung Optics holds Efficiency (Sharpe) Ratio of 0.0502, which attests that the entity had a 0.0502 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Haesung Optics, which you can use to evaluate the volatility of the firm. Please check out Haesung Optics' Market Risk Adjusted Performance of 0.0396, downside deviation of 2.4, and Risk Adjusted Performance of 0.0121 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Haesung Optics has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Haesung Optics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Haesung Optics is expected to be smaller as well. Haesung Optics right now retains a risk of 2.65%. Please check out Haesung Optics downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Haesung Optics will be following its current trending patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
Haesung Optics Co has poor reverse predictability. Overlapping area represents the amount of predictability between Haesung Optics time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th 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 Haesung Optics price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Haesung Optics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1892.75 |
Haesung Optics lagged returns against current returns
Autocorrelation, which is Haesung Optics 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 Haesung Optics' stock expected returns. We can calculate the autocorrelation of Haesung Optics returns to help us make a trade decision. For example, suppose you find that Haesung Optics 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 |
Haesung Optics 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 Haesung Optics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haesung Optics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haesung Optics stock over time.
Current vs Lagged Prices |
| Timeline |
Haesung Optics Lagged Returns
When evaluating Haesung Optics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haesung Optics stock have on its future price. Haesung Optics 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, Haesung Optics autocorrelation shows the relationship between Haesung Optics stock current value and its past values and can show if there is a momentum factor associated with investing in Haesung Optics Co.
Regressed Prices |
| Timeline |
Pair Trading with Haesung Optics
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 Haesung Optics 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 Haesung Optics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Haesung Optics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haesung Optics 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 Haesung Optics - 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 Haesung Optics Co to buy it.
The correlation of Haesung Optics 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 Haesung Optics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haesung Optics 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 Haesung Optics 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 Haesung Stock
Haesung Optics financial ratios help investors to determine whether Haesung 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 Haesung with respect to the benefits of owning Haesung Optics security.