HSD Engine (Korea) Market Value
| 082740 Stock | 16,690 560.00 3.47% |
| Symbol | HSD |
HSD Engine '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 HSD Engine'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 HSD Engine.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in HSD Engine on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding HSD Engine Co or generate 0.0% return on investment in HSD Engine over 30 days. HSD Engine is related to or competes with LG Chemicals, Woorim Machinery, Shinhan Inverse, Dongbang Ship, Seoam Machinery, Daekyung Machinery, and GS Engineering. More
HSD Engine 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 HSD Engine'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 HSD Engine Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | 0.0854 | |||
| Maximum Drawdown | 15.0 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 5.83 |
HSD Engine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSD Engine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSD Engine's standard deviation. In reality, there are many statistical measures that can use HSD Engine historical prices to predict the future HSD Engine's volatility.| Risk Adjusted Performance | 0.1055 | |||
| Jensen Alpha | 0.3116 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0855 | |||
| Treynor Ratio | 0.636 |
HSD Engine Backtested Returns
HSD Engine appears to be very steady, given 3 months investment horizon. HSD Engine holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for HSD Engine, which you can use to evaluate the volatility of the firm. Please utilize HSD Engine's Risk Adjusted Performance of 0.1055, market risk adjusted performance of 0.646, and Semi Deviation of 2.57 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HSD Engine holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HSD Engine's returns are expected to increase less than the market. However, during the bear market, the loss of holding HSD Engine is expected to be smaller as well. Please check HSD Engine's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether HSD Engine's current trending patterns will revert.
Auto-correlation | 0.61 |
Good predictability
HSD Engine Co has good predictability. Overlapping area represents the amount of predictability between HSD Engine time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 HSD Engine price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current HSD Engine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 239.6 K |
HSD Engine lagged returns against current returns
Autocorrelation, which is HSD Engine 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 HSD Engine's stock expected returns. We can calculate the autocorrelation of HSD Engine returns to help us make a trade decision. For example, suppose you find that HSD Engine 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 |
HSD Engine 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 HSD Engine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSD Engine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSD Engine stock over time.
Current vs Lagged Prices |
| Timeline |
HSD Engine Lagged Returns
When evaluating HSD Engine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSD Engine stock have on its future price. HSD Engine 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, HSD Engine autocorrelation shows the relationship between HSD Engine stock current value and its past values and can show if there is a momentum factor associated with investing in HSD Engine Co.
Regressed Prices |
| Timeline |
Pair Trading with HSD Engine
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 HSD Engine 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 HSD Engine will appreciate offsetting losses from the drop in the long position's value.Moving together with HSD Stock
Moving against HSD Stock
The ability to find closely correlated positions to HSD Engine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HSD Engine 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 HSD Engine - 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 HSD Engine Co to buy it.
The correlation of HSD Engine 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 HSD Engine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HSD Engine 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 HSD Engine 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 HSD Stock
HSD Engine financial ratios help investors to determine whether HSD 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 HSD with respect to the benefits of owning HSD Engine security.