Namhwa Industrial (Korea) Market Value
| 111710 Stock | KRW 5,310 170.00 3.31% |
| Symbol | Namhwa |
Namhwa Industrial '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 Namhwa Industrial'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 Namhwa Industrial.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Namhwa Industrial on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Namhwa Industrial Co or generate 0.0% return on investment in Namhwa Industrial over 30 days. Namhwa Industrial is related to or competes with Kakao Games, Duksan Hi, Youngsin Metal, Dongil Metal, Kbi Metal, Aprogen Healthcare, and PJ Metal. Namhwa Industrial Co., Ltd. engages in the operation of golf course More
Namhwa Industrial 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 Namhwa Industrial'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 Namhwa Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.19 |
Namhwa Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Namhwa Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Namhwa Industrial's standard deviation. In reality, there are many statistical measures that can use Namhwa Industrial historical prices to predict the future Namhwa Industrial's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.0607 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.33) |
Namhwa Industrial Backtested Returns
At this point, Namhwa Industrial is very steady. Namhwa Industrial has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Namhwa Industrial, which you can use to evaluate the volatility of the firm. Please verify Namhwa Industrial's Risk Adjusted Performance of 0.0367, mean deviation of 0.9069, and Downside Deviation of 1.46 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Namhwa Industrial has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Namhwa Industrial are expected to decrease at a much lower rate. During the bear market, Namhwa Industrial is likely to outperform the market. Namhwa Industrial right now secures a risk of 1.46%. Please verify Namhwa Industrial Co coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Namhwa Industrial Co will be following its current price movements.
Auto-correlation | -0.48 |
Modest reverse predictability
Namhwa Industrial Co has modest reverse predictability. Overlapping area represents the amount of predictability between Namhwa Industrial time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Namhwa Industrial price movement. The serial correlation of -0.48 indicates that about 48.0% of current Namhwa Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 12.8 K |
Namhwa Industrial lagged returns against current returns
Autocorrelation, which is Namhwa Industrial 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 Namhwa Industrial's stock expected returns. We can calculate the autocorrelation of Namhwa Industrial returns to help us make a trade decision. For example, suppose you find that Namhwa Industrial 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 |
Namhwa Industrial 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 Namhwa Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Namhwa Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Namhwa Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Namhwa Industrial Lagged Returns
When evaluating Namhwa Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Namhwa Industrial stock have on its future price. Namhwa Industrial 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, Namhwa Industrial autocorrelation shows the relationship between Namhwa Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Namhwa Industrial Co.
Regressed Prices |
| Timeline |
Pair Trading with Namhwa Industrial
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 Namhwa Industrial 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 Namhwa Industrial will appreciate offsetting losses from the drop in the long position's value.Moving against Namhwa Stock
| 0.76 | 005385 | Hyundai Motor | PairCorr |
| 0.73 | 005380 | Hyundai Motor | PairCorr |
| 0.66 | 005387 | Hyundai Motor | PairCorr |
| 0.56 | 005935 | Samsung Electronics | PairCorr |
| 0.53 | 005930 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Namhwa Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Namhwa Industrial 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 Namhwa Industrial - 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 Namhwa Industrial Co to buy it.
The correlation of Namhwa Industrial 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 Namhwa Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Namhwa Industrial 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 Namhwa Industrial 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 Namhwa Stock
Namhwa Industrial financial ratios help investors to determine whether Namhwa 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 Namhwa with respect to the benefits of owning Namhwa Industrial security.