Hanwha ARIRANG's market value is the price at which a share of Hanwha ARIRANG trades on a public exchange. It measures the collective expectations of Hanwha ARIRANG KOSPI50 investors about its performance. Hanwha ARIRANG is trading at 22665.00 as of the 11th of December 2024, a 0.71% up since the beginning of the trading day. The etf's open price was 22505.0. With this module, you can estimate the performance of a buy and hold strategy of Hanwha ARIRANG KOSPI50 and determine expected loss or profit from investing in Hanwha ARIRANG over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Hanwha
Hanwha ARIRANG '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 Hanwha ARIRANG's etf 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 Hanwha ARIRANG.
0.00
09/12/2024
No Change 0.00
0.0
In 3 months and 1 day
12/11/2024
0.00
If you would invest 0.00 in Hanwha ARIRANG on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Hanwha ARIRANG KOSPI50 or generate 0.0% return on investment in Hanwha ARIRANG over 90 days.
Hanwha ARIRANG 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 Hanwha ARIRANG's etf 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 Hanwha ARIRANG KOSPI50 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanwha ARIRANG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanwha ARIRANG's standard deviation. In reality, there are many statistical measures that can use Hanwha ARIRANG historical prices to predict the future Hanwha ARIRANG's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hanwha ARIRANG. Your research has to be compared to or analyzed against Hanwha ARIRANG's peers to derive any actionable benefits. When done correctly, Hanwha ARIRANG's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hanwha ARIRANG KOSPI50.
Hanwha ARIRANG KOSPI50 Backtested Returns
Hanwha ARIRANG KOSPI50 holds Efficiency (Sharpe) Ratio of -0.0556, which attests that the entity had a -0.0556% return per unit of risk over the last 3 months. Hanwha ARIRANG KOSPI50 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hanwha ARIRANG's Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.88), and Standard Deviation of 1.25 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0887, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hanwha ARIRANG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanwha ARIRANG is expected to be smaller as well.
Auto-correlation
-0.12
Insignificant reverse predictability
Hanwha ARIRANG KOSPI50 has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hanwha ARIRANG time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 Hanwha ARIRANG KOSPI50 price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Hanwha ARIRANG price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.12
Spearman Rank Test
-0.16
Residual Average
0.0
Price Variance
340.5 K
Hanwha ARIRANG KOSPI50 lagged returns against current returns
Autocorrelation, which is Hanwha ARIRANG etf'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 Hanwha ARIRANG's etf expected returns. We can calculate the autocorrelation of Hanwha ARIRANG returns to help us make a trade decision. For example, suppose you find that Hanwha ARIRANG has exhibited high autocorrelation historically, and you observe that the etf 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
Hanwha ARIRANG 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 Hanwha ARIRANG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanwha ARIRANG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanwha ARIRANG etf over time.
Current vs Lagged Prices
Timeline
Hanwha ARIRANG Lagged Returns
When evaluating Hanwha ARIRANG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanwha ARIRANG etf have on its future price. Hanwha ARIRANG 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, Hanwha ARIRANG autocorrelation shows the relationship between Hanwha ARIRANG etf current value and its past values and can show if there is a momentum factor associated with investing in Hanwha ARIRANG KOSPI50.