Hanjinkal (Korea) Market Value
| 180640 Stock | 75,900 600.00 0.80% |
| Symbol | Hanjinkal |
Hanjinkal '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 Hanjinkal'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 Hanjinkal.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Hanjinkal on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Hanjinkal or generate 0.0% return on investment in Hanjinkal over 570 days.
Hanjinkal 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 Hanjinkal'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 Hanjinkal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.0419 | |||
| Maximum Drawdown | 21.39 | |||
| Value At Risk | (5.24) | |||
| Potential Upside | 5.32 |
Hanjinkal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanjinkal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanjinkal's standard deviation. In reality, there are many statistical measures that can use Hanjinkal historical prices to predict the future Hanjinkal's volatility.| Risk Adjusted Performance | 0.0701 | |||
| Jensen Alpha | 0.2522 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0489 | |||
| Treynor Ratio | 4.49 |
Hanjinkal Backtested Returns
At this point, Hanjinkal is very steady. Hanjinkal holds Efficiency (Sharpe) Ratio of 0.0513, which attests that the entity had a 0.0513% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hanjinkal, which you can use to evaluate the volatility of the firm. Please check out Hanjinkal's Downside Deviation of 2.83, risk adjusted performance of 0.0701, and Market Risk Adjusted Performance of 4.5 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Hanjinkal has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0577, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hanjinkal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanjinkal is expected to be smaller as well. Hanjinkal right now retains a risk of 3.36%. Please check out Hanjinkal semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Hanjinkal will be following its current trending patterns.
Auto-correlation | 0.77 |
Good predictability
Hanjinkal has good predictability. Overlapping area represents the amount of predictability between Hanjinkal time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Hanjinkal price movement. The serial correlation of 0.77 indicates that around 77.0% of current Hanjinkal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 83.5 M |
Hanjinkal lagged returns against current returns
Autocorrelation, which is Hanjinkal 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 Hanjinkal's stock expected returns. We can calculate the autocorrelation of Hanjinkal returns to help us make a trade decision. For example, suppose you find that Hanjinkal 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 |
Hanjinkal 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 Hanjinkal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanjinkal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanjinkal stock over time.
Current vs Lagged Prices |
| Timeline |
Hanjinkal Lagged Returns
When evaluating Hanjinkal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanjinkal stock have on its future price. Hanjinkal 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, Hanjinkal autocorrelation shows the relationship between Hanjinkal stock current value and its past values and can show if there is a momentum factor associated with investing in Hanjinkal.
Regressed Prices |
| Timeline |
Pair Trading with Hanjinkal
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 Hanjinkal 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 Hanjinkal will appreciate offsetting losses from the drop in the long position's value.Moving together with Hanjinkal Stock
Moving against Hanjinkal Stock
The ability to find closely correlated positions to Hanjinkal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanjinkal 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 Hanjinkal - 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 Hanjinkal to buy it.
The correlation of Hanjinkal 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 Hanjinkal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanjinkal 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 Hanjinkal 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.