Humasis (Korea) Market Value
| 205470 Stock | KRW 1,864 21.00 1.11% |
| Symbol | Humasis |
Humasis '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 Humasis' 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 Humasis.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Humasis on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Humasis Co or generate 0.0% return on investment in Humasis over 30 days. Humasis is related to or competes with Seegene, LabGenomics, Busan Industrial, UNISEM, and Finebesteel. Ltd. develops, manufactures, and markets in-vitro diagnostics for the detection of cardiac marker, fertility hormone, in... More
Humasis 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 Humasis' 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 Humasis Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 40.38 | |||
| Value At Risk | (8.17) | |||
| Potential Upside | 13.72 |
Humasis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Humasis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Humasis' standard deviation. In reality, there are many statistical measures that can use Humasis historical prices to predict the future Humasis' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | 0.3744 |
Humasis Backtested Returns
At this point, Humasis is very steady. Humasis holds Efficiency (Sharpe) Ratio of 0.02, which attests that the entity had a 0.02% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Humasis, which you can use to evaluate the volatility of the firm. Please check out Humasis' Market Risk Adjusted Performance of 0.3844, risk adjusted performance of (0.03), and Standard Deviation of 6.6 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Humasis has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.83, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Humasis are expected to decrease at a much lower rate. During the bear market, Humasis is likely to outperform the market. Humasis right now retains a risk of 6.07%. Please check out Humasis coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Humasis will be following its current trending patterns.
Auto-correlation | 0.39 |
Below average predictability
Humasis Co has below average predictability. Overlapping area represents the amount of predictability between Humasis time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Humasis price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Humasis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 23.4 K |
Humasis lagged returns against current returns
Autocorrelation, which is Humasis 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 Humasis' stock expected returns. We can calculate the autocorrelation of Humasis returns to help us make a trade decision. For example, suppose you find that Humasis 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 |
Humasis 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 Humasis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humasis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humasis stock over time.
Current vs Lagged Prices |
| Timeline |
Humasis Lagged Returns
When evaluating Humasis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Humasis stock have on its future price. Humasis 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, Humasis autocorrelation shows the relationship between Humasis stock current value and its past values and can show if there is a momentum factor associated with investing in Humasis Co.
Regressed Prices |
| Timeline |
Pair Trading with Humasis
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 Humasis 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 Humasis will appreciate offsetting losses from the drop in the long position's value.Moving together with Humasis Stock
The ability to find closely correlated positions to Humasis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Humasis 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 Humasis - 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 Humasis Co to buy it.
The correlation of Humasis 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 Humasis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Humasis 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 Humasis 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 Humasis Stock
Humasis financial ratios help investors to determine whether Humasis 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 Humasis with respect to the benefits of owning Humasis security.