NH SPAC (Korea) Market Value
| 218410 Stock | KRW 12,940 90.00 0.70% |
| Symbol | 218410 |
NH SPAC '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 NH SPAC'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 NH SPAC.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in NH SPAC on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding NH SPAC 8 or generate 0.0% return on investment in NH SPAC over 30 days. NH SPAC is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
NH SPAC 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 NH SPAC'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 NH SPAC 8 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.037 | |||
| Maximum Drawdown | 26.87 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 5.96 |
NH SPAC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NH SPAC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NH SPAC's standard deviation. In reality, there are many statistical measures that can use NH SPAC historical prices to predict the future NH SPAC's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.2593 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0384 | |||
| Treynor Ratio | (10.73) |
NH SPAC 8 Backtested Returns
NH SPAC appears to be very steady, given 3 months investment horizon. NH SPAC 8 retains Efficiency (Sharpe Ratio) of 0.0927, which conveys that the firm had a 0.0927% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for NH SPAC, which you can use to evaluate the volatility of the firm. Please exercise NH SPAC's Market Risk Adjusted Performance of (10.72), standard deviation of 3.68, and Mean Deviation of 2.49 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NH SPAC holds a performance score of 7. The company owns a Beta (Systematic Risk) of -0.0239, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NH SPAC are expected to decrease at a much lower rate. During the bear market, NH SPAC is likely to outperform the market. Please check NH SPAC's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether NH SPAC's current price history will revert.
Auto-correlation | -0.57 |
Good reverse predictability
NH SPAC 8 has good reverse predictability. Overlapping area represents the amount of predictability between NH SPAC 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 NH SPAC 8 price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current NH SPAC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 253.2 K |
NH SPAC 8 lagged returns against current returns
Autocorrelation, which is NH SPAC 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 NH SPAC's stock expected returns. We can calculate the autocorrelation of NH SPAC returns to help us make a trade decision. For example, suppose you find that NH SPAC 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 |
NH SPAC 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 NH SPAC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NH SPAC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NH SPAC stock over time.
Current vs Lagged Prices |
| Timeline |
NH SPAC Lagged Returns
When evaluating NH SPAC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NH SPAC stock have on its future price. NH SPAC 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, NH SPAC autocorrelation shows the relationship between NH SPAC stock current value and its past values and can show if there is a momentum factor associated with investing in NH SPAC 8.
Regressed Prices |
| Timeline |
Pair Trading with NH SPAC
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 NH SPAC 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 NH SPAC will appreciate offsetting losses from the drop in the long position's value.Moving against 218410 Stock
| 0.79 | 302430 | Innometry | PairCorr |
| 0.72 | 033240 | Jahwa Electron | PairCorr |
| 0.7 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.68 | 006400 | Samsung SDI | PairCorr |
| 0.64 | 293780 | AptaBio Therapeutics | PairCorr |
The ability to find closely correlated positions to NH SPAC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NH SPAC 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 NH SPAC - 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 NH SPAC 8 to buy it.
The correlation of NH SPAC 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 NH SPAC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NH SPAC 8 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 NH SPAC 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 218410 Stock
NH SPAC financial ratios help investors to determine whether 218410 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 218410 with respect to the benefits of owning NH SPAC security.